Many 'new all time highs' out there / XAG, BTC joining the melt-up fun / FED split / Trump loosing patience with RU !

Stéphan
Jul 11
3 min read

Starmer, Macron unveil migration deal, deeper defence ties, Macron blames Brexit for rise in migrant crossings as Starmer hails ‘breakthrough’ small boats deal
Markets : S&P 500: All-time high, NASDAQ: All-time high, BTC: All-time high, GOLD: All-time high, HOME PRICES: All-time high, and Mr Market has 3x Fed cuts priced in for 2025 and couple more next year. Trump goes after Canada & EU on tariffs again (trying to force a trade deal ?..), he's also using presidential power to send an big additional arms package to UKR, Market complacency evolved from "TACO" and "nothing ever happens" to now "everything is priced in" (like 50% tariffs and letters to EU/Canada), risk of correction coming (should be welcome in a rather too buoyant market..), XAGUD jumps to highest prices in 14years, on its way to +$40 this summer, Palladium reacting to Russia sanction risk.. #PALL
Trump said he's disappointed in Russia and will make a big announcement on Monday
Smart men go broke three ways: liquor, ladies and leverage. Charlie Munger
Governor Waller spoke on balance sheet policy. He indicated that he sees $2.7tn (9% of GDP) as a rough benchmark for “ample” reserves (down to $5.8 trn). This estimate was based off of 2019 market stress, where Waller noted reserve scarcity appeared to emerge suddenly when reserves fell below 8% of GDP
St Louis Fed president Musalem remained hawkish, noting upside inflation risks and saying it would take time to determine the price impact from tariffs
UK-France-EU #Brexit ''When I look at Macron and Starmer talking now, it just demonstrates the narcissism of the arguments we had around Brexit and the extent our country turned in on itself. Looks ridiculous with hindsight''
Africa leads the largest mobilization in history ― 8,000 km, 11 countries and 100 billion trees