Postcards: How to Screw Up The Housing Market Even More (Do the Opposite!)

We're moving into cartoonish levels of economic policy proposals...

Market Update: Keeping my Republic Risk readers informed about this shift from Mega Cap stocks to Small Cap names. Our favorite name, CVGI, has been turning around nicely, but there’s plenty of mileage to go. I’ve warned that we shouldn’t think of this as a Trump Bump for the markets, but instead, a recalibration of a rate cut expectations. Jerome Powell signaled on Monday a willingness to cut before the CPI hits 2%. That means we might have some exciting shifts in expectations around inflation for this market in the back half of this year. Every sector is positive.