Fishing Investor Recovering Republican Executive
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An upcoming news conference with victims of Jeffrey Epstein could be “explosive,” one of the congressmen pushing for full release of the files on Epstein predicts. Democratic Rep. Ro Khanna said the victims’ accounts will force lawmakers to vote on a bill requiring DOJ to release its files.
They are
Hey Congress – make Alex Acosta's testimony public and televised. There's absolutely no ethical reason for it to be private and transcribed. Nefarious AF. We need to hear your questions. We want to see him squirm. We need to see him squirm. Yet another sign of a cover-up.
Except for the fact that this Bull market started at SPX 666 in March of 2009 and is already up 900%.
$NVDA next
Just amazing that economists who miss on just about every non-government data point were able to hit every single data drop spot on this morning. Or was it the other way around?
The Trump Regime is communist.
No, Americans kept spending last month BECAUSE of higher inflation.
FORTUNE has said that there is "Noticeable drops in traffic at restaurants, shops, and malls; fewer people traveling or eating out; increased coupon clipping and price sensitivity."
Why is Trump not complaining about the major revision to Q2 GDP?
Don't lie, @cnbc.com This isn't traders buying the Dip. It's market makers propping to sell bags on the cash open.
That is called communism.
Florida bans "The Diary of Anne Frank" in school libraries. Whoever made this decision should have to eat every page of that amazing book, page by page.
“I was r*ped sometimes 3 times a day on that island… and I was not the only girl on that island… Ghislaine must die in prison, because I’ve been in hell and back for the last 17 years.” Listen to the survivors.
"Thou shall not kill" also means 'thou shalt not let profit margins decide who lives and who dies.'
i need politicians to be as mad at housing prices as they are about cracker barrel's new logo
🏅🏅🏅🏅
If he picks Hassett and he is confirmed, you own too many bonds and not enough gold.
How anyone doesn't see that Netanyahu and Putin have the Epstein-related dirt on Trump is beyond me.
Gavin Newsom is doing it right. You beat Trump by hitting at his fragile ego and driving him crazier than he already is. It's working. Also, Donald Trump has man boobs.
19% increase in the budget deficit in July. Thought we were getting billions and billions from tariffs. Where has the tariff taxes gone?
A message for the most “transparent Administration” in history: Release the Epstein files.
productivity is now a euphemism for wage theft pass it on.
US media has failed us www.dailymail.co.uk/news/article...
TESLA SLASHES MONTHLY PAYMENTS NEARLY 50% AMID UK SALES SLUMP — THE TIMES.
Fed's Goolsbee: Need another inflation report to see if on track.
Why isn't $NVDA reacting to the 50% drop in $CRWV? $NVDA owns over 7% of $CRWV. Their position is a $3.5B mark to market loss this quarter. Plus, $CRWV ability to buy more GPUs from $NVDA is based on the company's ability to dilute.
The future of $CRWV
Supreme Court blocks all of Trump's tariffs and Bessent finds some way to avoid issuing at the long end at all in September.
Newsom: "He doesn't play by a different set of rules. He doesn't believe in the rules. As a consequence, we need to disabuse ourselves of the way things have been done. It's not enough to just hold hands, have a candlelight vigil, talk about way the world should be...we have got to meet fire w/fire"
Epstein
Markwayne Mullin: Giant Pussy....and stupid hillbilly.
See that's the type of uninspired answer that most equity bros give. No, not saying that. I am saying the market OFTEN misprices risk - see Feb 2020 for a recent example - and I'm simply pointing out that the market is mispricing risk today.
The Russell getting shelled while the Naz and Spoos hold up because OpEx is tomorrow tells you all you need to know.
So he’s only going to sell Putin *some* of Alaska? Cool. Cool cool cool.
Except Thomas Massie.
NEW: Governor Newsom will be holding a press conference and rally at 11:30 AM PT tomorrow in Los Angeles regarding redistricting. The announcement is chef's kiss.
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Market cap to GDP: 212%. Highest ever. 50% above Dotcom Peak. CAPE: 36X, second highest ever. Highest 38X at peak of Dotcom Bubble but GDP growth 5% then versus flat now. Concentration: top 10 stocks 41% of SPX, Highest ever. Margin lending: $1T, Highest ever. Keep going?
I think it's helped tremendously in inflating the bubble. So have buybacks and 401k contributions. Those flows all easily reverse when profits are squeezed and jobs start getting cut.
Powell will tamp down next week.
One more trading day tomorrow of the buy the dip buffoonery working and then it's over. We'll see how these clowns fare when they don't have Ken Griffin supporting.
A late night message from Gavin Newsom
The Fed is not cutting with PPI like that.
Will be interesting to see how indices behave on the other side of OpEx.
This is appalling. Civilized countries look at us and are rightly horrified that this idiocy and cruelty is sanctioned by--encouraged by--our government. (I originally wrote "Other civilized countries look at us..." But do we any longer count in their ranks?) www.theguardian.com/world/2025/a...
2 years ago we didn't have a 900% increase in the effective tariff rate across all imports, essentially zero job growth, and flat GDP.....with equities at 26x TTM and 35x CAPE
Never forget
Jim Bullard being considered for Fed Chair is an abomination. He is as partisan as Bostic and Goolsbee but in the other direction. Bullard was the second most dovish member during Trump 1.0 and the most hawkish member during Biden.
An Apple Insider leaked to me the new iPhone: New colors Bigger screen Better camera
The crime scene in D.C. most damaging to everyday Americans is at 1600 Pennsylvania Ave.
This is the most disconnected US equities have been from the underlying economy in history. I can list as many hard data items as you want to see to prove that. My suspicion is that sometime between next Monday and the end of September, markets are going to wake up.
So Tesla is now deactivating its vehicles remotely if the owner does something they don't approve of. Just another of the many reasons not to buy a Tesla.
BREAKING: Core inflation rose 0.3% in July and 3.1% year over year. This is the fastest annual pace in five months. That's before most of Trump’s tariffs took effect in August. It’s only going to get worse.
NC is home to the last remaining wild red wolf population, and it's imperative that we ensure they do not go extinct. I'm introducing a bipartisan resolution with Rep. Greg Murphy calling for federal wildlife corridors and support for repopulation efforts to protect red wolves.
Three things are keeping up markets: 1. Corporate buybacks 2. Passive - think 401k contributions 3. Trumper Retail Goons All 3 are price-insensitive buyers who gullibly react to news. This is all going to change in September.
Raskin: In any event, if he really cared about public safety in DC… he would not have pardoned 1600 insurrectionists and violent cop beaters on his first day in office.
Heck yeah! Keep fighting
So, where are the Epstein Files?
DC statehood is now an imperative. No more dicking around. Next Dem majority, get it done immediately.
Core inflation misses to the high side at +3.1% vs +3.0% expected. That number probably is artificially low based on fear at the BLS. And you're buying equities?
$AAPL at 35 PE is second only to $TSLA at 200 in terms of insanity. Tim Cook is a proven liar. His meeting with Trump only means $AAPL won't get singled out for tariffs, tariffs that were not priced in to begin with. That has nothing to do with $AAPL growth prospects, which suck. Hard pass for me
Put a note on your calendar for next Thursday if you're a stock monkey.
Reason number 12,149 crypto needs zeroed out.
They don't.
5/ And they're crushing the yen to protect the carry trade again. Since June, the Dollar/Yen has diverged from DXY as the BOJ has been a seller. This despite inflation becoming a real problem in Japan and JGB selling/rates higher. So as bad as the Fed is, they could be much, much worse.
4/ The result? Japan went into a recession in 2023-2024 to save the carry trade and has consistently flipped between low growth and contraction since 2008. Its real GDP today is lower than it was in 1995 in dollar terms.
3/ What's worse is to support the investments Japanese banks have in FOREIGN equities (namely US), the BOJ has consistently manipulated the Yen, largely at the expense of the average Japanese citizen's purchasing power.
2/ The BOJ has actually been buying equity ETFs and they are the largest holder of Japanese equities.....despite only 15% of the adult population having any equity exposure.
1/ As reckless as the Fed has been since 2008, the BOJ may be one of the most dangerous and evil organizations on earth. Their policy intentionally props up equity prices despite only 15% of Japanese adults having ANY equity exposure (versus 50% in the US).
$NVDA
Trump says U.S. will put tariff of about 100 percent on semiconductors-yonhap
Just because Epstein is dead and Ghislaine is in prison doesn’t mean their clients have stopped abusing children #ReleaseTheEpsteinFiles #EpsteinTrumpCoverUp #TrumpEpsteinCoverup
In 2016, Ghislaine Maxwell falsely stated, under oath, that she was not aware that Jeffrey Epstein recruited underage girls for sex (you know, the ones she was actually recruiting on his behalf). She was charged with two counts of perjury for this. Remind me why we give a shit what she says now?
Last week: P&G CFO: "We see consumption trends consistently deteriorating." $PG This week: McDonalds CEO: ".. traffic in the US remained challenging as visits across the industry by low income consumers once again declined by double digits versus the prior year period." $MCD
Buybacks, passive contributions, retail option gamblers. That's it. All 3 reverse rapidly.
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They Are Running Out Of Sick Minded Recruits…. Now they’ll take on anyone! SMDH🤨🤨
S&P: “.. US corporate bankruptcies in July reached their highest monthly volume since 2020. “.. Year-to-date bankruptcy filings totaled 446 through the end of July, the most for this seven-month period since 2010.” 👀
Article I Sections 9 & 10 of the U.S. Constitution—which limit presidential power over tariffs and protect habeas corpus—have disappeared from Congress’s website. They claim a coding error is to blame.
If it’s the Golden Age & everything is great & the economy is booming & Trump has ended all wars & slayed inflation & everyone is happy & drug prices are down & his approval is at 71% & everyone hates Dems, why would they need to do mid-decade gerrymandering to hold the House?
If you need another reason to not buy Apple products (you know, aside from the human slavery), it's that Tim Cook is a liar & Trump sycophant. This factory was built during the GW Bush Administration. Trump lied the day this photo was shot and said it was built in 2018 bc of him. Cook backed him up.
Also, we're hovering right at the 9d SMA.
This is a day in stock land that will be faded tomorrow. Bounce at a technically meaningless round number (6300) and then nobody but machines trading since with all overhead gaps now filled.
As if people needed another reason to not buy Teslas.
I see why he bankrupted casinos.
substack.com/@lindarey/no...
Also fat. Very fat.
Jessica: I also heard no complaints when Mike Johnson decided to abdicate his job to say actually congress isn't in session anymore because I don't want to have to vote on turning over the Epstein files…. so be equal opportunity in your complaints about fleeing your job
Yeah because most families spend $100 a month on groceries.
FRIEDMAN: “If the behavior this administration has exhibited in just its first six months continues and is amplified for its full four years, the America you know will be gone. And I don’t know how we will get it back.” ‘1984’ is upon us. www.nytimes.com/2025/08/04/o...
$CAT miss. Keep mindlessly flinging money at index funds, though. I have friends who lost a decade of retirement savings in 2008 doing this. I have friends who were zeroed out chasing individual stocks in 2000. This time is not different. Protect your portfolio.