A Tesla Encore?

Yesterday was pretty wild... now we move onto the jobs report.

Good Morning:

Well…yesterday’s Tesla drama escalated quickly.

The stock is up about 4% after the retail panic fueled this drastic downturn. I wouldn’t be shocked to see a reversal - after the bell… It is, after all, Friday, and markets are still climbing the wall of worry.

There’s something investors need to know…

The Fed might be backed into a corner, but it’s clear that the Treasury Department is hard at work. According to Michael Howell’s latest analysis… the Treasury (the government's wallet) is creating money in a way that many people don’t understand.

They're selling lots of short-term IOUs (Treasury bills) to banks. When banks buy these, it's like printing new money.

More money floating around makes prices go up even more. But it also pushes up the cost of things like gold, Bitcoin, and stocks, because people want to protect their money from losing value.

This works… US banks' Treasury holdings are growing much faster than the M2 money supply. This divergence shows monetary expansion…