Most people don't realize what Trump just said:

For 12+ months, the US Dollar has been in a sharp decline, falling -10% in 2025 in its worst year since 2017.

Minutes ago, for the first time, Trump commented on the decline in the USD:

"The value of the Dollar is great," Trump said.

This immediately sent the US Dollar another -1% lower, to its lowest level since February 2022.

Why?

It’s a clear signal that Trump is willing to tolerate a weaker Dollar to push rates lower and boost US exports.

Own assets or be left behind.

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People on the left tend to have higher rates of mental illness. We don't know exactly why, but we know plenty of things that *do not* explain it:

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Bull markets have lasted 5x longer than bear markets on average.

Bulls: +254% over 5 years

Bears: –31% over 1 year

Markets spend far more time growing wealth than destroying it. Why interrupting compounding is the biggest risk of all.

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JUST IN - Trump: "Minnesota's in the news a lot, but what they don't say is that Minnesota has low crime numbers because of the fact that we took thousands of hardened criminals out of Minnesota."

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NOW - Trump on Minnesota ICE operations: "We're gonna de-escalate a little bit."

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Someone frontran Trump's dollar announcement by going all-in gold.

At exactly 3pm, a large block of gold‑linked call (GLD) trading went through, coinciding with the sharp move higher in spot gold. In over‑the‑counter equivalent terms, a trader rolled 250k deltas out of an in‑the‑money 4,950/5,050 call spread, and into a Feb. 20 5,250/5,400 call spread, representing 1.1 mm ounces of gold exposure ($5.1BN). The client paid $30MM in net premium to implement the new structure.

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The Covid era will be studied as one of the most ridiculous periods in recent history

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What would you choose?

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Minnesota State Patrol arresting protesters last night

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Hungary launches pre-election petition against EU aid for Ukraine

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S&P 500 hits new all-time high

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Total cash holdings by income percentile

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PRESIDENT TRUMP:

“We have to use tariffs to achieve world peace.”

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Democrat candidate for Ohio AG Elliot Forhan, a former state rep., says he is going to “kill Donald Trump.”

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NEW: $HYPE SURPASSES $30

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JUST IN: Trump says "I've made a lot of people rich."

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BREAKING: A fully automated cell phone factory is making 1 phone per second.

China's Xaomi, works 24/7 with no breaks, has no production workers, and operates in the dark.

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A Chinese app called “Are You Dead?”—meant to check on people living alone—has exploded in popularity, becoming one of China’s top paid apps

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BREAKING: Global gold ETFs posted a record +$88.6 billion in inflows in 2025, the strongest year on record.

North America led with +$50.7 billion in inflows, followed by Asia at, +$25.3 billion, and Europe at +$11.7 billion.

This marks only the 2nd year of positive inflows over the last 5 years.

December alone attracted +$10.0 billion, the 3rd-strongest month in 2025.

Last year, AUM in global gold ETFs surged +114%, to a record $582.9 billion.

In tonnage terms, demand rose to +801 tonnes in 2025, the 2nd-highest in history after 2020 when +893 tonnes were recorded.

2025 was a historic year for gold.

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