Goldman Sachs: We surveyed nearly 800 institutional investors on the biggest risks they are watching in the next three months, 37% consider trade policy to be the biggest risk throughout summer, followed by US growth (26%) and US deficit (23%). [Institutional investors are in full panic mode, remember to BTFD]
Bloomberg, Deutsche, Tier1ALpha all show that CTAs (trend following funds) are starting to chase the sotck market rally. Allocations have gone up sharply over the past week [with plenty of room to go still]
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🚨Circle has filed for an IPO on the NYSE under the ticker "CRCL." [bullish bonds]
CB Consumer Confidence Index, after falling in April to the least in almost five years, rebounded in May with the biggest gain in four years from 85.7 to 98, above all Bloomberg estimates. [we are going to see a lot of these rebounds as the market prices in the fact that the trade war was fake. Ignore macro FUD, BTFD]
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🚨US court blocks most Trump tariffs deeming them illegal
*US court: President exceeded his authority and misused emergency powers to impose them.
*Trump administration has filed an appeal, the case could ultimately be decided by the Supreme Court [the trade war was always fake, BTFD]
*US court: President exceeded his authority and misused emergency powers to impose them.
*Trump administration has filed an appeal, the case could ultimately be decided by the Supreme Court [the trade war was always fake, BTFD]
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Bessent: US-China trade talks a bit stalled, may require Trump-Xi to weigh in [even the Chinese are ordering TACOs for lunch]
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