The federal government is in a downward fiscal spiral. The national debt surged over $36 trillion last fall, and despite some headlines generated by DOGE, there is no sign that the spending is going to slow down.
So here we are at an important level for the the S&P. The QQQ is also retracing but still above its 200-dma, while the DIA and IWM are hovering between their 200- and 50-dma’s.
President Trump warns Apple of 25% tariff if they don't manufacture iPhones in the U.S. DOT expected to declare CAFE regulations exceeded legal authority. Apple poaches Google's AI chief but still behind in AI race. Meta's Instagram testing referral program.
This weekend's top business stories included Southwest's new in-flight safety policy, Poland's seizure of Boeing aircraft tires over Russia sanctions, a high-profile visit to Tesla's Gigafactory by the U.S. Transportation Secretary, and concerns over Tesla's brand image amid Elon Musk's political ties.
The Primary Trend is not determined by what people want or what they expect. Instead, they get what they deserve, shaped by patterns of history rather than the conscious efforts of those who live it.
MMT uses chartalism and a few dubious examples to appeal to history to establish the theory‘s authority and validity, only to discard this element as irrelevant and unnecessary.
The weekend saw Kevin O'Leary clash with Elizabeth Warren over crypto regulation, Trump-linked tokens spark profit and controversy, and bold predictions from Anthony Pompliano and Robert Kiyosaki about a weakening dollar and Bitcoin soaring to $250,000.
America as a country should benefit from the Golden Dome first and foremost. But there are plenty of investment opportunities to consider as well if everything goes according to (Trump’s) plan.
