#Democrats Examine #ElonMusk ’s Role in Suspension of #Business #Disclosure Law

Lawmakers have asked the #Treasury Department for information on how Mr. #Musk may have influenced the decision to end enforcement of the #CorporateTransparencyAct.
#transparency

https://www.nytimes.com/2026/03/30/business/lawmakers-probe-elon-musk-treasury.html

undefined | Mike Santoli: The burden of proof rises for bulls as stock market is mired in 5-week losing streak

The S&P 500 has now endured a five‑week losing streak, slipping about 9 % from its recent peak. Investors are wrestling with a mix of geopolitical uncertainty – the lingering Iran conflict and its impact on energy markets – and the prospect that a rapid de‑escalation could quickly reverse sentiment. Technical signals remain weak: the index has failed to hold the 100‑ and 200‑day moving averages and the recent quarterly low, and history shows that five‑week declines often precede modest near‑term returns rather than swift rebounds. Consequently, the “burden of proof” is shifting to bullish hands while long‑term risk‑reward remains favorable for patient capital.

Valuations have retreated to the lower end of their three‑year range, with the Nasdaq‑100 trading around a forward P/E of 21.5 and the S&P 500 near 19.4, down from the 23‑point high seen in October. Yet these figures mask underlying pressures: AI‑driven growth expectations are inflating price multiples, while the biggest U.S. tech companies are converting free cash flow into capital‑intensive data‑center builds. Large‑cap banks have held steady amid private‑credit strain, and semiconductors are wobbling after a bout of profit‑taking. Fund‑manager activity remains subdued, prompting concerns that the “long‑only” community may soon “unfreeze” and start trimming risk, especially as ETF outflows begin to reverse only modestly.

Looking ahead, analysts are watching a potential support zone around 6,150 for the S&P 500 – roughly 3‑4 % below the most recent close and near the February 2025 peak that preceded a near‑20 % drop. Should the market breach this level, it would likely signal a broader reset of valuations and expectations, dovetailing with the multimonth, mid‑term downturn traditionally seen in election years. With Treasury yields, oil prices, volatility and the dollar all climbing, financial conditions are tightening and the upside narrative will require concrete proof before bullish optimism can regain footing.

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#mikesantoli #s&p500 #nasdaq-100 #u.s.techcompanies #treasury

If Trump likes Sharpies so much, use them to black-out his signature on all future paper currency as a sign of protest. https://home.treasury.gov/news/press-releases/sb0425

#NoKings #NoTrump #Trump #Treasury #Signature #Currency #Fascism #Fascist #Epstein #EpsteinFiles #Sharpie #Dictator #Felon

The Treasury just announced that Trump’s signature will appear on new U.S. dollar bills, making him the first sitting president to have his name printed on currency. #Trump #Currency #Treasury #News

The change would replace the U.S. Treasurer’s signature for the first time in over 160 years, starting with new $100 bills. Supporters tie it to the 250th anniversary of the country, while critics say... https://instagr.am/p/DWXl7E0jC3D/

This is sick

#Trump’s signature to appear on paper currency, #Treasury says, ending 165-year tradition - Reuters https://apple.news/ApIamOTsEQRGxQ3Y0X6sIIQ

AYFKM??!!

#US #Treasury working to put Trump's signature on new paper #currency in first for sitting president

It’s the latest instance of #Trump putting his name & likeness on US cultural institutions, following his renaming of the US Institute of Peace #USIP, the #KennedyCenter performing arts venue & a new class of battleships, among other tributes.

The plans come in tandem with an ongoing effort to get Trump’s face on a #coin.

#NoKings #authoritarianism #law
https://apnews.com/article/trump-currency-signiture-treasury-first-d919877e39f907eba1172a07920ea80e