Trump pulled off a five-day ceasefire nobody expected. Ram calls it the greatest TACO of his career.
---
Thank you to our sponsor:
Nexo — the premier digital wealth platform. Receive interest on your digital assets, borrow against them without selling, and trade a wide range of cryptocurrencies all in one place. Now available in the US with 30 days of exclusive privileges for new clients. Get started at nexo.com/unchained.
----
Trump announced a five-day pause on strikes against Iranian energy infrastructure just hours before his own 48-hour ultimatum expired. Oil crashed below $90. Bitcoin surged from $68,200 to above $71,000. Ram called it the greatest TACO of Trump’s career and said the Trump put is officially here.
Meanwhile the Fed held rates steady but the dot plot revealed a historically wide internal split: seven members want zero cuts in 2026 while five want 50 basis points or more. Powell warned inflation isn’t coming down as hoped with projections now at 2.7% for headline.
And in tech, Elon Musk unveiled a $25 billion chip fab that Ram says is pure fiction while Bezos raised $100 billion to buy manufacturing companies and transform them with AI.
Hosts:
Learn more about your ad choices. Visit megaphone.fm/adchoices
