EASY MONEY, GOLD, CRYPTO, TARIFFS AND MORE

Leaked: Treasury Secretary Scott Bessent could tap into Treasury’s $1 trillion General Account to buy back bonds! So yields down this morning. He tried something last week with yields selling down for one day and turned right back up. Hey…let’s double down. No. Let’s $1 trillion down!  Let us be quite blunt! If you wanted another big dose of inflation, this is how you do it. We thought we got rid of Jay Powell.

This takes us to GOLD and CRYPTO. CRYPTO bottomed last Wednesday with that huge volume bar above the bear market low resistance. GOLD bottomed August 5th with that gap move above the 50 day moving average. Both stretched, extended and overbought but overbought can get get more overbought especially when you have the Treasury Secretary imitating Jay Powell. Do you think we like what he is doing? What happened to the free market Republicans? Never mind! We know! Easy money!

SEMIS/AI remain bearish. They tried bouncing after an initial big drop and failed miserably. Even the strongest cannot get going and are below the 50 day moving average with many names way, way down in their bearish phase. NVIDIA reports this week. Expect big numbers, big talk and nothing bad but just watch price.

Moderna/Merck…as we always state…we are the greatest in technological advancement and medical breakthroughs. This one can be huge. This lifted the whole pharma/biotech complex in sympathy.

So let’s see. Tariffs are paid by others. Tariffs are the greatest. But let’s lower tariffs on beef to lower prices on beef. Confused?

The DSA…we call in stand up comedy. Do not forget, socialism, marxism, communism have nothing to do with helping people. It has everything to do with control by the few. They can never explain away how things work and how they could work. In fact, their ideas are just plain dumb. The problem? How do you think they were able to get this far?