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]

🚨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]

TACO Trade: ignore macro FUD, BTFD.

Markets are buying the news so far. SPX futures up 1,66% [send everything]

According to Goldman, Trump has other tools to enforce tariffs despite US court ruling [TACO, BTFD]

Bessent: US-China trade talks a bit stalled, may require Trump-Xi to weigh in [even the Chinese are ordering TACOs for lunch]

The next leg up of this market will not be BTC led: Ethereum compressing under resistance. The longer it coils, the bigger the breakout. BTFD!

BlackRock's onchain money market fund BUIDL reaches $2.92bn in AUM

BofA Hartnett: Markets whispering big breakout or breakdown for risk assets coming soon; best "tells" will be XBD index ($900), IXG ($105), Bitcoin ($110k)...double tops in risk leaders = very bearish, clean upside breaks = very bullish. [BTFD]

BofA: Crypto biggest weekly inflow since Jan 2025 ($2.6bn)

🚨US spot Bitcoin ETFs saw a $359M outflow on May 29, while ETH ETFs saw $91.93M in inflows, extending their 9-day streak. [Eth about to rip]

🚨Trump: China has totally violated its agreement with us [ignore this clown, BTFD]
*Greer: China behavior 'completely unacceptable'

US stocks in free fall [BTFD]

Stripe in early talks with banks to integrate stablecoins for global payments. -source

🚨Markets now price 68.7% chance of September rate cut after today's inflation data! April PCE Price Index rose just 0.1%, dropping annual rate to 2.1%, near Fed's 2% target. Core PCE also eased to 2.5%.

🚨US plans wider China tech sanctions with subsidiary crackdown
*The rule would cover subsidiaries of Chinese firms under US curbs [TACO, BTFD]

Dimon: China is a potential adversary, but what I really worry about is us. Can we get our own act together, our own values and capabilities. This time is different… we have to get our act together and quickly. [Ignore macro FUD, BTFD]

Dimon: We're going to see a crack in the bond market [maybe he is high on crack, just ignore Dimon's FUD and BTFD]

At 6.2%, stocks are on track for their best May since 1990.

Barclay's: the pain trade remains to the upside.

Gold down 0.7% on the day [the fake trade war has lost its grip on markets, nobody cares]