Bulls or Bears

[SP500 SPY]

I had hope both would happen by now.
Now what. Tax cuts should be enough to offset the tariff mess.
Market only focuses on good news so far.

A long 3 day wait between July 4 and July 7 Monday’s open. Place your bets.

[SP500 SPY]

https://www.ttnews.com/articles/trump-nixes-tariff-extension

Big toughest tariffs are coming. JULY 9
CASH IS KING! Cashing them out before closing today. JULY 2
maybe a big flush before July 9





This is happening while the stock markets are the most overvalued ever.

Earning reports are coming - Most companies are already posting lower net income than prior year. Beware.

[SP500 SPY]

US Treasury targets $500 billion cash cushion by end-July as 2025 tariff revenue nears $100 billion

WASHINGTON, July 8 (Reuters) - Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump's trade campaign.

Bessent, speaking to a White House cabinet meeting, said the major collections from Trump's new tariffs only started during the second quarter, when Trump implemented a near universal 10% duty on U.S. imports and boosted duties on steel, aluminum and autos.

US could collect $300 billion in tariff revenue this year, Treasury chief says

I heard the $5 million dollar Trump gold card may bring in $300 billion! See link below. Cha ching!! Yellen didn't do that! LOL!
Homepage

Several individuals and sources have discussed the potential revenue generated by the proposed Trump Gold Card, a $5 million visa program offering a path to US residency for wealthy foreign investors.
President Trump's projections:
President Trump has suggested that selling one million Gold Cards could raise $5 trillion, and potentially $50 trillion if 10 million cards were sold, an amount he claims could eliminate the national debt.
He also mentioned a potential market of 37 million for these cards.
Commerce Secretary Howard Lutnick's statements:
Commerce Secretary Howard Lutnick has predicted that selling 200,000 cards would generate $1 trillion for the Treasury.
He previously stated the potential market for the cards was 37 million people.
Expert opinions and analysis:
Experts, including immigration attorneys and analysts, largely consider Trump's projections to be unrealistic.
They point to the fact that the existing EB-5 visa program, which involves a lower investment, attracted a much smaller number of applicants annually, according to CBS News.
One expert suggested that to generate $10 billion annually (less than 1% of the budget deficit), 2,000 buyers per year would be needed.
Current sales figures:
As of March 26, 2025, Commerce Secretary Howard Lutnick announced that 1,000 Gold Cards had been sold, generating $5 billion in revenue.

He also stated that nearly 70,000 people have signed up for the Trump Card waitlist.

It is important to note that the Trump Gold Card program faces various challenges, including legal and constitutional questions regarding the President's authority to create a new visa category without Congressional approval. Additionally, there are concerns about the program's fairness and potential impact on U.S. immigration policy.

[SP500 SPY]

delete!