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EndGame Macro
President Trump Says He’s Looking At Emergency Action On Housing
President Trump says he is considering declaring a national housing emergency to tackle affordability while trying not to undercut existing homeowners’ wealth. He frames housing as a core store of net worth especially for older households and argues that rapidly expanding supply could push prices down in a way that hurts current owners, even as younger buyers struggle to enter the market.
A national emergency declaration would give him broad executive powers to act without Congress, potentially allowing the administration to free up federal land, waive or fast track regulations, reduce closing costs, adjust mortgage programs through agencies like Fannie Mae and Freddie Mac, and apply pressure on zoning and construction costs, all aimed at increasing access to housing without triggering a sharp price correction.
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President Trump Says He’s Looking At Emergency Action On Housing
President Trump says he is considering declaring a national housing emergency to tackle affordability while trying not to undercut existing homeowners’ wealth. He frames housing as a core store of net worth especially for older households and argues that rapidly expanding supply could push prices down in a way that hurts current owners, even as younger buyers struggle to enter the market.
A national emergency declaration would give him broad executive powers to act without Congress, potentially allowing the administration to free up federal land, waive or fast track regulations, reduce closing costs, adjust mortgage programs through agencies like Fannie Mae and Freddie Mac, and apply pressure on zoning and construction costs, all aimed at increasing access to housing without triggering a sharp price correction.
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Fiscal.ai
Throwback to one of the best investment pitches of all time.
Norbert Lou in 2001:
"NVR is a homebuilder. Their operating model, which is unique, allows them to assume the least risk in the industry and produce returns that are the largest."
$NVR is up 4,858% since. https://t.co/NckQIIwoZF
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Throwback to one of the best investment pitches of all time.
Norbert Lou in 2001:
"NVR is a homebuilder. Their operating model, which is unique, allows them to assume the least risk in the industry and produce returns that are the largest."
$NVR is up 4,858% since. https://t.co/NckQIIwoZF
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App Economy Insights
📊 This Week in Visuals
$ACN Accenture
$NKE Nike
$FDX FedEx
$CCL Carnival
$GIS General Mills
$DRI Darden
https://t.co/81IZoEjWLG
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📊 This Week in Visuals
$ACN Accenture
$NKE Nike
$FDX FedEx
$CCL Carnival
$GIS General Mills
$DRI Darden
https://t.co/81IZoEjWLG
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Offshore
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Fiscal.ai
Progressive v. GEICO
Why has Progressive won so much market share over the last decade?
$PGR $BRK https://t.co/qSKWqOAwnW
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Progressive v. GEICO
Why has Progressive won so much market share over the last decade?
$PGR $BRK https://t.co/qSKWqOAwnW
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The Few Bets That Matter
Four stocks on my watchlist and what I’m waiting for before buying.
$NFLX - The $WBD acquisition is worrying investors due to dilution & execution risk. We’re talking about a $90B+ deal for a ~$430B company, with probably ~50% debt financing - at best.
The market might not reward the stock if the acquisition goes through, not before seeing results. That said, it would create a content giant - even bigger than today, and I have no doubt about long-term success.
Stock can go lower or stabilize for long, but we'll have a massive buying opportunity to buy a company which will join the trillion dollars company without much doubts.
Patience.
$LULU - After years of missing customer expectations, management is changing, we have a concrete plan to boost growth in the West and international demand is reaccelerating.
A retest of ~$195 is already attractive for those who'd rather buy the opportunity than the confirmations. Waiting for growth in the west would be safer but means higher prices.
I'd buy the $195 retest depending on the condition of the market when it comes.
$ADBE - The “disruption” narrative is bullshit, we know it, but the market wants proof. It wants proofs that AI demand is accelerating and that Adobe will benefit from it, not just survive.
The bottom is likely already in. Like Lululemon, the stock is buyable but I'd wait for confirmations on this one as valuation isn't that low. Confirmations in term of AI acceleration or price action uptrend.
$SE & $MELI - E-com in Southeast Asia and Latin America are both under pressure on competition narratives from Chinese players & Amazon.
All e-commerce stocks sold off on competition fears, which cannot be true - if some lose share others gain.
Both stocks are around or below fair value but price action matters. Until we have a clear bottom, buying here is a gamble that we won't go lower while multiples remain high - even if lower than historical.
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Four stocks on my watchlist and what I’m waiting for before buying.
$NFLX - The $WBD acquisition is worrying investors due to dilution & execution risk. We’re talking about a $90B+ deal for a ~$430B company, with probably ~50% debt financing - at best.
The market might not reward the stock if the acquisition goes through, not before seeing results. That said, it would create a content giant - even bigger than today, and I have no doubt about long-term success.
Stock can go lower or stabilize for long, but we'll have a massive buying opportunity to buy a company which will join the trillion dollars company without much doubts.
Patience.
$LULU - After years of missing customer expectations, management is changing, we have a concrete plan to boost growth in the West and international demand is reaccelerating.
A retest of ~$195 is already attractive for those who'd rather buy the opportunity than the confirmations. Waiting for growth in the west would be safer but means higher prices.
I'd buy the $195 retest depending on the condition of the market when it comes.
$ADBE - The “disruption” narrative is bullshit, we know it, but the market wants proof. It wants proofs that AI demand is accelerating and that Adobe will benefit from it, not just survive.
The bottom is likely already in. Like Lululemon, the stock is buyable but I'd wait for confirmations on this one as valuation isn't that low. Confirmations in term of AI acceleration or price action uptrend.
$SE & $MELI - E-com in Southeast Asia and Latin America are both under pressure on competition narratives from Chinese players & Amazon.
All e-commerce stocks sold off on competition fears, which cannot be true - if some lose share others gain.
Both stocks are around or below fair value but price action matters. Until we have a clear bottom, buying here is a gamble that we won't go lower while multiples remain high - even if lower than historical.
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