Macro Timeline Update 41826

Intro:

Bitcoin bottom call from March point on thus far - pullback or blast off next?

Domestic and global liquidity projections updated.

Fed policy updates: “Pause not hike” is now consensus. What next?

Treasury TGA projections: TGA flows, buyback, auctions, and Policy updates.

Forward Guidance:

• CBP CAPE Portal Opens Monday – Billions in IEEPA Tariff Refunds

Newsletter portfolio updates (Seeking Alpha quants + AI model): New ticker picks