Trump Will Host Crypto Summit at the White House Next Friday…
What Does It Mean – President Donald Trump plans to host a pioneering cryptocurrency summit at the White House on March 7, 2025, signaling a strategic pivot toward integrating digital assets into U.S. economic policy. The event aims to address regulatory frameworks and explore a national crypto reserve, building on Trump’s campaign promises to bolster digital finance innovation. Key discussions will likely focus on countering perceived overregulation from the prior administration, with industry leaders advocating for clearer guidelines to foster blockchain adoption. This summit underscores a potential shift in federal priorities, aiming to position the U.S. as a global crypto leader. Read more.
Bessent Says He Sees Inflation Reaching Fed’s 2% Target Quickly…
What Does It Mean – Treasury Secretary Scott Bessent forecasts a swift decline in U.S. consumer price inflation to the Federal Reserve’s 2% target, despite planned tariffs under President Trump’s economic strategy. He advocates a comprehensive approach blending tariffs with deregulation and increased domestic energy production to curb costs over time. Bessent cites declining mortgage rates and 10-year Treasury yields as early indicators of easing inflationary pressures. Addressing public concerns about affordability, he dismisses tariff-driven price hike fears, emphasizing long-term stabilization. This outlook aligns with Trump’s mandate to prioritize inflation control, projecting economic relief within 6-12 months. Read more.
Dollar Bears Seize on Notion of Crumbling US Exceptionalism…
What Does It Mean – Analysts predict a weakening U.S. dollar as perceptions of declining U.S. exceptionalism grow, driven by fiscal imbalances and shifting global economic dynamics. Bearish investors highlight a projected 2025 budget deficit exceeding $2 trillion and reduced foreign capital inflows as key pressures. The dollar’s 2024 rally, fueled by high Treasury yields, is expected to reverse with anticipated Federal Reserve rate cuts. Technical indicators suggest a potential drop below the 200-day moving average, signaling a bearish trend. This shift challenges the dollar’s reserve currency dominance, with implications for global trade. Read more.
China’s Congress to Chart Course for Global Commodities Prices…
What Does It Mean – China’s National People’s Congress, convening in March 2025, is poised to shape global commodities markets through its economic policy directives. Analysts expect a focus on stimulus measures to counter deflationary pressures, targeting a 5% GDP growth rate despite structural challenges like a property sector slump. Increased infrastructure spending and energy Transition investments could boost demand for metals and fossil fuels, influencing prices worldwide. However, subdued consumer confidence may limit short-term impacts. The congress’s outcomes will signal China’s commodity consumption trajectory, critical for traders monitoring supply-demand dynamics. Read more.
Thieves used a stolen card to buy a $523,000 lottery ticket. The victim wants to share the winnings…
Thieves used a stolen card to buy a winning French lottery ticket worth 500,000 euros ($523,000). But they vanished before cashing in —- and now they’re among France’s most famous fugitives.
The man whose card was stolen, identified in police documents as Jean-David E., is offering to split the cash with the lucky winners. He wants his wallet back, too.
The thieves, meanwhile, face the risk of arrest. As of Saturday, the state lottery operator La Française des Jeux, or FDJ, said that no one had submitted the ticket to cash out.
Jean-David discovered earlier this month that his backpack had been stolen from his car in the southern city of Toulouse, including bank cards and other documents, the lawyer said. Jean-David asked his bank to block the card and learned it had already been used in a local shop.
At the shop, a vendor told him two apparently homeless men had used one of his cards to buy the winning scratch-off lottery ticket.
“They were so totally happy that they forgot their cigarettes and their belongings and walked out like crazy people,” Debuisson said.
“When the facts change, I change my mind.
What do you do?” ~ John Maynard Keynes
Our plan is “the plan will change.”
What is your plan?
Relative strength measures the price performance of a stock against a market average, a selected universe of stocks or a single alternative holding. Relative strength improves if it rises faster in an uptrend, or falls less in a downtrend. It is easily applied to individual positions in your portfolio and to sectors and asset classes.
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