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So… now what is our current system bias pivot ?

The last 10-days have been unlike any 10-day period in the market since 1950. First, the S&P 500 is up 9.8% in 10-days, which is in the 99.7th percentile of all 10 day returns.

Walking a golf course is more enjoyable than riding in a cart. Agree or disagree?

I try not to get ahead of myself, trouble without seeing targets 1 at a time . 7030.25, 7031.25 NRO by tomorrow.

I just went max bearish equities. However plenty of bull cases exist. The six big things that can make me wrong 1) Collapse of long term oil prices back to the low's 2) The passage of a highly stimulative fiscal package or reconcilliation 3) Manipulation of the Treasury Issuance such that they issue less duration and more bills, and Fed Balance sheet manipulation - These things are really bad for USD 4) AI ROI for all spenders on picks and shovels surprises on the upside vs already lofty earnings expectations AND margin doesnt come from firing workers. 5) Fed cuts short rates more than expected 6) Investors, companies, and banks lever up more than expected to invest and consume (Animal spirits accelerate and persist.) Which absorbs the massive overhang of issuance of government bonds, corporate bonds, IPO's etc which elevated growth expectations depend without a decline in prices, rise in yields.

Alexander Solzhenitsyn gave the most controversial speech *against* Western Civilization at Harvard in 1978. As a survivor of the Russian Gulags, they expected him to praise the West. Instead, he made a jarring accusation: The West is a dying civilization. If it doesn't change its ways, it is doomed to collapse. In fact, he said this has been the case for 500 years, when the West made a crucial mistake: "How did the West decline from its triumphal march to its present debility? ...the mistake must be at the root, at the very foundation of thought in modern times. I refer to the prevailing Western view of the world which was born in the Renaissance… I refer to humanism — the proclaimed autonomy of man from any higher force above him." Solzhenitsyn said humanism made man autonomous from God, Truth, and objective morality. If all morality is subjective, then man has nothing to live nor die for. Naturally, he loses his courage, embraces materialism, and grows effeminate to modern evils. So, what is the solution? A return to belief in a transcendental morality under God: "If, as claimed by humanism, man were born only to be happy, he would not be born to die. Since his body is doomed to death, his task on earth evidently must be more spiritual… The fulfillment of a permanent, earnest duty so that one’s life journey may become above all an experience of moral growth: to leave life a better human being than one started it." All cultures live, or die, based on their respect of the True, Good, and Beautiful. To save the West, Solzhenitsyn says start with beautifying your soul, for that is both how you live well, and begin to make civilization itself beautiful again.

🚨 WOW. Border Czar Tom Homan just gave the PERFECT response to Pope Leo "I'm a lifelong Catholic. I wish they'd STAY OUT of immigration, they don't know what they're talking about." "Because if they wore my shoes for 40 years, and talked to a 9-year-old girl that got r*ped multiple times, or stood in the back of a tractor trailer with 19 dead aliens at my feet, including a 5-year-old boy that baked to death, if they understood the atrocities that happened on the open border, I think their opinion would change!" "And I welcome discussion with any of them, because they don't understand illegal immigration is not a victimless crime." "Where President Trump had the most secure border in the lifetime of this nation, right now, lives are being saved. He's saving thousands of lives a year because he has a secure border!" "Human traffickers are out of business, right? The cartels are going bankrupt because of that secure border. I wish they'd understand that." "Because if they did, I think they'd have a different opinion." Mic drop.