🚨Global Times, a newspaper owned by the Communist Party, just said that the China-US 90 day tariff truce should be extended [Ackman's 180 day pause is coming to life]
*Global Times: The window for mutually beneficial cooperation should extend far beyond a mere 90-day period. Hopefully, the US side will build on the outcomes of the recent talks and continue to meet China halfway

Fed's Bostic: Sees 1 rate cut this year amid uncertainty
*Bostic: Economic growth may be 1% or 0.5% this year
*Bostic: Expect slower growth but recession isn't in my outlook [the recession has been cancelled just like that]
*Bostic: US-China de-escalation changes my outlook 'a little'

🚨Philly Fed data for May: expectations for new orders showed the largest monthly spike since index's inception in May 1968. [the recession has been cancelled]

🚨Spot gold down 2% so far today [double top confirmed, rotation into crypto has started]

Consumer inflation expectations through the roof. [crypto is an inflation hedge]

🚨UMich consumer sentiment read falls to 50.8, second least on record (since 1946) and less than a point from the worst which was 50.0 on June '22. [Ignore macro FUD, BTFD. Data is distorted by the fake trade war that never happened.]

Basel Medical Group in talks to purchase $1B worth of Bitcoin [this is not bearish]

Galaxy Digital in talks with the SEC to tokenize its own stock and other equities [this is not bearish either]

🚨US, EU resume tariff talks after weeks of deadlock. The discussions cover tariffs, digital trade, and investment. EU trade chief Sabine Weyand urged caution, noting some US tariffs, especially on steel and autos, are likely to stay. [Ignore these clowns and their fake deadlocks. Just BTFD]

🚨China's US Treasury securities holdings $765bln in March vs 784 bln in Feb

🚨Moody's ratings downgrades United States ratings to Aa1 from Aaa; changes outlook to stable

CTA (trend following funds) exposure to SPX is the lowest since November 2022. They're still not chasing the rally [we're very early]

Bitcoin spot ETFs experienced a total net inflow of $603.74 million last week

Ethereum spot ETFs experienced a total net inflow of $41.59 million last week

🚨The House Budget Committee voted 17-16 in rare weekend vote to pass Trump's tax cuts and budget bill, the Big Beautiful Bill [pamp it]

🚨Tether CEO Paolo Ardoino: Tether's US Treasury bond holdings have exceeded Germany, and the next target is to surpass South Korea.

Stocks futures lower as markets react to Moody's downgrade of the US credit outlook. [macro FUD as usual, BTFD.]

🚨US senators expect to vote again tonight on advancing legislation to create rules for stablecoins -sources [this will pass tonight because stablecoins buy US debt and that's exactly what the US needs right now with US30Y yields at 5%]

WH Sr. Adviser Hassett: I would not be surprised if there are more trade deals this week.
*Hassett: Moody's decision is backward looking
*Hassett: We'll keep a close eye on what the Chinese have agreed to
*Hassett: The economy will continue to take off

🚨Class action lawsuit has been filed against Michael Saylor's MicroStrategy alleging misappropriation of customers funds.
*Lawsuit claims: The company downplayed the risks of its oversized exposure to Bitcoin
*Lawsuit claims: Executives made exaggerated or incomplete statements that may have misled investors [Jim Chanos 4 days ago: We're shorting MSTR and buying Bitcoin. BTFD]

🚨Fed's Jefferson (Vice Chair): Vital central banks stand ready to provide liquidity.
Jefferson: CBs must try to minimize moral hazard
Jefferson: doesn't comment on outlook for rates, economy
Jefferson: Currency, bank reserves foundation of safe liquidity.