But Does He Understand It?
Trump Loves Crypto Hi Reader, Here’s what our editors are looking at today… | | | News: Dave Gonigam – Trump’s Bitcoin Pledge “I will be the pro-Bitcoin president,” said Donald Trump over the weekend as he spoke at the Bitcoin 2024 conference in Nashville. Which begs the question: Was he not the pro-Bitcoin president when he was, you know, president of the United States previously? Well, no, he was not. "Bitcoin, it just seems like a scam," he said a few months after leaving office in 2021. "I don't like it because it's another currency competing against the dollar." Uh… it’s still another currency competing against the dollar. Why the change of heart? ⇒ Read More Here | |
America: Sean Ring – Flat As a Pancake Jay Powell and his crew are the archetype of the analyst. They simply can’t make decisions quickly because they’re inundated with data. Time and again, we’re left to swing in the wind while the misguided Keynesian nerds in the Eccles Building argue over tenths of a percentage point. As the Federal Open Market Committee (FOMC) won’t cut this meeting, Jay Powell’s presser is of paramount importance. If he comes out bullish and tells the market it’ll get its rate cut this year, it’ll be party time. If not, we can see more of a sell-off. ⇒ Read More Here | |
Markets: Greg Guenthner – Idiocracy Trades In the nine days since President Biden announced he was shutting down his reelection campaign, a fresh wave of political prognostications has infiltrated my news feed as market pundits adjust to the new race. As Kamala attempts to pull off an upset victory, the questions I’m fielding are blurring the lines between politics and markets. Almost everyone I interact with in my personal and professional life wants to know one thing: What stocks and sectors will outperform if Trump wins, and which ones could benefit from a Harris victory? ⇒ Read More Here That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
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Keep a civil tongue.