tariffied
market vibes
January 27 … 12:20 AM EST)
“May God have mercy on my enemies because I won’t.” General George S. Patton (randomly tweeted out by President Trump last week).
In financial news this wekend:
“For the first time on record, the majority of all trading in US stocks is now consistently occurring outside the country’s exchanges,” according to data compiled by Bloomberg on 1/25/2025. “Using those (alternate) venues helps institutional investors limit information leaking to the market and adversely affecting prices.”
It would be foolish to think in this environment that stocks won’t be looked at, and if that happens there’s a lot find.
Such as: “113X the entire float traded in a single session.” ICYMI…Hester Peirce is the new Chair of the SEC…
The latest rundown on DJT:
Anna Paulina Luna of Florida proposed a bill to put Donald Trump on Mount Rushmore.
He called for a “full and complete audit” into all Ukraine funding. That’s going to a Watergate in itself, imo. Italy may withdraw from the World Health Organization following Trump’s exit last week.
As the Border Tsar sends the bad guys home, the latest voluntary migration is not back to the border but a race to blue state cities from red state apprehensions. This is going to be a sh*tshow in Chi-town, SF, NYC, and wherever sanctuary is still on offer.
He fired 17 Inspectors General and blacked out the FDA, CDC, NIH, and HHS from making public statements until a review of agencies’ alignment can be conducted. RFK Jr.’s HHS confirmation hearing begins on Wednesday. This is definitely one to watch on C-SPAN.
Kash Patel (FBI) and Tulsi Gabbard (DNI) on Thursday. These are all very big: food and drugs, law enforcement, and The Director of National Intel.
In oil news
Trump's declaration of an energy emergency allows him to use Cold War-era powers to fast-track pipelines, expand power grids, and save struggling coal plants (BBG). You know he will. The declaration enables projects to move fast, even if it involves sacred cows and wartime powers. You know he will. Greenland is definitely in play.
Big picture
The most telling words from Trump since his inauguration were directed to BAC’s Moynihan at the WEF last Wednesday. I quote: "I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America. They don’t take conservative business. And I don’t know if the regulators mandated that because of Biden or what, but you and Jamie and everybody, I hope you’re going to open your banks to conservatives because what you’re doing is wrong." BAC pushed back with a plain legal reply, but apparently, 15 states have sued BAC for de-banking (Fox News).
BAC gave up J-6ers credit card info to the FBI and DOJ about who was in DC on Jan. 6, 2021. Those people were arrested, prosecuted for insurrection, and put in jail for several years. Trump pardoned them on Jan. 21. These pardons were very popular whereas Biden’s were very unpopular, especially Fauci.
I think… Trump is telling the banks and plutocratic institutions like the Mag 7, “You are not my people.” He is saying it over and over again in almost every possible way, but the markets were ignoring him until this evening. Let’s have a look at a few unfolding now:
