Another all-time-high was made during the shortened week for the US stock market before the July 4 holiday weekend. Sentiment of retail investors also recovered to extreme bullish view. Yet, Trump just bombed the world with all kinds of announcements about the tariffs, Powell’s future and other claims to satisfy his ego trip.
I guess a very chaotic July is coming for all the financial markets.
I find this video a good summary of how science ended up not scientific at all. And this is a subject I explained many years ago – when so much sunk cost already made, and that many people’s reputations and careers are on the line, these so-called scientists always end up not accepting the truth and lie their ass off.
Talk of the town of course is the endorsement of stablecoin by Trump’s latest legislation. The impact on the financial markets is huge. This is a short video explaining the ripple effects on the US treasury markets.
So, given this integration of stablecoins into the “real” financial markets – how is it going to impact the fiat currencies like the US dollar? Brent Johnson’s take on the current state of US dollar decline is worth listening to.
I have a not so pleasant long weekend so far for which one of my uninterruptable power supply (UPS) has just died. So we have to schedule a complete shutdown of all the servers powered through this UPS and swap out the UPS with another one.
So I better get back to work now.
Have a great weekend all!
