re: ATH OTW - Rise for the futures open.

Of course it’s coming tonight.

Tonight is the China meeting, and POTUS — alongside the boomer executives — will return talking about how “great” everything is.

You should know the playbook by now.

Just like every era of “free trade,” years from now people will ask how so much strategic leverage, production, and dependency was willingly sold away.

But boomers still need asset accumulation.
There is not much time left in their economic cycle, so the incentive is immediate optimization, not necessarily long-term national resilience.

This is similar to the most advanced economy in the world entering conflict with Iran while seemingly underestimating how long elevated oil prices and regional instability could persist.

What should actually be shocking is not Iran’s response.

What should be shocking is that the administration appeared surprised and had to readjust to the all the unintended consequences. .