Alright folks, hold onto your hats! The Fed’s Thomas Bostick is signaling just one rate cut this year, citing a whole lotta uncertainty. And let’s be real, the economy’s looking sluggish – potentially hitting just 1% or even 0.5% growth. Relax though, he doesn’t think we’re heading for a full-blown recession, but buckle up for a bumpy ride.
Speaking of bumpy rides, the US and EU have finally decided to talk trade again, trying to avoid a total disaster with Trump’s looming tariff threats. It’s a small victory, honestly, but the EU’s been dragging its feet on this one for way too long. They’re swapping proposals on tariffs, digital trade, and investment, but the EU’s trade chief is rightly warning against a quick deal – the US wants a ‘win’ too fast. Some American tariffs, especially on steel and cars, could very well stick around.
Now, brace yourselves – Trump just announced the US is going to unilaterally slap new tariffs on a bunch of trade partners, basically saying ‘take it or leave it.’ We’re talking new tariffs in the next 2-3 weeks. Seriously, this guy just does what he wants. On a slightly brighter note, Trump’s hinting at “good things” happening with the Gaza situation in the next month and even floated a potential meeting with Putin (yikes!). He’s also patting himself on the back for the India-Pakistan ceasefire, which is… something, I guess.
But it’s not all politics, people. Fidelity’s top bond chief is warning that Trump’s trade wars are seriously messing with the Fed’s plans to control inflation and keep employment stable. It’s a real pickle for the central bank. Meanwhile, Galaxy Digital finally went public on Nasdaq under the ticker GLXY – a win for the crypto space! And last but certainly not least, US state funds are getting heavily into MicroStrategy (MSTR), increasing their holdings by a whopping $302 million in just one quarter. That’s a huge bet on Bitcoin, and frankly, I’m here for it!
Let’s unpack that last bit about state funds and MicroStrategy: Institutional investment in Bitcoin is skyrocketing, and MSTR is a popular vehicle. MicroStrategy, under Michael Saylor, has aggressively accumulated Bitcoin, essentially turning itself into a Bitcoin holding company. State funds (retirement and fiscal funds) seeing potential in Bitcoin’s growth are increasingly allocating capital to MSTR. This represents a significant shift in mainstream financial adoption of crypto.
This trend reflects growing acceptance and growing confidence in digital assets. The 44% jump in holdings shows strong conviction. It’s a big signal. This isn’t just ‘some dudes on the internet’ buying Bitcoin anymore, this is established institutional money. Prepare for more folks to jump on the bandwagon.
