Ed

was that the expectations for a rate cut, which most traders believe will happen in July, that actually came down a little bit. There was an 80% probability of a rate cut coming in July, and that came down to 70%. So the net-net is there is less of an expectation that we will get rate cuts soon in the summer, but it's still sort of a high probability. They think 70%.

was that the expectations for a rate cut, which most traders believe will happen in July, that actually came down a little bit. There was an 80% probability of a rate cut coming in July, and that came down to 70%. So the net-net is there is less of an expectation that we will get rate cuts soon in the summer, but it's still sort of a high probability. They think 70%.

was that the expectations for a rate cut, which most traders believe will happen in July, that actually came down a little bit. There was an 80% probability of a rate cut coming in July, and that came down to 70%. So the net-net is there is less of an expectation that we will get rate cuts soon in the summer, but it's still sort of a high probability. They think 70%.

That's what the markets believe. I'm going to take the other side of this. The vibe I got here was that Powell is extremely cautious. He said the words wait and see 11 times in the press conference. And I think what he's doing is he's clearly waiting to get the data. He wants to see what is the actual impact of these tariffs, and we haven't seen that yet.

That's what the markets believe. I'm going to take the other side of this. The vibe I got here was that Powell is extremely cautious. He said the words wait and see 11 times in the press conference. And I think what he's doing is he's clearly waiting to get the data. He wants to see what is the actual impact of these tariffs, and we haven't seen that yet.

That's what the markets believe. I'm going to take the other side of this. The vibe I got here was that Powell is extremely cautious. He said the words wait and see 11 times in the press conference. And I think what he's doing is he's clearly waiting to get the data. He wants to see what is the actual impact of these tariffs, and we haven't seen that yet.

So my prediction after this press conference, I think we're not gonna see a rate cut until September, because I think Jerome Powell is waiting for more data. Specifically, I think he wants to see the Q2 GDP report, and that's not gonna come out until the end of July. And my view is only then

So my prediction after this press conference, I think we're not gonna see a rate cut until September, because I think Jerome Powell is waiting for more data. Specifically, I think he wants to see the Q2 GDP report, and that's not gonna come out until the end of July. And my view is only then

So my prediction after this press conference, I think we're not gonna see a rate cut until September, because I think Jerome Powell is waiting for more data. Specifically, I think he wants to see the Q2 GDP report, and that's not gonna come out until the end of July. And my view is only then

will he decide that he has enough data to actually make a decision, which would mean that the next time that he could potentially cut rates, if that's all true, would be September. Could be possibly even later, but my prediction, this isn't going to happen. We're not going to get any cuts until September, at least.

will he decide that he has enough data to actually make a decision, which would mean that the next time that he could potentially cut rates, if that's all true, would be September. Could be possibly even later, but my prediction, this isn't going to happen. We're not going to get any cuts until September, at least.

will he decide that he has enough data to actually make a decision, which would mean that the next time that he could potentially cut rates, if that's all true, would be September. Could be possibly even later, but my prediction, this isn't going to happen. We're not going to get any cuts until September, at least.

Let's talk about MelaniaCoin. So the Financial Times did this great analysis. I'm so glad that journalistic institutions are doing this because it's so important to 24 anonymous accounts purchased Melania Coin before Melania Coin was announced. And per this analysis from the FT, those guys made $100 million.

Let's talk about MelaniaCoin. So the Financial Times did this great analysis. I'm so glad that journalistic institutions are doing this because it's so important to 24 anonymous accounts purchased Melania Coin before Melania Coin was announced. And per this analysis from the FT, those guys made $100 million.

Let's talk about MelaniaCoin. So the Financial Times did this great analysis. I'm so glad that journalistic institutions are doing this because it's so important to 24 anonymous accounts purchased Melania Coin before Melania Coin was announced. And per this analysis from the FT, those guys made $100 million.

There was one wallet that bought $681,000 worth of Melania Coin 64 seconds before the project was announced. And within 24 hours, that account had made $39 million selling those coins. It then made another $4.5 million selling the rest of the coins over the next three days. Just... Unbelievable historic levels of grift.

There was one wallet that bought $681,000 worth of Melania Coin 64 seconds before the project was announced. And within 24 hours, that account had made $39 million selling those coins. It then made another $4.5 million selling the rest of the coins over the next three days. Just... Unbelievable historic levels of grift.

There was one wallet that bought $681,000 worth of Melania Coin 64 seconds before the project was announced. And within 24 hours, that account had made $39 million selling those coins. It then made another $4.5 million selling the rest of the coins over the next three days. Just... Unbelievable historic levels of grift.

We've been saying from the very beginning, since the beginning of Trump coin and Melania coin, how awful this is. We're now seeing the data coming in and showing us numerically what's so bad about this. Scott, what more is there to even say about Melania coin or Trump coin?

We've been saying from the very beginning, since the beginning of Trump coin and Melania coin, how awful this is. We're now seeing the data coming in and showing us numerically what's so bad about this. Scott, what more is there to even say about Melania coin or Trump coin?