See, this is what I mean about someone else’s sandbox.
It seems that the Secretary of the Treasury was making comments in a closed to the public, JP Morgan organized ‘investor summit’. Who was invited to this summit? Only the largest hedge fund managers and private investors, most of whom were also large donors to the Trump campaign.
Those comments, on Tuesday morning, indicated that the Secretary believed that the situation with China was ‘unsustainable’ and that he ‘expected the situation to de-escalate’.
And GUESS WHAT? on Tuesday afternoon, after the markets had closed and the S&P had gained 2.5% and the Dow was up over a thousand points, the White House confirmed all of those comments — with Trump doing a major turnaround cave in to China.
You just CANNOT play in someone else’s sandbox. It is a recipe for disaster.
Besides that, may I say that the corruption from this Administration is not only unprecedented and shocking, it is becoming more and more transparent and shameless. Wittkoff negotiating with Putin in Russia — while his son Zach helps run the new crypto business housing unregulated ‘stablecoins’ with Trump’s sons. Apparently, father Steve was very impressed with the Russian dictator. I wonder what else they were discussing besides the war with Ukraine? (BTW, that negotiation now seems to be failed and over).
So, in the midst of all this, what can I tell you, my subscribers and friends, on how to safely and profitably invest?
Maybe I should tell you to put your money in with Eric Trump and Zach Witkoff.
Or, maybe you should put your money in with one of the Trump donor attendees of the JP Morgan ‘summit’.
What’s the matter? Don’t you have the $25 million buy-in to be a part of either laying around? Didn’t drop a couple million into the President’s meme coin, or inauguration fund?
Well, I guess you’re just shit out of luck, then. Just like me.
Here’s what I CAN tell you. I think the damage has been done, and at least some of it can’t be undone. I think the “SELL THE US” trade is REAL. I think that there is a reason that Hungary went from one of the top rising economies in Europe to be currently the poorest, and Venezuela went into a similar swoon. Both coincided with the rise of Orban and Maduro. There’s a reason Russia, despite being one of the three superpowers, has the 11th ranked economy in the world.
Seems that autocracy and unfettered corruption is a disincentive to productivity and growth. WHO KNEW?
I’ve been taking some cash and finding European index funds to diversify into, as well as finding other fixed income ideas to park capital for the long-haul. All I’ve got so far is a generic Vanguard European Index fund (VEUSX). More specific ideas to come — stand by.
Because this rally you’ll see today and maybe for the next few days — the one that the big donors got in on yesterday? I think it absolutely HAS to be sold.
That’s all for today
dan@dandicker.com
