Listen, that's never going to happen. They don't have enough Democratic votes to pass that. No Republican I know would vote for that. There's many Democrats that would never vote for that. If such a tax were introduced, it would have a catastrophic impact on trading behavior, deterring investment and destabilizing the capital market in the United States.
I believe that if the Fed implements three 0.25% interest rate cuts by the end of the year, it will maintain market stability and prevent the US dollar from losing ground in a competitive global landscape. These cuts are essential.
The S&P 500's heavy reliance on these top tech giants is concerning. Breaking them up could foster innovation, similar to the breakup of the AT&T Bell System in 1984 that led to significant technological advancements.
Despite the turbulence in the cryptocurrency market, I remain bullish on digital assets. Although there’s damage to institutional trust from collapses like FTX, firms like BlackRock continue to invest in Bitcoin, which reflects ongoing confidence in crypto's long-term potential.
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