My son loves lemonade. So, I start a lemonade stand to sell him lemonade. He has no money to buy my lemonade. So, I create an LLC for him, and I invest $10 in that LLC for a 10% stake. He takes my investment, buys my lemonade, and drinks that lemonade. I report revenue for my…
At public events, why can't we have autonomous drones lapping the perimeter and flagging suspicious persons? The tech is there, and it's not expensive. Might have prevented both @realDonaldTrump and @charliekirk11 shootings.
*TRUMP ADDS BULLARD, SUMERLIN TO FED CHAIR CANDIDATE LIST: WSJ
Bullard has been the most grounded, prescient Fed governor in recent history... he'd be good
In 1H'25, the SP500's EPS CAGR since 2019 was +7%.
In 2019, the 5yr CAGR was +7%.
In 2019, the average 10-year yield was 2%.
Today it's >4%.
In Dec'19, the forward EPS multiple was 18x.
Today it's 22x.
From a mosaic of various policy/legal experts, my understanding of base case: (A) there are plenty of other statutes by which Trump can impose tariffs, and (B) the supreme court is likely to side with Trump on IEPA. If correct, then the same destination - just the path is even…
Beyond trade, Trump's empty threats and false bravado call into question U.S. military commitment to allies and Taiwan in particular. If we're incapable of tolerating a few weeks of inconvenience and market volatility, why would China ever believe we'll put military assets in…
Worse yet, seeing the success of China's stonewall strategy... other trading partners are likely to slow-roll negotiations. None have the leverage that China has, but the message has nevertheless be sent and received: "it pays to wait."
@briangobosox imo, the answer is the same as "why is SPX up so much?" Initially Trump was taking bold action and disregarding the market. SPX was pricing in a prolonged, painful standoff between 🇺🇸🇨🇳. But 🇨🇳 didn't budge, and Trump did. It is now obvious to everyone that Trump cannot stomach…
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