Anybody Buying Yet? Where’s the Bottom?

[NDGuy]

anyone who watched today’s press conference can clearly see the guy has lost his marbles. The hope that Congress will step up is the only thing holding this together. But yeah, letting him rant about Greenland and such takes away talk about the Epstein files.

In other good news.
- Amazon CEO stating that tariffs are starting to raise prices.
- Denmark saying it will sell all US treasuries (Bessent has to be less than thrilled with that)
- sprinkle in the Japan mess

All the ingredients for volatility and the VIX is 20.

Believe it or not calls

 

[SAJ-99]

Believe it or not calls

good bet. Hope you took profits early.

 

[westbranch]

I bought some Pulsar Helium a few months ago. Jumped in the last couple days on test results.

 

[NDGuy]

good bet. Hope you took profits early.

You can count on Taco to reverse stance

 

[SAJ-99]

You can count on Taco to reverse stance

My take is nothing was really reversed. The market reacted to him "not using force" on Greenland but mostly is was a word salad that had those words and ended up sounding more like "we'll see". Given his past experience in negotiating NY RE, he isn't giving up any power he might have much less the biggest one.
The selloff came when EU said they were not interested in negotiating anything. Tariffs are still on, but market still betting on TACO. It seems the market itself (selloffs and recoveries) and the polling will determine what happens.

 

[SAJ-99]

My take is nothing was really reversed. The market reacted to him "not using force" on Greenland but mostly is was a word salad that had those words and ended up sounding more like "we'll see". Given his past experience in negotiating NY RE, he isn't giving up any power he might have much less the biggest one.
The selloff came when EU said they were not interested in negotiating anything. Tariffs are still on, but market still betting on TACO. It seems the market itself (selloffs and recoveries) and the polling will determine what happens.

Oops, he just TACO'd.

 

[TOGIE]

Oops, he just TACO'd.

no no no

he just negotiated a DEAL!

weirdly, with a man that doesn't represent Denmark, Greenland, or the EU...

 

[SAJ-99]

no no no

he just negotiated a DEAL!

weirdly, with a man that doesn't represent Denmark, Greenland, or the EU...

He negotiated the framework of a future deal.