Hello traders
I have been sitting on my hands since my last post. Thanks to InternalTraderNYC to exercise patience. No trades, no harm. But keeping an eagle eye on the daily market chaos.
I know this may come across as "told you so" but whatever I post is always with the goal of bouncing ideas and insights off my fellow trading warriors.
I mentioned the IEEPA and the Court of International Trade as a reminder that there are legal avenues to contest the tariffs in this idea
I had been following any and all developments after the 14 state lawsuit that challenged the validity of using the IEEPA as a pretext to impose the tariffs.
Although I was dubious about any mechanism/court/legislation/congressional action that could moderate the tariffs, the Court of International Trade, based in Manhattan, NY has spoken.
The USD rallied as a result for, oh, so many reasons.
The FOMC interest rate is still the highest of the G7.
Trump's Big Beautiful Bill was already on thin ice with the House because it was predicated on increasing our insane national debt because "tariffs" would pay for the tax cuts for the 1%.
The bond market is already showing signs of US borrowing power becoming cheaper.
There is finally an adult in the room: The Court of International Trade.
Musk has officially departed the employ of the United States Government after criticizing Trump's Big Beautiful Bill. No one knows what happened behind closed doors but what we all know is that no one is allowed to contradict or criticize DJT...
At this point, I'll gloat. :)) I mentioned in one of my Ideas that Musk will be the first to depart the Trump inner circle. Only so much room for two of the biggest three narcissists on the planet. Yup, Putin is number 3.
The FOMC mentioned the "R" word in their minutes that were published today: Recession possibility stemming from trade policy.
Let's see what the US Senate does with this bill.
Stay tuned folks and watch the developments. This mess is far from over. It is all but guaranteed that this will head to the US Supreme Court.
As for trades, I am inserting a link to my previous Christmas Tree chart layout.
tradingview.com/chart/GtpsVqQt/
The most important take away is that the 10Y T-bill is already cheaper for a higher yield.
Best of luck!!!
I have been sitting on my hands since my last post. Thanks to InternalTraderNYC to exercise patience. No trades, no harm. But keeping an eagle eye on the daily market chaos.
I know this may come across as "told you so" but whatever I post is always with the goal of bouncing ideas and insights off my fellow trading warriors.
I mentioned the IEEPA and the Court of International Trade as a reminder that there are legal avenues to contest the tariffs in this idea
I had been following any and all developments after the 14 state lawsuit that challenged the validity of using the IEEPA as a pretext to impose the tariffs.
Although I was dubious about any mechanism/court/legislation/congressional action that could moderate the tariffs, the Court of International Trade, based in Manhattan, NY has spoken.
The USD rallied as a result for, oh, so many reasons.
The FOMC interest rate is still the highest of the G7.
Trump's Big Beautiful Bill was already on thin ice with the House because it was predicated on increasing our insane national debt because "tariffs" would pay for the tax cuts for the 1%.
The bond market is already showing signs of US borrowing power becoming cheaper.
There is finally an adult in the room: The Court of International Trade.
Musk has officially departed the employ of the United States Government after criticizing Trump's Big Beautiful Bill. No one knows what happened behind closed doors but what we all know is that no one is allowed to contradict or criticize DJT...
At this point, I'll gloat. :)) I mentioned in one of my Ideas that Musk will be the first to depart the Trump inner circle. Only so much room for two of the biggest three narcissists on the planet. Yup, Putin is number 3.
The FOMC mentioned the "R" word in their minutes that were published today: Recession possibility stemming from trade policy.
Let's see what the US Senate does with this bill.
Stay tuned folks and watch the developments. This mess is far from over. It is all but guaranteed that this will head to the US Supreme Court.
As for trades, I am inserting a link to my previous Christmas Tree chart layout.
tradingview.com/chart/GtpsVqQt/
The most important take away is that the 10Y T-bill is already cheaper for a higher yield.
Best of luck!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.