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Warm-Up
- Last Few Days for IBIT CTP - Closing Price This Friday
- The Big Short - End of a Era?
- What is happening to Bitcoin?
- THC laws changing - interesting loophole closed
Markets
- Tariff juggling - just moving them around - no studies, no rationale
- Big Moves - One of the worst Novembers since 2008
- Hindenburg Omen
- Fed Losing Cred
WHY?
- If tariffs are not inflationary and this administration has brought down prices on groceries....
- President Trump signed an EO Friday lowering tariffs on beef, tomatoes, coffee and bananas, according to Bloomberg
- So , just shooting from the hip on all of this are we?
--- Seriously, where is the plan, where is the analysis, where are the results? Total horseshit
More Tariffs
- Switzerland and U.S. agree to trade deal; U.S. will lower tariffs to 15% from 39%; Swiss companies are planning to make direct investments in the USA amounting to $200 billion by the end of 2028
- Switzerland will reduce some import duties on US Imports
- For other US export interests, a solution was agreed that takes Switzerland's agricultural policy interests into account: under the agreement, Switzerland will grant the US duty-free bilateral tariff quotas on selected US export products: 500 tonnes for beef, 1,000 tonnes for bison meat and 1,500 tonnes for poultry meat.
- Furthermore, Swiss companies are planning to make direct investments in the USA amounting to $200 bln by the end of 2028.
- What did we accomplish here? - Just going back to what it was with a slightly higher tariff on Swiss goods than before...BECAUSE WE WERE GETTING KILLED WITH FOOD COSTS
Fed Update
- Markets no longer view December as a sure bet
- Lots of Fed speakers out with commentary that is hawkish
- Current
Tariff juggling – just moving them around – no studies, no rationale