Cut the government largess and short term pain is inevitable. Politically, if you are going to rip off the band aid the earlier the better. HODL plebs. Nobody ever said it would be easy.
#Macrostr
ISM Manufacturing New Orders: 48.6 vs 55.1 (prior)
- You don't love to see this. 👀
ISM Manufacturing PMI: 50.3 vs 50.9 (prior)
- Still (barely) expansionary, which is good. But definitely weak. 👀
OPINIONS:
The new administration's Downsize and Deregulate with Deafening speed is already starting to show some real short-term economic pain.
"Reprivitization" policies should do well in the medium and longer terms, but will definitely require some time to take effect.
Risk assets and #bitcoin may be tumultuous for longer than they would otherwise have been without the current major administrative policies.
TAKE HOME POINT:
Stay humble. Stack sats. (per nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h )
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