Key insights
- The post highlights several bearish macroeconomic factors, including Xi Jinping's comments on global order, a perceived challenge to US authority in a strait, weak GDP growth, rising unemployment, petrodollar collapse, and an ongoing energy crisis. These factors collectively suggest a negative outlook for the US economy and equity markets, potentially hindering further rallies.
- Chinas President Xi Jinping says the world order is crumbling into Disarray
- Trump ordered that he would keep the strait closed yet a Chinese vessel passed the strait successfully today. Trumps navy didn’t even try to stop it at all (his word is bs for the most part, he’s confirmed to have lied over 30,000 times in his first term alone)
- GDP growth 0.5%
- Unemployment at 4.3% (the highest in 6 years since the last time Trump was President)
- the petrodollar keeps collapsing, countries have been paying to get ships through in Chinese Yuan which is a form of dedollarisation.
- IEA: “Oil prices today do not reflect current situation we are in”
- oil crisis isn’t solved, multiple countries are having an energy crisis still, multiple refineries have been blown up from the war around the globe. Sure the private companies in the U.S. can sell oil, but the U.S. consumes more oil than it produces…