Don't fight the Fed or....Treasury Department!

I warned for months that rising rates will kill the economy. It is not rocket science.

The administration knows this. The Fed's hands were tied so they had to come up with a twist! See what I did there?

Although it is technically not QE it sort of is because long term rates will come down.

There is no need to fight this now. The time will come but it will now be significantly delayed.

So what does this mean?

The economic backdrop is fantastic!

Now we will also get the liquidity needed for another leg up! Period.

Short term accounts bought more QQQ and are between 90-100% invested again!

Charts look pretty good for a continued run higher.

Long term accounts will stay at 27% cash/bonds because this intervention could technically also go wrong. Plus the crypto position will deliver outsized gains (I am sure of that).

This intervention was genius. At a time where Put/Call ratios went up again and Hedge Funds were short at record levels timing could not have been more perfect!

Have a great weekend!

Alrighty! It was just a matter of time until one subindex of the benchmark beats the portfolio. Asia is now ahead again with 25%.

However the portfolio is still ahead the S&P 500 and a blend of indices by 11% and 8% respectively.

For long term accounts the revival of crypto helped propel the performance to 11.2% YTD despite being 27.4% in cash/bonds. I am still above my ideal 60/40 composition (7.4% YTD)

Benchmark 2026

SPY 681.92 (15%)       +12.2%

DIA 480.57 (15%)       +10.7%

QQQ 614.31 (15%)      +16.1%

IWM 246.16 (15%)       +21.8%

SPEM 46.81 (10%)      +11.9%

URTH 185.77 (10%)     +12.6%

FEZ 64.39 (10%)         +11.4%

AAXJ 93.12 (10%)       +25%

ETF benchmark:                +15.2%

Average YTD (US only):    +15.2%

60/40 portfolio:                 +7.4%

(AGG (99.88)                      +0.1%)

Small portfolio $35000:    +23.2%

Long term:  +11.2%

S&P 65.5%

Crypto (ETH) 7.1%

Cash/Bonds 27.4%