$NASDAQ Composite Index(.IXIC.US)

Reposting a short article, I partially agree with this view:

From the perspective of the Fed's responsibilities, Powell's speech last night was completely reasonable,

but it would make Trump unhappy. Therefore, there is a potential black swan in this game—

Trump sidelining Powell. Powell's term will end in May 2026.

On Monday, Bessent said he and President Trump have "been considering" candidates for the next Fed chair and want to appoint a "shadow chair" in advance.

Imagine how exciting the market would be if the current chair makes a statement while the shadow chair also publicly comments.

Recently, there’s news that many might have missed: Trump has urgently requested the U.S. Supreme Court to authorize the president to fire senior officials of two independent federal agencies.

This news is a test by Trump to see if he has the authority to fire Powell. If successful, removing Powell is not impossible.

In that case, reciprocal tariffs would gain a "nuclear weapon"—Dollar Swap Lines.

For Europe and Japan, which don’t accept reciprocal tariffs, Dollar Swap Lines would easily control the situation.

Trump’s emergence is indeed a once-in-a-century upheaval. Please never invest money you need for daily living. Try to have stable cash flow and deploy necessary passive investments, especially for office workers! How much volatility we’ll face this time is still unknown.