Note: I will be taking Friday off to be with family, so there won’t be any Friday Scouting Report. However, Paul Kiker and I will discuss markets on Wednesday, and that will go out on Thursday as it typically does.
Operation Massive Fraud
I find it harder and harder to continue paying taxes. It seems like there’s no representation, and everything is a massive fraud.

And it seems to be both parties. Perhaps it was a bipartisan operation to get Trump to dump Elon before DOGE could move more deeply into the heart of darkness we call DC? I’ll bet it was.
On that note – surprise! – DOGE is no more:
Rep Tim Burchett says “the money flows straight to the NGO’s and then right back to Washington.”
Oh, now it all makes sense:
““Markets””
The “”Markets”” were thrown into ‘repair mode’ on Friday. After Thursday’s sell-off, the Fed, ever afraid of even a 5% drawdown for some reason, trotted out Fed official Williams to dangle the lure of a rate cut in December.
That was all it took for stocks to trot smartly back to the upside. One wonders how many insiders were given this information before Williams made his remarks?
Here’s another example. On Sunday night (last night), all of the ‘proper’ futures went the ‘right’ directions.