The SEC and Trump Confirm Deglobalization and Everyman For Himself – Sunday Reads And Listens
Happy Sunday…
Just a few weeks ago I wrote this:
Then this week happened…one hell of a week for the ‘degenerate economy’, ‘deglobalization, and the ‘everyman for himself’ economy.
The SEC started it out with this:
WOW.
The SEC just said that meme coins are generally NOT considered securities under US federal law.
They also said that meme coins have “limited or no use” and do not need to be registered with the SEC.
This is a MASSIVE statement by the SEC.
— The Kobeissi Letter (@KobeissiLetter)
9:29 PM • Feb 27, 2025
While there are other agencies to ‘protect’ consumers…Trump and DOGE killed the CFPB:
BREAKING: President Trump and DOGE are firing nearly all of the Consumer Financial Protection Bureau’s 1,700 employees, per CNBC.
— The Kobeissi Letter (@KobeissiLetter)
2:48 PM • Feb 28, 2025
Then we witnessed the Zelensky, Trump, Vance made for Bravo TV Oval Office smackdown with Vance showing his new parlor trick speaking with his tongue on Trump’s boot asking for a ‘kiss the ring’. Trump says Zelensky is not ready for peace, is considering ending all military aid to Ukraine and Don Jr. thinks we should be selling arms to Russia!
Before Trump dumped Zelensky, our news idiots were busy talking egg prices for 20 hours a day. The inflation that Jamie Dimon sees is not all about eggs:
JPMorgan CEO Jamie Dimon just stated that he is “quite suspicious” about inflation decreasing and anticipates significant inflationary pressures ahead
— Stocktwits (@Stocktwits)
8:04 PM • Feb 28, 2025
Things got so bad this this week that even Bitcoin went down! Not to worry because Michael Saylor says its time to ‘sell your kidney to buy Bitcoin’. Here is how the Lindzon’s are dealing with that advice:
hey kids…gather around
mom and I have scheduled a little procedure for you both in Mexico
— Coronado ‘Porch’ Lindzon (@howardlindzon)
6:27 PM • Mar 1, 2025
As I say here often …’nothing like price to change sentiment’:
How low will Bitcoin go in 2025?
Over the last 5 days, prediction markets have shifted forecasts for Bitcoin to bottom at $62,000.
Since February 23rd, this forecast has fallen by ~$18,000, per @Kalshi.
Furthermore, the odds of Bitcoin hitting $150,000 before 2026 have fallen… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
5:10 PM • Feb 28, 2025
More Crypto charts…
Investors are pulling out of crypto at a record pace:
Crypto funds posted a record $2.6 BILLION outflow in the week ending Wednesday.
This is ~$500 million above the previous record set at the end of the last year.
On Tuesday alone, #Bitcoin ETFs posted a record one-day… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
2:25 PM • Feb 28, 2025
Here is Microstrategy:
BREAKING: MicroStrategy stock, $MSTR, falls -57% from its all time high seen on November 21st.
$MSTR has now lost an average of -$720 million of market cap PER TRADING DAY for 62 days straight.
That’s -$45 billion of market cap.
— The Kobeissi Letter (@KobeissiLetter)
2:45 PM • Feb 28, 2025
Here is Ethereum:
Wow…
$ETH Ethereum has now lost 1/3rd of its value over 4 weeks
The bears are back in town…
— Stocktwits (@Stocktwits)
2:35 AM • Feb 28, 2025
Tesla is also down nearly $700 billion from it’s peak a month ago:
OOOF, $TSLA has lost $660B in market cap (-42.29%) from its all-time high 2 months ago
— Stocktwits (@Stocktwits)
8:41 PM • Feb 28, 2025
This weekend, Hamas of course has not returned all the hostages that Trump demanded a few Saturday’s ago and the ceasefire is over.
Not to make anyone nervous but we ended the week on the five year anniversary of COVID and the run to $VIX 90:
Wow, the Covid crash was 5 years ago…
— Stocktwits (@Stocktwits)
6:40 PM • Mar 1, 2025
What any of this means for this week…I do not know!
What I do know is what I said to start today’s newsletter …the ‘degenerate economy’ and ‘deglobalization’ are here to stay. As for ‘everyman for himself’… people would do well to be a little more selfish and a little more suspicious.
On Tuesday’s Trends With Friends (starts at minute 64), we talked a little about some ‘second order effects’ already showing up in the markets with our guest Shomik
After what happened in the Oval Office, instead of tweeting about how you’re for or against it
The smart idea is get long Euro defense stocks
$RNMBY $FINMY, $THLLY
— Shomik Ghosh (@shomikghosh21)
3:28 PM • Mar 1, 2025
This week I have my friend Lewis Johnson on ‘Trends With Friends’ and we will dig much deeper on the ‘deglobalization’ trend and how to think about your portfolio.
I am hoping my short visuals make up for you reading endless stories about what happened this week.
Do not be discouraged…at some point this week we all looked like this putz Marco Rubio:
Now do one for a dad at Zara’s
— Coronado ‘Porch’ Lindzon (@howardlindzon)
5:51 PM • Mar 1, 2025
Have a great Sunday.
