EU NatGas 2mos lows / Bessent : TLT short covering / Threat of 25% tariffs on EU goods / Growth vs Value..
- Stéphan
- Feb 27
- 3 min read
Markets : growth scare, US growth definitely slowing (momentum stocks, crypto hit hard vs VALUE and quality names - finally!), watch jobless CLAIMS and NFP data, if you seriously believe that we are heading towards Bessent's 3% fiscal deficit to GDP (let alone achieving target), then bonds are a raging buy (10's UST 3.9-4.%-MS is this way now-at least saying its the risk) and growthy stocks remain a sell vs value, clearly what we seeing lately, as the actual fiscal tightening required and damage required would be similar to the slowdown we had in 2008..
Trump says he will soon be announcing a 25% tariff on the EU… “generally speaking on cars and all other things” “The EU was formed to screw the US, and they’ve done a good job” ...Trump administration weighs pulling funding for Moderna bird flu vaccine... If Trump is fully committed in cutting the fiscal deficits, basically caring about bonds first (Bessent put on UST's), and thus caring less about the stock market in the meantime (tight fiscal stance) >>> you can be sure of one thing, the market is going to test his resolve
Tesla’s sales plunged 45% last month across Europe as customers are now moving to other carmakers, A new document undercuts Trump admin's denials about $400 million Tesla deal, and the Tesla CEO is not particularly interested of being in the office..Elon Musk, who calls millions of US federal workers "incompetent", says he "accidentally cancelled" Ebola prevention
FDIC Ends Disclosing Total Assets of Banks on “Problem Bank List,” as Disclosure Might Suddenly Trigger a “Disorderly Run” ...
Inside Job - a must watch when you have time - see link below
The Government of Poland Just Called for boycotts of Elon Musk's Tesla car company
Peter Navarro, the White House official in the FT story that is allegedly pushing to have Canada kicked out of the Five Eyes, says the story is wrong, and is "crazy stuff." "We would never ever jeopardize our national security with allies like Canada."
“Trump Gaza is finally here.” Donald Trump just posted an AI video on Truth Social about the Gaza Strip !
European gas prices slump to two-month low - good news! Ukraine ceasefire, which might result in more Russian gas to Europe Warmer weather is also reducing gas demand, slowing withdrawals from storage
TOP Canadian politician Just urged THREE U.S. states to join Canada and get universal healthcare and NO NRA
Scandal over suspected fraud at a Swiss defence firm
At least orange juice is about to get cheaper !
Still the best documentary about The global financial meltdown - a must watch when you have time (90mins) Inside Job (2010 Full Documentary Movie) - YouTube
Javier Blas on X: "GAS MARKET: The European Commission is set to signal that it will allow a flexible approach to the pace for refilling gas storage this year while still maintaining its final target of 90%, according to people familiar with the matter — from my colleague @E_Krukowska" / X
The Kobeissi Letter on X: "This is incredible: The 2x Leveraged Long MicroStrategy ETF, $MSTU, has dropped 41% over the last 3 trading sessions. The ETF is now down -81% since its November 20th peak. At the same time, the 2x Leveraged Long Palantir ETF, $PTIR, lost -52% over the last 5 days. Leverage https://t.co/6i2PKwguiF" / X
Scandal over suspected fraud at a Swiss defence firm this is so bad
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