Good morning STB!
MA in ZH post says plan on nuclear war. This is what I’ve been hinting at all along as Russia and China continue to collapse economically, and Putin and Xi lose their grip as their countries spiral out of control (especially China). Russia’s big problem is they’re getting their butts kicked. They’re running out of ammo and in the end rather than lose all ground gained including Crimea and admit defeat, the nuclear option could present itself. Hopefully cooler heads prevail, but with potential leadership changes in two of the world’s supposed superpowers, at least nuclear, things could get dicey. Russia is militarily impotent, and China has proven its military tech to be mostly fraudulent. The EU wants to neuter Russia, if they push too far, Russia may push back with its final option.
Good v evil
On to the lie -
Minis up 15. 6400 was all I was willing to give SPX. I’ll probably be proven wrong as they’ll max out risk on, pump liquidity and create more FOMO before it all burns down. I’m giving it from today to two years max. They can’t hold on forever. Rate cuts have to come. Powell, the last deep state holdover, may be forced to cut. Bottom line is everything is broken. The banks are in real trouble with the CRE collapse being buried for now, the consumer is tapped out, debt unsustainable, AI inbound, the list is long.
Have a good week.
GL and GB!