Brothers, the captain has already planned the route, unless some big shot pulls us straight ahead 😂 The Spring Festival travel rush is heating up, so grab some Spring Festival travel horses and quickly build up a small position, the current position is still low. $Dark Horse $I'm Coming $Cultivation #meme

2026 may be the year that many investors realize there are plenty of opportunities outside the US market.

A new study led by BGI Genomics and published in *Nature Communications* has mapped the "infection genome" of 858 rodents and shrews in southern China, revealing 76 potential pathogens, including 33 newly emerging ones. By sequencing individual organs, researchers found high parasite loads in the lungs and multiple RNA viruses in the gut, suggesting that brown rats and kangaroos are important viral spillover hubs requiring urgent monitoring.

$FLOKI $BONK $SHIB #meme season is about to begin. Buy and hold.

AI for dreamers

My friend Brent Donnelly and I have launched the new TMTF podcast. - The Fed may be ready to turn dovish, but what has the bond market already priced in? - How to think about arbitrage when trading - Sometimes Brent Crude is more Italian than I am Listen on your favorite podcast platform

Not sure who needs to hear this. But with the federal funds rate at 4.33% and the terminal rate at 3.1%, yields on long-term bonds aren't high, and spreads are quite limited. With the inflation risk premium rising, the yield curve could steepen even further.

As a result, the US is facing a $300 billion tax increase planned for 2025, with virtually no new fiscal injection this year to offset it. Perhaps investors should factor this into their future assessments?

In euro terms, the S&P 500 is down 4% this year.

US curve steepeners are very popular, but there are fees to hold them (negative carry and roll yields), and Bessant may hit you with quantitative retirement account (QRA) changes, stock buybacks, etc. I mean, is there a better expression for "fiscal dominance"?