To investors,

Headlines induced fear and uncertainty earlier this year, but market facts tell a very different story. The S&P 500 is up double-digits in the last 12 months and the index has nearly doubled in the last 5 years.

Both the S&P 500 and the Nasdaq are positive on the year as well. So no matter how much people yelled, screamed, and cried over the last few months, investors who were long US stocks have done well.

To put this performance in perspective, Mike Zaccardi writes “The S&P 500 is up 24% from the April 7 low. France is up 18% in the last 25 years.”

Bond investors have not done well on the other hand. Sam Callahan reminds us that “73% of bonds in the world [are] trading at less than the rate of debasement.”

Speaking of underperformance, Pierre Rochard shows a very large percentage of fixed income investors are failing to outperform their benchmarks as well.

And we can’t talk about the debasement of the dollar, or the underperformance of benchmarks, without mentioning bitcoin. We are watching bitcoin’s price closely track the global money supply. As Quinton Francois says, “bitcoin loves money supply.”

So you can see exactly where we are headed — there will be more money printing, a larger national debt, and liquid assets are going much higher. Stocks will appreciate in price. Gold will appreciate in price. And bitcoin will likely be the biggest winner out of every asset.

We are living through a paradigm shift. Young people want bitcoin over almost any other asset. You can see it in the capital flows. You can see it in the online chatter. And you can see it in the financial returns of various assets. Bitcoin is the apex predator of financial markets. It will only stop going up when central banks stop printing money. And I don’t think that will happen any time soon.

Hope you all have a great start to your week. I’ll talk to everyone tomorrow.

- Anthony Pompliano

Founder & CEO, Professional Capital Management

Jordi Visser Breaks Down The Recent Spat Between Elon & Trump, Including What It Means For Bitcoin

Jordi Visser is a macro investor with over 30 years of Wall Street experience. He also writes a Substack called “VisserLabs” and puts out investing YouTube videos

In this conversation, we discuss Elon Musk vs Donald Trump, economists don't believe the inflation data, bitcoin is coiling for a short squeeze, Circle IPO went very well, stablecoins reveal an important truth, how portfolios will change with AI, and stock market all-time high by end of year.

Enjoy!

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