- The Street Sheet
- Posts
- 🌮 The Taco Trade
HAPPY SATURDAY TO THE STREET.
And welcome back to Street Tweets from The Street Sheet!
Meta is reportedly planning to open physical stores where people can test and buy its VR headsets and smart glasses.
Kinda like the Apple Store, in the way that Threads is kinda like Twitter, and Instagram Reels is kinda like TikTok, and… you get the picture. Mark Zuckerberg isn’t exactly the poster boy of original thought.
The irony of a fully digital social media company using IRL retail stores to sell virtual reality software isn’t lost on us. Was retail space in the metaverse too expensive?
— Brooks & Cas
Sponsored by Equity Explorers
The 5-Day Investor Boot Camp at TheEquityExplorers.com is your chance to master mining stocks.
Join experts for live Q&A on gold, silver, uranium, and critical minerals. Get your FREE “Mining Market Mastery 101” worksheet and win signed books or free membership!
With markets heating up, seats are limited. Don’t wait — register today to turn volatility into profit and secure your financial edge!
MARKET REVIEW
Markets rebounded last week as investors celebrated April’s cooling inflation data, which outweighed tariff and trade uncertainty.
The PCE index came out to just 2.1% in April, lower than expected. Core PCE — the Fed’s preferred inflation gauge, which excludes more volatile food and energy prices — hit its lowest level since March 2021.
This helped investors brush off ongoing trade and tariff turbulence in the market. Like when one court blocked the tariffs, and another unblocked them on the same day. Or days later, when President Trump accused China of violating the terms of the current trade deal. Don’t ask us what the terms are — we’ve lost track.
When all was said and done, all three major indexes finished up around 1% for the week, and up sharply on the month. The S&P 500 notched its best May gain since 1990.
MARKET PREVIEW
On Monday, the ISM manufacturing PMI will be released.
Tuesday will feature several reports, including JOLTs job openings, factory orders, and the RCM/TIPP Economic Optimism Index.
Wednesday will be the ISM services PMI, ADP employment change, and an update to the average 30-year fixed rate mortgage.
Thursday will reveal new data related to the trade balance, imports, exports, and initial jobless claims.
On Friday, investors will gain insight into nonfarm payrolls, the unemployment rate, average hourly earnings, and the labor participation rate.
There's a new trade on Wall Street called the "TACO trade."
— Brew Markets (@brewmarkets)
6:13 PM • May 28, 2025
Introducing the TACO Trade: “Trump Always Chickens Out.”
Wall Street has noticed a new trend…
President Trump announces tariffs? Number go down.
President Trump repeals tariffs? Number go up.
This has happened several times this year, creating big spikes and dips.
Maybe we’ll buy some calls the next time Trump tweets about tariffs. With our luck, that’ll be when he decides not to repeal them.
BREAKING: Fed Chair Jerome Powell met with President Trump today at the White House, the first time they met
— unusual_whales (@unusual_whales)
5:34 PM • May 29, 2025
The line between politics and WWE is getting thinner by the day.
In the septuagenarian version of a cage match, President Trump and Federal Reserve Chair Jerome Powell went toe to toe to address their brewing beef over interest rate policies.
The Fed chair stated that he will continue to “make decisions on careful, objective, nonpolitical analysis.” JPow Pow. 🥊
Less than 24 hours since Google dropped Veo3 and people are already creating wild stuff!
13 insane examples 🧵👇
1. A giraffe riding a bike in NYC
— TechHalla (@techhalla)
3:04 PM • May 21, 2025
Google’s new Veo3 = scary good AI-generated video.
What are the implications of a text-to-video generator that creates high-quality video with audio? We’re about to find out.
AI-generated videos created by Google’s new Veo3 model have been going viral, and they’re really good.
This could dramatically impact commercials, marketing, gaming, movies, and who knows what else. Also, consider this your reminder that, these days, you really can’t believe everything you see online.
Sponsored by Equity Explorers
Join the 5-Day Investor Boot Camp at TheEquityExplorers.com now! Master mining stocks with top experts in live Q&A.
Learn to profit from gold, silver, uranium, and critical minerals in volatile markets.
Get your FREE “Mining Market Mastery 101” worksheet and win signed books or a free month’s membership!
Seats are limited — act fast to seize this opportunity! Register today and turn volatility into wealth!
AI is the next Manhattan Project, and THE UNITED STATES WILL WIN. 🇺🇸
— U.S. Department of Energy (@ENERGY)
1:47 PM • May 29, 2025
Sounds sinister…
The official US Department of Energy Twitter page declared, “AI is the next Manhattan Project.”
What exactly does it mean? Hopefully nothing as sinister as it sounds. Maybe they’re planning some sort of AI-powered doomsday device… but more likely just hefty government spending on semiconductors, data centers, and energy.
The AI sector has already been on a major bull run. Could it still have plenty left in the tank?
Breaking news: Elon Musk is formally stepping down from his role in the Trump administration after just five months, ending a tumultuous period during which he oversaw cost-cutting by the so-called Department of Government Efficiency.
on.ft.com/4dzrZRu— Financial Times (@FT)
2:52 AM • May 29, 2025
Elon’s DOGE days are over.
Stepping away from the public sector could allow Elon to refocus on Tesla, whose stock is down 14% YTD thanks to strong competition in the US, China, and Europe.
DOGE’s total savings? $180 billion, or just over $1,000 per person. Not exactly $2 trillion. Then again, I’m also not whipping down the Mediterranean coast in an autonomous taxi while AI does my job. Fool me once…
Reply