top of page

MAGA loyalty test, 'Mediocre Musk vs Trump' / Xi and Merz / Big break ⏫⏫ #XAG & #PLAT / NFP next up

  • Writer: Stéphan
    Stéphan
  • Jun 6
  • 3 min read


  • D-Day 81years. Respect

  • Markets : Trump gone full TACO on everything... Reasonably good meeting with Merz (Right in front of the German chancellor Trump claims credit for ending Nord Stream 2, and suggests part of the calculus was to replace Russia as Germany's gas supplier), and a proper fall out with Musk ( #TSLA shares down sharply - Trump will very most likely cut subsidies..it was ALWAYS about the money!.), Trump/Xi agreed to get talking again, >>> even 'interest on reserves' being discussed (Cruz below Thread), Lagarde had a huge speech >>> positioning on the Rule of Law and being predictable (just what's lacking in the US and China..), rate cut cycle looks nearly over, they should tighten up privacy law and get Techs going! >> supportive EURO >>> Equity a little volatile day-to-day (often happens on top-bottom of ranges), let's see how goes after NFP today >>> precious metals 'what else' , Huge break up through long term resistance for #PLAT #XPTUSD and #XAGUSD

  • Trump/Xi : nothing been agreed, but they will meet, high official level, they agree to start new round of talks ASAP China states goal of leaders should be to expel misunderstandings Trump calls Chinese leader ‘brilliant’

  • ECB basically now in pause

  • Trump agreed with Elizabeth Warren on eliminating Debt Ceiling as August deadline approaches >>> so we've gone from being sensible and cut spending by $2trn #DOGE (lucky if 150bn of cuts happen..) to now let's spend and MMT this all the way...good grief >>> the truth is there will be NO govt spending cuts in a soaring budget deficit, until some sort of 'crisis' in either UST's or USD, which will leave Senate no choice but to have to do something...

  • Zelensky's drone operation 'supported by CIA, MI6' — Jeffrey Sachs 'Surely the US knew, if it didn't, then the incompetence level of our intelligence is staggering beyond belief'

  • Japan's Nikkei is reporting that competing views among Trump's advisers have delayed efforts by Washington to strike a deal with Tokyo. One source says that at one point, Lutnick, Greer and Bessent put the talks with the Japanese delegation on hold and began debating "right in front of them" >>> 90 deals in 90 days - good times..



BANNON: President Trump should act immediately. If Elon’s threatening to pull a major program from SpaceX, Trump should sign an executive order tonight under the Defense Production Act. SpaceX should be seized by the U.S. government before midnight.














 
 
 

Comments

bottom of page