Trading and Investing for 30 years. Stocks, Futures, Forex, Options & Cryptocurrency. Host at https://xitter.gq/t.co/PS2SyDjDkj
Costa Mesa, California
Joined May 2009
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If you see any messages from me selling picks, membership services or account management, it is a scam account. I do not manage money and I’m not selling anything.
Happy Friday Everyone! Hope you have a great weekend. Make your Beans count! youtube.com/watch?v=BOksW_Na…
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Amazing footage of the Tesla Roadster flipping yesterday, today @Tesla stock flipping as well! Thought we would see more upside follow through! guess I was wrong.
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Failed to monitor Trillions of dollars in transactions, or report over $5b in illegal activity, $1.2b fine. Nobody goes to jail, nobody loses their job. This is why the financial system is corrupt! Rob a bank for $5b, pay $1.2 if you get caught. Why stop?!
Today, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of anti-money laundering and sanctions laws. These actions represent the third-largest penalty in Treasury history and the largest in @USOCC history.
home.treasury.gov/news/press…
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CPI spiked last month, reflecting surging oil prices. 3.7% y/y. 4 months of rapid gains does not speak well of more market upside. How's that 2% inflation target looking @federalreserve ?!
Soooo many questions about an AI bubble! What are your thoughts? youtube.com/watch?v=ywvmYsYz…
The 10yr yield is sitting at 5.34% today. With just 59 trading days left, do you think we will get to 6% by end of the year? Yes or No?
Excited to discuss digital assets with @Matt_Hougan on the show today! Have questions? Join us live here: youtube.com/live/AjjZcyfXbvg…
I received a message from a viewer stating that the 10yr bond yield will drop back to 1% soon. What are you looking at Bro!? The trend is your friend, we're going higher! Care to make a public wager on that one?
Excellent news today for the Bulls!
- GDP 2.1% vs 1.5%
- GDP Price Index: 6.1% vs 6.4%
- Core CPI: 0.2% vs 0.1% (Expectation was 0.3%)
- ADP NFEC: 90k vs 36k
All Very good data!
8% mortgage rates? In my opinion, that’s a bond-market story before it’s a Fed story. If long Treasury yields keep climbing, mortgage rates can get there fast. I could be wrong on timing, but this isn’t some far-off fantasy.
Palantir just closed at its highest level of the year after that earnings-driven comeback. 80% gain in 62 days, right into overhead supply! I could be wrong, but it smells like a pullback here! #PLTR
Bond yields above 5% tell you the market is repricing rates higher, and that’s a problem for Nasdaq multiples. I’m not convinced the Fed has to hike again, but you don’t fight this move until yields settle down.
Bitcoin hitting an eight-month high tells me risk appetite is back... Breaking a swing high and breaking the down trend leads me to believe the bottom is in!
Novo Nordisk getting crushed for its 2030 goals, and slow growth forecast. Over half the people I talk to say they are on Ozempic, or want to get on it! There's a bottom coming in #NVO
This chart of Total US Government Debt is Scary! The Trend is your friend till the bend at the end! @USTreasury
Warren Buffett has fully exited Berkshire Hathaway, with his son Howard taking the chairman role. That’s a big ask. $365B in cash will definitely help the transition!
Merlin Rothfeld retweeted
🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.
For those of you who would like to write to your Senators who voted against the #ClarityAct, Here is my letter you are free to personalize. Make your voice heard! You can find where to send your letters here: senate.gov/senators/senators…
docs.google.com/document/d/1…
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