🌍 Tariff receipts plus cut savings re-rate the US and pull in global capital

“It's about $2 trillion. It's effectively $2 trillion of stimulus into the US, but without money printing.”

“And so as long as that's the case, I think you're going to continue to have a bid for equities. If all of a sudden the MAG 7 decided to delist and not be American companies, and all of a sudden showed up in the CAC 50 in France, yeah, we'd be in big trouble. But I don't think that's going to happen. And so as long as there's American ingenuity and American supremacy, again, which goes back to the other thing, which is we can't kill these golden geese, nor should we kill the emerging and growing golden goose, which is AI. And as long as those things are the same, there will be a constant bid for American assets.”

“I think that if Powell starts an aggressive cutting program, either because he has to, or because he's trying to keep his job, I mean, man, you could see the S&P at 7,000.”

“So one argument here might be that we're actually not necessarily seeing an improvement in the fundamental business environment. We're not seeing record revenue across the board.”

“So if you add these two things together, we are in the next 60 days going to have to re-forecast the American balance sheet where this is, or we're actually going to be able to positively forecast an extra 600 billion, 300 billion of incremental revenue, and 300 billion of savings. Jason, if that happens, watch out. What does that mean, watch out? It means that every single risk dollar is going to run to America. Every single one.”