Climbing the Wall of Worry 📈 For this week's Trading Take, Michael Harvey, Head of Franchise Trading at Galaxy, joins @intangiblecoins to unpack a market that feels “priced to perfection.”

Michael says we’re in a Goldilocks moment: ✔️ Equities near all-time highs ✔️ Easing financial conditions ✔️ Benign inflation ✔️ Strong labor market

Michael and Alex discuss how strong markets may give Trump more flexibility to push harder on tariffs, potentially triggering market reactions that bring rate cuts forward.

It’s not “Sell in May and go away.” Markets rallied in June, but the calm might not last. Michael flags key risks on the horizon: 📌 Tariff deadline 📌 Debt ceiling standoff 📌 Fiscal sustainability concerns

Key takeaways from this week’s Trading Take: 1⃣ Markets are pricing in perfection 2⃣ Trade risks could return 3⃣ Treasury company growth is accelerating 4⃣ Financial conditions remain easy, but watch for late-summer catalysts