Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
S&P: We are currently just above the Buffoon BLINK Bounce close but still slightly below the 50% Fibo retracement level. More data to support the likely creation of a trading range. Until we take out both of those^ AND the 61.8% retracement, we consider this market action highly predictable and tradeable, and expect it to last at least 6 months.
Treasury Sec: We did NOT meet with the Chinese. Buffoon: We met with the Chinese this morning. Question: Hmm...So then, which individuals met with the Chinese? Buffoon: (crickets)
COVID-19 vaccines were developed in record time and helped save many lives worldwide. What's the plan to prevent an international economic cataclysm caused by the imprudent actions of a delusional, but very influential, head of state?
Treasury Sec: We did NOT meet with the Chinese. Buffoon: We met with the Chinese this morning. Question: Hmm...So then, which individuals met with the Chinese? Buffoon: (crickets)
BREAKING: Billionaire MAGA megadonor Ken Griffin incinerates Donald Trump over his disastrous tariffs and says that America has "has become 20 percent poorer in four weeks." Even hardcore Republicans supporters are running for the hills now... "The United States was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country," Griffin said at the Semafor World Economy Summit. "It was like an aspiration for most the world. And we’re eroding that brand right now." Griffin, the founder and CEO of the hedge fund Citadel, said that it can take "a lifetime to repair the damage that has been done" to our nation's reputation. "If you think of your behavior as a consumer, how many times do you buy a product with a brand on it because you trust that brand?" he said. "In the financial markets, no brand compares to the brand of the US Treasuries — the strength of the US dollar and the strength and creditworthiness of US Treasuries. No brand came close. We put that brand at risk." Griffin compared America to a luxury brand dressmaker who destroys their company by sinking into scandal. "You know, you can buy like a similar dress with no name for less money, but you want the dress that you think is going to not fall apart in two weeks,” Griffin said. "It can take a very long time — a very long time — to remove the tarnish on a brand." He went on to say that the deflation of the U.S. dollar coupled with chaotic and unpredictable economic policy and Trump's attacks on Federal Reserve Chair Jerome Powell is a recipe for disaster. Griffin then directly criticized Trump's destructive tariffs, saying that they will not lead to any kind of victories but will force those involved to "tread water and not drown." He also destroyed the absurd claim that the tariffs will somehow magically bring manufacturing back to the United States despite the Trump administration failing to incentivize such reshoring with robust subsides. "I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America because with the policy volatility, you actually undermine the very goal you’re trying to achieve," said Griffin. He went on to point out the damage being inflicted on our relationships with our closest allies— "How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?" Griffin asked. "And some people scream, ‘Well, it just doesn’t matter.’ But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis," he added. This is what happens when you elect an incompetent egomaniac with no understanding of geopolitics or the complex economic systems that hold the world together. Donald Trump operates on instinct and his instincts are always wrong. Please like and share!
@Crash is spot on. There is NO discussion with China. They have made it clear that the negotiations will be on their terms, not Trump. China has been preparing for this trade conflict. Nicholas Boris of Seafarer fund provides an in-depth discussion: .
Here are the facts: 1. China has 90% of market share on rare earth metals. These are the key ingredients to manufacture semiconductors ( chipsets), EV batteries, magnets, and military devices, it is too late for other countries to catch up in my opinion. 2. Other agriculture suppliers have been developed.through Belt and Roads Initiative. US is no longer the sole supplier. Soy bean and pork are two targets that will hit the red states badly.
These two points by themselves are “checkmate” to Trump’s trade war with China. Let see how this plays out in the negotiations and they have the leverage.
billionaires who funded 3! rounds of trump propaganda for the uneducated masses now regrets they have no means to reverse the brainwashing. anybody thinks trump cares?
Treasury Sec: No, we did NOT meet with the Chinese.
Orange Buffoon: We met with the Chinese this morning. [accordion hands]
Reporter: I see .. So then, which individuals have met with the Chinese and what was discussed?
Orange Buffoon: [loooong pause] We're doing better than we were under Joe Biden and Kamala Harris and getting the immigration under control and protecting our borders... [frantic accordion hands now]
Well, he starred on the Apprentice for many seasons. He is fully qualified, but for what "office" I don't know. Maybe he should have been on the Office TV series.
It takes a special brand of con man to file so many bankruptcies and STILL be considered a great financial negotiator...at least, in the eyes of some poor souls.
@JD …. “Four more years.” Four more years? It’s not by coincidence that this regime has gone to great lengths to secure control of the levers of power. If his health allows,,,, 2028 might just be a four digit number. Or in plain language,,,, if he can’t steal an election,,,, why have one at all.?
I just read that report re: the Time interview. No surprise. They called his bluff. He changed the subject and took credit for everything, when in fact, there's been zero success on the "tariff front." Such a childish, pathetic, narcissist. With precisely ZERO integrity.
"President Donald Trump, while en route to Italy for Pope Francis’ funeral, seemed to be more focused on football. The president criticized NFL team owners on Truth Social for opting against drafting former Colorado quarterback Shedeur Sanders, son of Hall of Fame receiver Deion Sanders, in the first round Thursday. “What is wrong with NFL owners, are they STUPID?” wrote Trump, whose apparent grudge against the league goes back decades and includes several unsuccessful attempts at buying a team.
“Deion Sanders was a great college football player, and was even greater in the NFL. He’s also a very good coach, streetwise and smart! Therefore, Shedeur, his quarterback son, has PHENOMENAL GENES, and is all set for Greatness.”
Sanders should be drafted “immediately,” Trump added."
This is the dude leading your country now. This is the POTUS. Where are his priorities? I do not believe that we can continue like this for too long.
Yet, a large plurality voted him into office---AGAIN. Seems to me that holding any hope for the country entails an expectation that about half the country will grow a spine and a brain and a conscience, rather quickly. Chances? Nil.
Yet, a large plurality voted him into office---AGAIN. Seems to me that holding any hope for the country entails an expectation that about half the country will grow a spine and a brain and a conscience, rather quickly. Chances? Nil.
@Crash, I'm a little more optimistic; 5% with spine and brain growth (or maybe slightly more for insurance) would be just enough. even counting the usual level of dirty tricks and outright cheating on the right. Dump's approval rate among independents as of early this last week is 29% (NY Times-Sienna poll.)
Comments
https://paulkrugman.substack.com/p/trump-is-a-virus
"...And this time there won’t be a vaccine coming to our rescue. We’re stuck with this chaos agent for three years and three months."
Hmmm...That's wishful thinking. But scoring at home, I got it at three years, nine months!
Buffoon: We met with the Chinese this morning.
Question: Hmm...So then, which individuals met with the Chinese?
Buffoon: (crickets)
What's the plan to prevent an international economic cataclysm caused by the imprudent actions
of a delusional, but very influential, head of state?
He thinks he's getting immunity forever.....the official Trump merchandise store is now selling caps embroidered with “Trump 2028” for $50.
-----
BREAKING: Billionaire MAGA megadonor Ken Griffin incinerates Donald Trump over his disastrous tariffs and says that America has "has become 20 percent poorer in four weeks."
Even hardcore Republicans supporters are running for the hills now...
"The United States was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country," Griffin said at the Semafor World Economy Summit. "It was like an aspiration for most the world. And we’re eroding that brand right now."
Griffin, the founder and CEO of the hedge fund Citadel, said that it can take "a lifetime to repair the damage that has been done" to our nation's reputation.
"If you think of your behavior as a consumer, how many times do you buy a product with a brand on it because you trust that brand?" he said. "In the financial markets, no brand compares to the brand of the US Treasuries — the strength of the US dollar and the strength and creditworthiness of US Treasuries. No brand came close. We put that brand at risk."
Griffin compared America to a luxury brand dressmaker who destroys their company by sinking into scandal.
"You know, you can buy like a similar dress with no name for less money, but you want the dress that you think is going to not fall apart in two weeks,” Griffin said. "It can take a very long time — a very long time — to remove the tarnish on a brand."
He went on to say that the deflation of the U.S. dollar coupled with chaotic and unpredictable economic policy and Trump's attacks on Federal Reserve Chair Jerome Powell is a recipe for disaster.
Griffin then directly criticized Trump's destructive tariffs, saying that they will not lead to any kind of victories but will force those involved to "tread water and not drown."
He also destroyed the absurd claim that the tariffs will somehow magically bring manufacturing back to the United States despite the Trump administration failing to incentivize such reshoring with robust subsides.
"I’ll tell you what’s not going to happen is, people are not going to raise [money] to build manufacturing in America because with the policy volatility, you actually undermine the very goal you’re trying to achieve," said Griffin.
He went on to point out the damage being inflicted on our relationships with our closest allies—
"How does Canada feel about our country today versus two months ago? How does Europe feel about the United States today versus two months ago?" Griffin asked.
"And some people scream, ‘Well, it just doesn’t matter.’ But you know what? It matters for a very profound reason. The entire Western world is engulfed in a debt crisis," he added.
This is what happens when you elect an incompetent egomaniac with no understanding of geopolitics or the complex economic systems that hold the world together. Donald Trump operates on instinct and his instincts are always wrong.
Please like and share!
We need more courageous Republicans to speak out against this nonsense.
https://www.cnbc.com/2025/04/24/china-says-no-talks-with-the-us-on-trade-calls-for-canceling-unilateral-tariffs.html
.
Here are the facts:
1. China has 90% of market share on rare earth metals. These are the key ingredients to manufacture semiconductors ( chipsets), EV batteries, magnets, and military devices, it is too late for other countries to catch up in my opinion.
2. Other agriculture suppliers have been developed.through Belt and Roads Initiative. US is no longer the sole supplier. Soy bean and pork are two targets that will hit the red states badly.
These two points by themselves are “checkmate” to Trump’s trade war with China. Let see how this plays out in the negotiations and they have the leverage.
anybody thinks trump cares?
Treasury Sec: No, we did NOT meet with the Chinese.
Orange Buffoon: We met with the Chinese this morning. [accordion hands]
Reporter: I see .. So then, which individuals have met with the Chinese and what was discussed?
Orange Buffoon: [loooong pause] We're doing better than we were under Joe Biden and Kamala Harris and getting the immigration under control and protecting our borders... [frantic accordion hands now]
It takes a special brand of con man to file so many bankruptcies and STILL be considered a great financial negotiator...at least, in the eyes of some poor souls.
We get almost 4 more years of the Accordian.
Announcing 'trade deals' is going to become the 2025 version of 'Infrastructure Week' I think...
https://www.mediaite.com/news/trump-stuns-time-magazine-with-outlandish-claim-when-they-confront-him-on-zero-trade-deals/
uh Mr. President, this is an Arby's.
"President Donald Trump, while en route to Italy for Pope Francis’ funeral, seemed to be more focused on football. The president criticized NFL team owners on Truth Social for opting against drafting former Colorado quarterback Shedeur Sanders, son of Hall of Fame receiver Deion Sanders, in the first round Thursday. “What is wrong with NFL owners, are they STUPID?” wrote Trump, whose apparent grudge against the league goes back decades and includes several unsuccessful attempts at buying a team.
“Deion Sanders was a great college football player, and was even greater in the NFL. He’s also a very good coach, streetwise and smart! Therefore, Shedeur, his quarterback son, has PHENOMENAL GENES, and is all set for Greatness.”
Sanders should be drafted “immediately,” Trump added."
This is the dude leading your country now. This is the POTUS. Where are his priorities? I do not believe that we can continue like this for too long.
He sure likes talking about people's genes....