Weekly macro analysis column: Friends who like it, please follow
This week's assessment:
The House passes resolution limiting Trump's war powers regarding Iran
This marks the fourth time since the outbreak of war that the House has voted on a resolution to limit the president's war powers, and it isthe first time it has passed, with a vote of215 in favor and 208 opposed. Four Republican representatives joined Democrats in voting yes.
The measure is a joint resolution from both chambers and must be approved by both the House and Senate to take effect. Joint resolutions do not require the president’s signature and cannot be vetoed, butthey carry no legal force, more symbolic in nature
$Brent Last Day Financial Futures (SEP6) (BZmain.US)$
Hollow growth in US GDP
US first-quarterGDP grew at an annualized rate of 1.6%, but excluding government spending and AI-related investment, private-sector economic growth was nearly zero. Current US economic growth is heavily reliant on AI investment and stock market wealth effects, while traditional consumption and investment remain weak—described as the most 'hollow' expansion on record.
Although core US inflation has slowed month-over-month, it has hit a new high year-over-year; wage growth has already fallen behind inflation, forcing consumers to draw down savings to sustain spending. April economic data suggests the US is entering a “Stagflation” phase: rising AI hardware expenditures and higher oil prices are dampening demand through price increases.
US consumption relies on the top 2% wealthy, disconnected from the broader economy
The wealthiest28 million Americans account for nearly 50% of consumption，Meanwhile, the bottom 80% of the population...

$Leverage Shares 2x Long FUTU Daily ETF (FUTG.US)$ Shake of weak hands pre-market

$E-mini NASDAQ 100 JUN6 (NQ2606.US)$ 29506 close. (fib)

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Now , it's TQQQ turn

$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ seller n buyer gonna killed today. trapping bulls- gonna close red today for sure!

$ProShares UltraPro Short QQQ ETF (SQQQ.US)$
Risk Warning: JGB is about to explode.

$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ let me share my few cents.. if you look at nvdia daily chart, its been oversold for quite awhile. And with its ER soon, no doubt it is going to rise as this had been the trend for most AI pre-ER. so just ride the wave and sell before its ER. if you want to be bearish bias, then be bearish bias after nvdia ER. for now i have switched to bullish bias after its double bottom last friday. cheers and trade with care folks

$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$ another v shaped recovery every single fucing time for the past every single day since 2021.

$E-mini NASDAQ 100 Futures (SEP6) (NQmain.US)$
From 25380-below 25000