now try EFA:SPY. Global-ex US from Aug-2001

So are you telling me I should not have put all the family wealth into Fartcoin like that guy on X told me to do? 😱 <this post may also contain sarcasm>

Still no tarriff effects coming through (even in todays figures). Markets are REALLY good at ignoring the inevitable until it actually happens.

fiscal => monetary

Bessant has already made himself a political animal by being Trump's Tres. Sec. and negotiating trade deals. i.e. a Trump "yes" man. Don't know about anyone else but I see this a a BIG problem for US fiscal credibility & ultimately US assets.

Afraid you are going to have to get used to this. It has been the only certainty in Trump's tenure so far.

Donald Truss. But when you do it in an economy with the world reserve currency, the stakes are higher...

We get the second margin call if he does. 🤔

Agreed. This is just a cash raid on markets.

"Liberation Day" AKA the day when the Donald liberates everyone from their hard earned money. Bottom line is he will use the tariff money to pay his taxes and those of his rich friends. In effect you & me will be paying his tax bill. #Griftofthecentury

Even the rampers, pumpers, broker's heralds and iffy MMs are having a bad year. Things must be bad! 😂

I follow fund flows of ETFs (on Finviz. com). It is unclear there is a correlation between flows and returns. e.g. $QQQ ETF has YTD flow +1.2% and returned -4.5%. I would be interested in pointer to any literature that shows any correlation does exist?

Who is on the other side of the trade?

what has actually been said about debt restructuring on foreign UST holders? Only heard rumors. Any links?