Horrible Congressman Thomas Massie put out an old Endorsement, from many years ago, of him by me long before I found out that he was the Worst Congressman in the History of our Country. I endorsed Ed Gallrein, a true American Patriot, which Massie knows full well, so the statement that he put out is fraudulent, just like HE is fraudulent. WITHDRAW YOUR FAKE STATEMENT, MASSIE, RIGHT NOW! President DONALD J. TRUMP
BREAKING: The average price of ground beef in the US is now up to a record $6.90 per pound.
On a non-seasonally adjusted basis, ground beef prices have exceeded $7.00 per pound for the first time in history.
Prices have surged +77% since January 2020, when they stood at $3.89 per pound.
Furthermore, the average price of uncooked beef steaks is up to a record $13.02 per pound, surging +70% since January 2020.
Ground beef prices have now DOUBLED since 2013.
Food inflation is running hotter than ever.
Going back to 1928:
The worst returns for the S&P 500 have occurred under a Republican president with a Democratic Congress or split Congress.
The best returns have occurred under a Democratic president with a split Congress.
Republican sweeps and Democratic sweeps offer similar returns.
$SPY: mini-pullback to 700 near-term is likely coming at us. A longer correction to close the TACO gap from 4/8 is more remote, but possible into the summer.
This is incredible:
Elon Musk will receive 200 million super-voting shares in SpaceX ONLY IF the company establishes a permanent Mars colony with at least 1 million people.
In other words, Elon Musk will only receive this pay package if 1 million people live on Mars.
In other words, Elon Musk's biggest goal is now establishing a colony on Mars with a similar population as Dallas, Texas.
Musk is so optimistic about this goal that the vast majority of his pay is now contingent on it.
Life on Mars is closer than many expect.
@KobeissiLetter Strength is the only language respected in a world of wolves. If they want to freeze the channels, let them stay cold until they realize that 'America First' isn't just a slogan…it's a survival warning.
BREAKING: Iran responds after President Trump says their “entire civilization will die tonight:”
“All diplomatic channels and indirect talks have been frozen after President Trump's recent threats,” Iran says.
BREAKING: Iran's IRGC issues a warning that they will target 18 US technology companies if the US continues "targeted assassinations" of Iranian leaders, beginning on April 1st.
The companies include Nvidia, Apple, Microsoft, Google, Tesla, Intel, Oracle, IBM, Meta, Boeing, and others.
@KobeissiLetter Trump playing 4D chess willing to end the war even if Hormuz stays closed short-term. Main goals achieved + diplomatic pressure next. No wonder stock futures are pumping. This de escalation is pure bullish fuel for risk on assets
BREAKING: President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed, per WSJ.
Details include:
1. Trump and his aides assessed that a mission to reopen Hormuz would push the conflict beyond his timeline 4-6 weeks
2. Trump believes the US should achieve its main goals of destroying Iran’s navy and missile stockpiles
3. Trump thinks he can wind down current hostilities while pressuring Iran diplomatically to resume the "free flow of trade"
4. If that fails, Washington would press allies in Europe and the Gulf to take the lead on reopening the Strait, US officials say
US stock market futures are rising on the news.
@Bzerker_@digital_kimchii@TradingThomas3 Trump is the greatest president America has had since Reagan. Next up is Vance. Get ready, the MAGA movement is not leaving
BREAKING: President Trump and top White House officials have been told that Iran's counter-proposal to the US' peace proposal will be released today, per CBS News.
Turn on our post notifications on at @KobeissiLetter for Iran's response in real-time along with our analysis.
$TSM: I don't normally trade the H&S topping pattern -- too unreliable -- but it is noteworthy when they show up on very strong stocks. Here the break of the 50sma was the first sign something was wrong. #IBDPartner@MarketSurge@IBDinvestors
BREAKING: President Trump comments on reports that Iran has placed mines in the Strait of Hormuz:
“If for any reason mines were placed, and they are not removed forthwith, the Military consequences to Iran will be at a level never seen before.”
$TSLA long was tempting this morning when it was green as a FTD but now red and so the safe bet is to wait until this new downtrend ends. Not there yet.
Bitty update: $IBIT $GBTC $ARKB $BITI $BITO $BITU
I was too bearish from my early November prediction but we did hit my 75k target, just later than expected. Not gonna get a 90k run in March either...that was clearly too bullish. But the original bottom price of 50k is in play...not sure about the bearish drop to 35k. 50k in May?