This is $1 trillion in stacks of $100s. The US currently has $36 trillion in debt.
Source: X
BREAKING: Donald Trump and his team are reportedly debating “how much” to invade Mexico once he takes office, per the Independent.
Trump and his transition team staff are discussing a “soft invasion” of the country, Rolling Stone reported. Source: Win Smart, CFA,@WinfieldSmart
JUST IN - US MACRO DATA RELEASED ⚡
👉 GDP (Q3), 3.1% Vs. 2.8% Est. (prev. 2.8%) 👉Jobless Claims, 220K Vs. 230K Est. (prev. 242K) 👉PCE Prices (Q3), 1.5% Vs. 1.5% Est. (prev. 2.5%) 👉Core PCE (Q3), 2.2% Vs. 2.1% Est. (prev. 2.8%)
Is this the Santa Rally?
US Mortgage Rates Surged Back Over 7% Today Source: Amy Nixon on X
America's massive leverage summarized in one chart
Source: The Rabbit Hole
BREAKING - Trump tells NBC he'd support abolishing the debt ceiling, calling it 'the smartest thing Congress could do' and suggesting it's more psychological than practical.
President-elect Donald Trump expressed support for abolishing the debt ceiling, calling it a "meaningless concept" that Congress should eliminate entirely. Speaking to NBC News, Trump suggested that removing the debt ceiling would be the "smartest thing" lawmakers could do and offered to lead the charge if Democrats pursue it. He also criticized a recent funding deal reached by Congress, labeling it a "Democrat trap" and questioning House Speaker Mike Johnson’s leadership. Trump suggested a potential government shutdown could help set the stage for his administration, and revealed he had discussed the funding deal with Elon Musk, aligning their views on cost-related issues. Source GNF - Global News First
"The MSCI US now accounts for a staggering 74% of the market capitalization of the All Country World MSCI."
Source: Yardeni
US stocks now make up 65% of the global equity market, their highest weighting in history.
This is more than 11x bigger than the second largest country by market cap (Japan at 5.5%). Source; Charlie Bilello
