The market is currently pursuing a 'Bent trade' (optimism about Scott Bent's treasury appointment and spending cuts), but this trade is fundamentally based on incorrect assumptions about what can actually be accomplished
causalpending
Speaker
Lawrence McHenryEvidence Quote
“long bonds short gold perhaps even short Bitcoin La the stock market but you think most of this is going to reverse because the thesis here for the pent trade is fundamentally wrong I think that's right”
Source
$200k Bitcoin, $4k Gold In 2025 As ‘Day Of Reckoning’ Comes For Stocks | Lawrence Lepard— David LinCreated: 8/11/2026, 6:22:49 AM
My Notes
Loading notes...