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scctrader.bsky.social
Macro trading of global markets. Former investment banker, hedge fund CIO. The ideas are mine, form your own.
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BREAKING: US pauses all current military aid to Ukraine, per Bloomberg.

TASS, the largest Russian-state news agency was allowed into the press conference. I doubt that was an accident. That was the intended audience. Trump and Vance wanted to show daddy Putin that they were good little boys. This was an ambush. Nothing less.

Microstrategy trades at a large premium to the underlying assets. That’s hard to fathom. It is down 47% from the highs late last year. The holdings of bitcoin are a 37% gain to current prices. That doesn’t seem enough if they had to liquidate given they borrowed to buy. There is going to be a fire.

Smart move by the RBA. The policies of Trump et al will be detrimental to growth for all American competitors. Note there are no longer allies. Might as well get ahead of the runaway Tesla by pumping up the economy.

The Trump regime pushed to Extort Ukrainian president Zelenskyy to sign over 50% of Ukraine’s multi-trillion dollar resources to U.S. entities in exchange for past U.S. aid (~$109B since 2022). The US provided Zelenskyy an agreement to sign and gave him less than 4 hours to read it. #OpCanary

This is going to be very inflationary for the USA. Trump is trying to balance trade accounts by tariff. He will also be influenced by local production despite higher costs and/or poorer quality products. If they were better then the switch would have been done without tariffs

Trudeau: "There's not a snowball's chance in hell that Canada will ever be the 51st state"

One of my favourite sayings is “shoulda woulda coulda”. Looking at the mess in the US and the focus of Republican voters, they coulda been a D1 NCAA athletic champ if they weren’t competing against all those trans athletes and could’ve been an astronaut if it weren’t for DEI. Always with the excuses

Figured they would rise

Can’t Anonymous hack the hackers?

After the results of the 2020 election I wrote that if it was determined that he lost Trump would burn down the village on the way out the door. Him burning down the same village on the way in the door after winning the election in 2024 was not on my dance card.

Trump is so predictable: Step 1 — Create artificial crisis. Step 2 — Make phone call. Step 3 — Announce end of crisis. Step 4 — Declare victory.

Correct. A tariff on China means they will look to sell their goods elsewhere. The beneficiaries are new trading partners while the cost is borne by the US consumer. They will only get even when a Chinese priced/quality good is then manufactured in the US. It will take time and investment.

Instead of Trump rolling out changes over his four year term, his haste to make changes is more appropriate for his TV show than the world’s largest economy. The ability to adapt has already been tested and failed after plane crashes and retaliatory tariffs from Canada. When does the experiment end?

Putting a tariff of 25% on goods from another nation is an admission that your manufacturing industry is that far behind the foreign competitors. Is DJT willing to admit that the American companies are that far behind?

Hedge funds are betting big that the stock market is going to suffer a devastating crash due to Donald Trump. Data from Goldman Sachs is sending shockwaves through financial circles, revealing a dramatic surge in 'short' positions against US stocks.

Excellent idea to combat Trump appointment with educated candidates from the opposition

Notable that the US has been running the greatest deficit in years over the first few months of the '25 fiscal year.

He oscillates from worth a billion to worthless. Accidentally said it was worth a billion then said if he cancels it it’s worthless then says if he gets half it’s worth something then oscillates to saying he meant the USA owning it. Facts: it’s worth something and Musk wants it but needs it cheap.

As American journalists start writing about the Nazi salute that Elon Musk just gave twice on camera, it's essential that they contextualize it for readers as part of a years-long course of publicly embracing antisemitic politicians and causes. They better not dare pretend this was a one-off event.

You can’t make this shit up.

The second government department for Elon to disband through DOGE

I am lost. What does this even mean? Is there a salary attached? Is there accommodation provided for? Is this shrinking the government or growing it? Has this role been missing? More action films less love stories? More old white guys? I am so confused.

Pure genius at work. Consider yourself a foreign entity that gets an invoice for a tariff. lol. Cheque is in the mail. Also, is this shrinking government?

Breaking news: SEC Sues Elon Musk Over Securities Violation in Federal Court Two guesses which federal department DOGE will shut first?

Well said by the former Prime Minister

They continue to squabble and Trump has not even ascended to the throne yet. To be fair, Bannon has been on this journey for a decade while Elon paid to skip the queue.

Musk spent nearly $300 million to elect a president with a virulently anti-immigrant agenda and now is telling Trump’s anti-immigrant supporters to “FUCK YOURSELF in the face” Unclear who Musk thought was voting for the guy who blamed immigrants for all of America’s economic problems