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Former President Donald Trump just called for Nancy Pelosi to be prosecuted for insider trading, citing her recent sale of Visa $V shares right before the DOJ lawsuit. 👀
“Nancy Pelosi has a little problem because her husband sold their Visa stock – they had a lot of Visa stock – one day before it was announced that Visa is being sued by the Department of Justice,” the GOP nominee said during a press conference at Trump Tower in New York. The former House speaker’s husband, Paul Pelosi, unloaded 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, financial disclosures show. On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market. “Think of that. Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago,” he said. “You think it was luck? I don’t.” “She should be prosecuted,” Trump declared. “Nancy Pelosi should be prosecuted for that.” Source: NY Post
A headline from 1966.
Some school teachers are now protesting against the use of AI... Human being always struggle with innovation. Source: Jon Erlichman on X
😱 The "shocking chart of the day" that no bulls want to see 😱
Source: Mac10
China shorts are "ALL-IN".
Even more than at *the* Bottom. Source: Macro charts
🔥US STOCK MARKET DOMINANCE KEEPS GROWING🔥
The American stock market accounts for nearly 50% of global market capitalization. It has reached a MASSIVE $55 trillion, or ~200% of US GDP, the most on record. This is almost TRIPLE the value of the Asian and European exchanges. Source: Global Markets Investor, The Daily Shot
GS: China ... Better late than never..
A package of policy stimulus spanning across the monetary policy cohort, and the housing and stock markets was announced on Sep 24 Source: Goldman Sachs through Mike Zaccardi, CFA, CMT, MBA
Amazing. The top 0.01% has grown their wealth about six times faster than the bottom 50% since 1976. 💰
Source: Markets & Mayhem, Bloomberg
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