Michael Prunka
@michaelprunka.bsky.social
Full time marketing professional, part-time problem.
I write a newsletter about hunger and inequality: michaelprunka.substack.com
I write a newsletter about hunger and inequality: michaelprunka.substack.com
I just cant wrap my head around how stupid it is to upend markets with this Powell lawsuit rather than just wait four months for his term to end.
Never mind the fact that Trump can handpick a new Fed chair and still not have the kind of control he seem to want over the Fed.
Never mind the fact that Trump can handpick a new Fed chair and still not have the kind of control he seem to want over the Fed.
January 12, 2026 at 11:43 AM
I just cant wrap my head around how stupid it is to upend markets with this Powell lawsuit rather than just wait four months for his term to end.
Never mind the fact that Trump can handpick a new Fed chair and still not have the kind of control he seem to want over the Fed.
Never mind the fact that Trump can handpick a new Fed chair and still not have the kind of control he seem to want over the Fed.
Reposted by Michael Prunka
Early market chatter today is dominated by last night’s Fed news and Chair Powell’s response
Re early price moves:
Stock futures are lower, government bond yields higher (below), gold above $4,600, and the dollar weaker by 0.4%.
The 2s-10s curve, which we should also keep an eye on, is 2 bps steeper
Re early price moves:
Stock futures are lower, government bond yields higher (below), gold above $4,600, and the dollar weaker by 0.4%.
The 2s-10s curve, which we should also keep an eye on, is 2 bps steeper
January 12, 2026 at 11:34 AM
Early market chatter today is dominated by last night’s Fed news and Chair Powell’s response
Re early price moves:
Stock futures are lower, government bond yields higher (below), gold above $4,600, and the dollar weaker by 0.4%.
The 2s-10s curve, which we should also keep an eye on, is 2 bps steeper
Re early price moves:
Stock futures are lower, government bond yields higher (below), gold above $4,600, and the dollar weaker by 0.4%.
The 2s-10s curve, which we should also keep an eye on, is 2 bps steeper
Markets are reacting just as I’d expect in pre-trading to this significant escalation in Trump’s war against Fed independence.
January 12, 2026 at 11:28 AM
Markets are reacting just as I’d expect in pre-trading to this significant escalation in Trump’s war against Fed independence.
It is obscene to think about the money the Trump administration spend on whatever it’s trying to accomplish in Venezuela.
- $2 million per Tomahawk missile
- $8 million per day per aircraft carrier
All against the backdrop of slashing Medicaid, SNAP, and letting ACA subsidies expire.
- $2 million per Tomahawk missile
- $8 million per day per aircraft carrier
All against the backdrop of slashing Medicaid, SNAP, and letting ACA subsidies expire.
Billions for missiles, pennies for the American family
Precision strikes in Venezuela are being funded by precision cuts to the American safety nets for healthcare, hunger, and more.
open.substack.com
January 11, 2026 at 10:27 PM
It is obscene to think about the money the Trump administration spend on whatever it’s trying to accomplish in Venezuela.
- $2 million per Tomahawk missile
- $8 million per day per aircraft carrier
All against the backdrop of slashing Medicaid, SNAP, and letting ACA subsidies expire.
- $2 million per Tomahawk missile
- $8 million per day per aircraft carrier
All against the backdrop of slashing Medicaid, SNAP, and letting ACA subsidies expire.
When JD Vance says Denmark has done a bad job running Greenland, I find it equal parts funny and sad considering the U.S. is the country that accepts things like medical debt and kids being gunned down in schools as unavoidable realities.
January 11, 2026 at 5:07 PM
When JD Vance says Denmark has done a bad job running Greenland, I find it equal parts funny and sad considering the U.S. is the country that accepts things like medical debt and kids being gunned down in schools as unavoidable realities.
The last thing I need in my life is another social media platform but I have a newsletter to promote so here I am.
January 11, 2026 at 5:04 PM
The last thing I need in my life is another social media platform but I have a newsletter to promote so here I am.