QQQ (NASDAQ ETF) Jan 2024 support holding for now. [Maybe we gap lower after tonight's China tariff comes into effect]

SPX Boom and Bust Cycles. We're inside the AI-fuelled global hyperinflation boom that will go well beyond the Covid BRRR top.

Trump: Japan is flying here to make a deal and so is South Korea. I've had tariffs talks with more than 70 countries. Tariffs are on.

Fitch Ratings: US tariffs have a mixed fiscal impact and will not solve underlying challenges.

TREASURY 10-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.28%

Fitch Ratings: Stabilising US debt/GDP will be challenging as long as long-term spending pressures remain unaddressed.

📉 Snapshot
- Equities: Down
- Treasuries: Down
- Crude: Down
- Dollar: Down

📊 Equities

S&P 500: –1.57% at 4,983
Nasdaq 100: –1.95% at 17,090
Dow Jones: –0.84% at 37,646
Russell 2K: –2.57% at 1,764

Bloomberg: The ProShares Ultra Crude oil fund just had its biggest outflow since 2020, as traders take profits from bets that oil prices would fall during a 4-day slump. This is a peak fear signal.

The US imports over $1bn per day from China. With >100% tariffs hitting in 7h, the US Customs will begin taxing importers ~$1bn per day on China goods alone.

Distribution of US Investor Exposure. Investor exposure is now in the bottom 1% of historical risk appetite. This is the time to go contrarian with an inevitable monetary inflation event.

Jim Bianco: Tariffs have broken the bond market. The 30 year yield is now 5% after rising 0.67% in 3 days. The last time yields rose this much in 3 days was 1982. This kind of historic move is caused by a forced liquidation, not human managers making decisions about the outlook for rates. While technically possible, I don't think China is selling. -tweets

Trump's China tariff and a dozen other tariffs went into effect 1 hour ago

1 year inflation swap is rising sharply while 5 and 10 year inflation swaps have actually gone down reflecting expections. While investors are expecting prices to go up in the short run, they also expect a recession & sharp slowdown in the long term.

China launches comprehensive market rescue: PBOC, Central Huijin (sovereign wealth fund), state owned enterprises, and regulators are deploying real capital, backstops with buybacks, long-term liquidity, and reform measures.
[Chinese capital injections are strongly correlated with BTC ATHs]

SOURCES: CHINA IS UNDERTAKING LARGE-SCALE SELL-OFF OF U.S. TREASURIES

ProShares UltraPro QQQ ETF TQQQ (3x long QQQ ETF) saw a $1.5 Billion inflow within the last few days, the largest daily inflow in history

The RSI of SPY (an S&P500 ETF) is at the COVID bottom level

China Commerce Ministry: China is unwilling to fight a trade war, but the Chinese government will never sit idly by and watch the legitimate rights and interests of the Chinese people be damaged and deprived. China has a firm will and abundant means, will resolutely counteract and fight to the end -Xinhua