I signed up for a free account (using Apple's proxy-email service) at CNBC so I could get a little more detail on the markets currently. They provide this rundown of “The markets and the Trump administration”
WINNING!
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The Dow Jones Industrial Average is now down 2.1% since the beginning of President Donald Trump’s second term. It is up roughly 0.9% since the election.
The S&P 500 is down 4.3% since the inauguration. It is down 0.8% since the election.
The Nasdaq Composite is down about 8% since Inauguration Day. It is down 2% since the election.
The Nasdaq 100 is down 6.5% since Inauguration Day. It is down about 0.9% since the election. Fifteen of the Nasdaq 100 stocks are down double digits in 2025.
The Russell 2000 is down 9.2% since the inauguration. The index is down 8.6% since the election.
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That's... impressive.
#Apollo, one of the largest private equity / private credit companies on the planet (they manage half a trillion dollars, more than the GDP of many countries) is about to build a marketplace to dump their (overvalued) investments on the public.
realistically at the valuations they are currently giving these assets - valuations other investors would not pay for them - dumping everything on the public is their best way out of the pickle they have found themselves in.
this will be completely legal because they will "tokenize" these assets "on the #blockchain", which will mean the #SEC has no oversight over this new market. standard disclosures about ownership, cash flows, and so one will not be required.
this is why the private equity industry (in particular #Blackrock, the other 200 kg gorilla in the field) has been super gung ho about "#tokenization".
As a reminder, gift economies aren't markets. Stop conflating barter with gift economy. Markets are not personal. Markets are based on commodity production. Gift economies are based on your actual relationship with someone. #gifteconomy #markets #anticapitalism #praxis #anarchy #anarchism
“I suspect that the #markets do not quite understand the gravity of our situation because they have never seen anything like it in a first-world country. They have never witnessed a global hegemon attempt suicide.”
absolutely breathtaking chart that shows the price of #bitcoin is net **down** ~10% during market hours when #Blackrock’s bitcoin ETF etc. were traded in 2025 but net **up** ~40% during hours when the american financial markets are closed.
makes a compelling case that the offshore (**cough** Chinese **cough**) exchanges are wash trading the price of #BTC up every night and then selling off into American retail investors (though there's probably also other factors at play, like the enthusiasm for people living in different time zones to plow money into the cryptoverse).
chart from r/buttcoin: https://www.reddit.com/r/Buttcoin/comments/1i9z93j/evidence_of_bitcoin_wash_trading/
Chainalysis put out some data claiming that at least half of all TRUMP and MELANIA #memecoin “investors” never bought a token on Solana before and most of them hold less than $200 worth while 50 "whales" have made profits of more than $10 million each, strongly suggesting that the biggest suckers in the #TrumpCoin grift are the #MAGA voter base. Feels like #JustinSun made a deal with Trump to let him fleece the MAGA base and drain money back to #China.
Here’s the Chainalysis thread with the charts: https://x.com/chainalysis/status/1882211312681251120
I have some issues with #Chainalysis and suspect the data is actually even more damning than they’re saying… but I don’t have access to the data and what they’re saying is already extremely damning. (Kind of expect them to be forced to retract it by the company ownership because of the bad PR).
ΩΩ
New issue of #TheCryptocalypseChronicles: The #TrumpCoin Cometh
Or everything you think you need to know but really don't about #TRUMP, #MELANIA, and #BARRON - the Trump family's suite of #memecoins. Retoots appreciated.
Big Asian firms that have already announced U.S. investments are anxious about whether Donald Trump will return to the White House and rip up current administration’s tax breaks and subsidies that helped draw them there. https://www.japantimes.co.jp/business/2024/10/31/markets/trump-biden-industrial-policy-asian/ #business #markets #us #2024uspresidentialelection #democrats #kamalaharris #republicans #donaldtrump #joebiden #trade #asia #toyota #hyundai #tsmc #samsung #lg #electricvehicles #southkorea #china #taiwan
#HartfordForum #Highlights #Connecticut #Tourism's #LGBTQ #Push.
#State and #LGBTQ #leaders gathered at a #specialevent in #Hartford recently to celebrate how #Connecticut has #markets itself to #LGBTA #tourists, especially those from LGBTQ-#hostile #Florida.
#Women #Transgender #LGBTQ #LGBTQIA #Connecticut #Travel #Tourism #PinkTourism #Representation #Culture
https://patch.com/connecticut/hartford/hartford-forum-highlights-ct-tourisms-lgbtq-push
This is a really good deep dive into why Intel has fallen behind its competitors and what its potential future might be:
Every hacker should read this phrack article on repeat until they understand it.
Unlike many other nations, cultural differences rarely influence the scale of China’s trade activities.
What makes China unique?
https://theconversation.com/cultural-differences-impede-trade-for-most-countries-but-not-china-233618
#business #markets