Good Morning. At one point, Zimbabwe printed a 100 trillion dollar banknote. During hyperinflation in 2008, prices doubled every 24 hours. A loaf of bread could cost billions by lunchtime.

The 100 trillion note became a collector’s item and an unforgettable lesson in monetary policy gone wild.

-Jordon Mellor, Jonathan Kibbler, Patrick Lewis

ANNOUNCEMENT

LAST CHANCE!

MARKETS

Boom we are back baby, call your boss tell him you were right (not financial advice). Stocks rallied yesterday after the trade tariff pause with China, VIX fell through the floor and all in all most investors are happy. Apart from Crypto, sucks to be you guys…

MARKET ANALYSIS

Tariffs cut. Stocks jump. But don’t get comfy, there’s more under the hood.

S&P, Nasdaq, Dow, and Russell wiped out losses from Trump’s so-called Liberation Day. The market loves it. Panic mode from tariff threats is gone for now. Bonds calmed down, the dollar tanked, and oil hit lows not seen in years. Europe and “safe” currencies like the yen and franc got a boost.

Now, things have flipped. Both the US and China are finally on the same page: less drama, more progress. Tariffs keep dropping (real numbers, not just tweets). China drops duties to 10%. The US lowers to 30%. That’s a big shift from all-out trade war.

Markets rallied hard:

Here’s where it gets interesting for FX traders. The euro’s starting to wobble. Growth in Germany stinks. The new chancellor’s having a rough start. Trump’s picking fights with the EU. All this spells trouble for EUR/USD.

It’s slipped back under 1.1200, flirting with its 50-day average. If momentum holds, expect more downside. I’m watching 1.0900, maybe even 1.0600 in the next months.

Not financial advice. Don’t take my word for it, do your own digging. Learn. Adapt. That’s how you win. -JK

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MARKET ANALYSIS

Big money isn’t tiptoeing into crypto anymore. It’s stomping in. CoinShares says crypto ETPs took in $882 million last week, four weeks straight of heavy institutional buying. Year-to-date, flows have hit $6.7 billion, closing in on that old $7.3 billion record. Numbers like these aren’t just noise. They mean Wall Street is treating Bitcoin as a real asset, not just a sideshow.

The U.S. runs this show, pulling in 95% of new cash. Pension funds and wealth managers have stopped ignoring crypto. That’s a huge shift. Other countries dabbled (Germany and Australia, we see you), but Canada and Hong Kong bailed out. America’s stamp of approval, kickstarted by spot Bitcoin ETFs, is a turning point.

Listen up: These ETFs suck up more money in months than some old-school funds do in years. This is long-term, buttoned-up capital. They buy, they hold, they don’t panic-sell every price dip. Bit by bit, Bitcoin’s supply is getting locked down. Over 80% hasn’t budged in half a year. Could be a squeeze coming.

Of course, this new attention brings problems. Too many coins in too few hands chips away at the old Bitcoin story, freedom from big banks. Plus, other countries lack clear rules. That’s a speed bump.

But like it or not, the grown-ups are here. Wall Street’s taken over the meme coin mania. The party’s not what it used to be. But it’s a lot bigger. -PL

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ANSWER

Uranium