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]

US Treasury yields down [Panicans BTFO]

June has been down only once in the past decade [higher we go]

🚨Total stablecoin market cap: $247.48bn [new ATH, +$7bn in May]

World/US: same dead cat bounce as in 2017 and 2021 [ignore macro FUD, BTFD]

Tom Lee this morning:
*S&P 500 target is $6600 and now feels more reasonable to achieve than in February
*A new bull market started on April 7th because of massive deleveraging and sentiment collapse which created a new opportunity
*Housing and auto insurance was 75% of the reason for inflation, now housing is going negative and core inflation is coming down aggressively so rate cuts feel likely

🚨If you’re scared to BTFD, do it scared, but do it regardless!

Crypto funds post $286M net inflows in week ending May 30 despite heavy selling -Coinshares

🚨Gold up nearly 2% [gold has topped, rotation into crypto underway]

EU warns it may accelerate retaliatory measures if President Donald Trump follows through on his 50% tariff threats on steel and aluminum [TACO, BTFD!]

Manufacturing PMI -0.3pt from expectations but still rose +1.8pts from April moving further into expansion which it entered at the start of the year.
*New orders: rose to the strongest degree in three months, demand from within the United States was noted as the primary driver of growth
*Production: Despite the uplift in order books, production volumes were trimmed marginally for a third month in a row.
*Backlogs: fell again, albeit modestly
*Sentiment: growing expectations among the panel that disruption to markets caused by tariffs will dissipate in the months ahead
*Employment: An increase in labor capacity was registered in May, with a net increase in employment signaled for the first time in three months.
*Delivery Times: Supplier delivery delays (due to tariffs) were also noted, linked to growing stock shortages at vendors
*Prices: Latest data showed that raw material price inflation remained high, despite dropping to a three-month low

🚨184 million logins and passwords stolen for Google, Microsoft, online banking, social media, etc.

🚨🚨Trump and Xi are likely to speak this week -CNBC [TACO, BTFD]

Why the trade war was always a fake war

Flows since Liberation day low: crypto and short duration bonds on top. [$20bn from short duration bonds will fuel the parabolic phase of this bull]

🚨Silver just broke a 12 year high [smelling a rate cut, BTFD]