It seems that US opinion on Ukraine spending and Zelensky is starting to turn.
These numbers are from CNN which is definitely NOT pro-Trump. 👉 More people now think the U.S. is helping Ukraine too much—up from 7% to 41%. 👉On top of that, trust in Zelensky fell from 72% to under 48%
The idea of XRP, SOLANA and CARDANO in a strategic U.S. reserve is so retarded that even Peter Schiff is becoming a Bitcoin maximalist.
Source: The ₿itcoin Therapist @TheBTCTherapist
Some much needed liquidity is coming...
The TGA (Treasury General Account) is finally getting depleted Here comes the flood: Treasury injects avalanche of cash into the economy ($170BN in 3 days, the most since covid) as debt ceiling extraordinary measures are exhausted. Could this prop up risk? What is the Treasury General Account and why it matters? The TGA is used by the Treasury to hold cash to fund government operations. When the TGA balance is high, it means the Treasury is holding more cash than it is spending. This cash accumulation can occur due to higher-than-expected tax receipts or issuance of Treasury securities. Conversely, when the Treasury spends this cash, it injects liquidity into the financial system. Therefore, the TGA balance is a significant determinant of liquidity in global financial markets. Source: zerohedge
The US government RECESSION has begun:
Government + quasi-government education & health job addition accounts for ~70% of all payroll creation, down from ~85% in Feb 2024. It is expected this will fall even further in the coming months, meaning non-farm payrolls will weaken. Source: BofA
BREAKING - US INFLATION DATA RELEASED - Core PCE YoY 2.6% - lowest since March 2021
BULLISH! YoY Growth: PCE (Jan), 2.5% Vs. 2.5% Est. (prev. 2.6%) Core PCE, 2.6% Vs. 2.6% Est. (prev. 2.8%) MoM Growth: PCE (Jan), 0.3% Vs. 0.3% Est. (prev. 0.3%) Core PCE, 0.3% Vs. 0.3% Est. (prev. 0.2%) Source: @CyclesWithBach, Mike Zaccardi, CFA, CMT, MBA
US equities now have the highest CAPE ratio globally.
More importantly: The tech sector alone is at a staggering ~60x CAPE. Source: Tavi Costa, Bloomberg
U.S. pending home sales have fallen to a new all-time low
Worse than Covid. Worse than 2008. Source: Bloomberg
The End of the Trump Trade?
When Donald Trump won the election on November 5, the so-called "Trump trades" surged—Tesla, crypto, tech, oil, and banks all rallied. But since Trump officially took office on January 20—and especially over the past week—these trades have started to unwind. Source: HolgerZ, Bloomberg
