Quasar Markets

This Memorial Day, Quasar Markets solemnly honors the brave men and women who made the ultimate sacrifice in service to our nation. The freedoms we enjoy today were secured through the courage and sacrifice of those who never returned home. We remember their service. We honor their legacy. We remain profoundly grateful. Quasar Markets

JPMorgan, $JPM, has said the S&P500 can increase more than 20% next year, per BI

BREAKING 🚨: Berkshire Hathaway $BRK.A is now underperforming the S&P 500 by the same margin it was during the run-up to the Global Financial Crisis 🤯👀

Quantum Convergence Accelerates a New Multipolar Order: Peace First, Growth Follows The recent flurry of high-level diplomacy — Trump-Xi in Beijing, followed immediately by Xi-Putin, Rubio’s visit to India, and now Trump’s weekend call with Middle East leaders — is not random. It’s compelling evidence of a shifting multipolar world where peace is the prerequisite for economic growth, and growth is the only foundation that keeps political elites in power. Leaders everywhere understand one fundamental truth: a sufficiently “happy” populace requires jobs, opportunity, and rising living standards. China’s growth has slowed dramatically from its glory years. Russia’s wartime economy is hitting structural limits. India faces currency and infrastructure challenges while harnessing its demographic dividend. Even post-Iran conflict realities have underscored the cost of instability. In this environment, elites are incentivized to de-risk, stabilize, and open channels for trade, energy, and investment. This is managed competition in action — not naive global harmony, but pragmatic deal-making that prioritizes growth over zero-sum confrontation. What makes this moment historic is the accelerating quantum convergence I’ve been outlining in recent posts. The fusion of quantum technologies with AI agents, humanoid robotics, high-performance computing, and autonomous systems is reshaping the global economy at breakneck speed. This isn’t abstract futurism — it’s recombinant power that will drive trillions in new value through breakthroughs in materials, drug discovery, logistics, finance, and manufacturing. In a quantum-convergent world: - Borders blur for talent, data, capital, and supply chains. - Populations over a billion (China and India) face massive job transformation from robotics and automation. - Secure energy, stable markets, and collaborative tech flows become existential for sustained productivity. The rational choice for major powers is clear: embrace the future or risk irrelevance. China is pouring resources into quantum-AI-robotics self-reliance while seeking stable global access. India is positioning as a key node via Quad ties and manufacturing diversification. Russia leverages energy partnerships. Isolation or old-world power plays (endless conflict) would destroy the very growth their legitimacy depends on. The US is firmly leading this future — with deregulation, private capital, talent magnetism, and transactional diplomacy that keeps it at the forefront of commercialization. Trump’s latest Middle East outreach — pushing expanded Abraham Accords and even floating Iran’s potential participation in a broader “World Coalition” if a peace settlement holds — perfectly illustrates this approach: turn conflict zones into prosperity zones, secure energy flows, and clear the runway for tech-driven growth. Europe, by contrast, stands as a cautionary tale. The incomplete EU project (single currency without full union, 27 sovereign states with competing interests) has left it rudderless and fragmented. Heavy regulation, slow decision-making, brain drain of skilled youth to the US, and defensive policies (like Germany’s new exit notification rules for men) are ill-equipped for the agility quantum convergence demands. Without bold internal reform, Europe risks becoming a rule-setter and consumer rather than a shaper of tomorrow’s economy. Bottom line: The diplomatic sequencing we’re witnessing is early proof of a new multipolar order taking shape. Quantum convergence raises the rewards for managed stability and the costs of disruption. Major players have every incentive to coordinate developmental growth around this tech-driven future rather than cling to past-era confrontations. Peace enables growth. Growth sustains legitimacy. And quantum convergence is the accelerator making participation the only viable path forward. The future belongs to those who adapt. History is being written in real time. @QuasarMarkets @qmbigbeat @CryptoHondo @zerohedge @KobeissiLetter #fxeducation #QuantumConvergence #MultipolarWorld #TechFuture #AbrahamAccords

HANDLE THE COVER-UPS FIRST "The moral compass of the world isn't really the Vatican for me. They have their own problems, shall we say." — @qmbigbeat from @QuasarMarkets

NOW: President Trump and VP Vance give a heartfelt salute as 'Taps' echoes across Arlington National Cemetery during the Memorial Day ceremony.

NOW - Trump at Arlington National Cemetery: "In Operation Epic Fury, we lost 13 wonderful souls, wonderful, special people. These incredible men and women gave their lives to ensure that the world's number one state sponsor of terror will never have a nuclear weapon."

🔴 TODAY: The U.S. and Iran near a Hormuz deal, Richard Werner warns about AI-powered CBDC control, and the latest in Bitcoin treasuries. Joining: @the_desert_ape @AlexandreLaizet @david_seroy @borjamartels @lucaatroxom @HankatRoxomTV @qmbigbeat x.com/i/broadcasts/1…

PRESIDENT TRUMP: "Today, we are reminded that there could be no Fourth of July without America’s Armed Forces—and there could be no Independence Day without Memorial Day."

BIGBEAT THESIS: WHEN EMERGING MARKETS SELL U.S. TREASURIES, IT IS OFTEN A SIGNAL THE WORLD IS RAISING CASH, NOT WALKING AWAY FROM AMERICA One of the most misunderstood dynamics in global macro is the assumption that every crisis automatically leads to buying in U.S. Treasuries. That is only partly true. In developed markets, Treasuries often function as the classic flight-to-safety asset. In emerging markets, however, the behavior can reverse. During periods of market stress, dollar scarcity, commodity shocks, capital outflows, or geopolitical instability, emerging-market central banks and sovereign institutions often sell U.S. Treasuries to raise cash, specifically dollars. They are not necessarily reducing faith in the United States. They are accessing the deepest pool of liquidity available in the global financial system. U.S. Treasuries are not just a reserve asset. They are the world’s emergency balance sheet. History supports this clearly. During the March–April 2020 global liquidity crisis, emerging economies sold roughly $283 billion of Treasuries in just two months as the pandemic triggered a violent scramble for dollar funding. Federal Reserve research later concluded that foreign official Treasury sales are especially common when stress originates in or directly impacts emerging markets. We continue to see echoes of that behavior. Reuters recently reported declines in foreign Treasury holdings led by Japan and China, while India’s central bank intervened heavily in currency markets as pressure on the rupee intensified amid higher energy prices and geopolitical uncertainty. The pattern repeats across cycles: when the dollar rises sharply or external financing tightens, reserve managers often liquidate Treasuries not because they want fewer Treasuries, but because they need more cash. The paradox is what makes the Treasury market so important. It is simultaneously the world’s premier safe haven and its primary emergency liquidity source. Countries buy Treasuries in stable periods because they are liquid, dollar-based, yield-bearing, and universally accepted. But in unstable periods, those same features make Treasuries the easiest asset to sell quickly for immediate funding. That distinction matters because Treasury selling during stress can be misread as a geopolitical signal when it is often a liquidity signal. The market can confuse “selling to raise dollars” with “selling because of lost confidence,” and those are very different macro messages. This matters beyond reserve management because emerging-market Treasury sales can feed directly back into U.S. financial conditions. Higher yields tighten global financial conditions, increase borrowing costs, reinforce dollar strength, and place additional pressure on emerging-market currencies and sovereign balance sheets. That can trigger a self-reinforcing loop: stronger dollar, weaker EM currencies, Treasury selling, higher yields, tighter liquidity, and then even more pressure on dollar borrowers worldwide. In that framework, the Treasury market is not merely responding to global stress. It becomes one of the channels through which stress is transmitted globally. The global economy remains profoundly dollar-centric. Trade is settled in dollars. Sovereign and corporate debt is issued in dollars. Commodities are priced in dollars. Reserve portfolios remain heavily dollar-denominated. So when stress arrives, the demand is not simply for “safety.” It is for cash, and more specifically for U.S. dollars. When emerging markets are selling Treasuries, investors should not automatically read it as a rejection of U.S. debt or the dollar. Watch the U.S. dollar, emerging-market FX reserves, oil, Treasury auctions, long-end yields, and central-bank intervention activity. That is where the stress usually surfaces first. In macro, Treasury selling is not always a vote against America. Sometimes it is simply the sound of the global system reaching for dollars.

Threat of catastrophic vapor explosion in Southern California has been eliminated, officials say — though the chance of a tank explosion still exists cnn.it/3RJDHlD

BREAKING: Mexico to host Iran's World Cup team after US refusal, president says 🔴 LIVE updates: aje.news/u37s0w?update=…

Secretary of State Marco Rubio and Jeanette Rubio visit the Taj Mahal.

President Trump lays a wreath at the Tomb of the Unknown Soldier in honor of Memorial Day.

The United Kingdom, France, and other NATO states have blocked a plan under which each member would contribute 0.25% of their GDP to military aid for Ukraine, per the Telegraph

It Won't Be Different - A Matter of Time Federal Reserve easing in 2025, despite the greatest stock market inflation since 1928-29, may be a top force buttressing consumer prices and what parabolic rallies in gold and silver sniffed out. History might view the New York Fed as responsible for beginning to raise its discount rate in 1928, as the stock market bubble surpassed 2x GDP, compared to today's Federal Reserve, which began cutting rates last year despite stock market-cap-to-GDP reaching a similar extreme premium as almost a century ago. The chart highlights what might have shifted to a 10 on a 1-to-10 scale for buoyancy in most markets -- notably metals, cryptos and US Treasury bond yields: the stock market has to keep going up. Affordability has become a central issue in elections, which may augur an approaching endgame for risk assets. Full report on the Bloomberg here: blinks.bloomberg.com/news/stories/t… {BI COMD} #gold #stockmarket #cryptos #bonds #FederalReserve @BBGIntelligence

NOW - Pope Leo XIV: "Artificial Intelligence needs to be disarmed."

BREAKING: S&P 500 futures climbed more than 1% and reached a new record high after Trump called on Iran to join the Abraham Accords. VIA: @KobeissiLetter

#BREAKING: Trump moves to ‘save the sun,’ backs permanent daylight time push under the Sunshine Protection Act.

Russia urges foreign citizens, diplomats to leave Kyiv, saying more strikes to come - Insider Paper

Huawei Technologies said on Monday it will make industry-leading semiconductors using a new technology in five years, underscoring Beijing's efforts to neutralise U.S. sanctions that have made it hard for China to build cutting-edge chips. reuters.com/world/asia-pac…