What just happened?
At 1:00 PM ET, the S&P 500 fell nearly -80 points in 30 minutes without any major "news."
What actually happened was a weak 20Y Bond Auction which sent US Treasury Yields soaring.
Investors MUST watch yields here. Let us explain.
(a thread)
BREAKING: A federal judge in Boston has ruled that the Trump admin violated his order w/ its deportation flight intended for South Sudan & is ordering that the criminal aliens on the plane, which includes 5 convicted murderers, be given credible fear screenings & 15 days to
In 1983, almost 80% of 30-year-olds were married and 50% already owned a home.
Today, it’s 45% and 30%.
The collapse of healthy society and the middle class. A direct result of catastrophic policy and deficit spending. Our leaders borrowed prosperity from future generations.
BOOM.
Elon calls out the Republican budget bill:
“I was disappointed to see the massive spending bill. It undermines the work DOGE has been doing… I think a bill can be big or it could be beautiful, but I don't know if it could be both.”
I’m sorry, but I just can’t stand it anymore.
This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
Shame on those who voted for it: you know you did wrong. You know it.
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The Elon and President Trump fallout was inevitable.
Elon is too principled for politics and President Trump betrays anyone who isn’t blindly loyal to him.
Elon is loyal only to what he believes in.
The Big Beautiful Bill is a disaster and anyone who isn’t partisan can see it.
Friendly Reminder:
If your income has not risen by at least 25% since Covid hit, you are now poorer.
And that is using the government’s own data. The real number is likely 35% plus.
The irony is the world's richest man is fighting for a cause that would most benefit the poorest Americans.
Elon Musk wants to cut excessive government spending—the root cause of inflation.
Inflation rewards the wealthy, who hold appreciating assets. But it punishes the poor,