Good afternoon. 

It's Garrett, and I need to walk you through something that's about to reshape how you think about the next decade of trading.

Trump's about to announce his Fed chair pick, and the betting markets are screaming one name: Kevin Hassett.

This isn't just another Fed appointment. This is the first regime change since Volcker that actually matters for your money.

Look What 37 Years of Fed Sugar Built

Since 1987, every crash got rescued. Every crisis got drowned in liquidity.

Bernanke turned a $900 billion emergency program into $10 trillion over a decade. Markets learned: Don't worry, the Fed's got you.

Yellen kept rates artificially low while wages stagnated and asset prices exploded. Result? Your house costs triple what it should, but hey, your 401k looks great.

Powell's been running crisis management as standard operating procedure. Four-sigma events every year - volmageddon, repo spasms, SVB, Japan crash. Markets crash, Powell prints, everything inflates higher than before.

Tesla trading at 100x earnings? Normal. Nvidia worth more than entire sectors? Tuesday.

Watch What Happens When the Sugar Stops

Hassett's philosophy: Stop rescuing the system every 18 months.

That means when the next regional bank fails? Let it fail. When the next "too big to fail" hedge fund blows up? Let it blow.

No more emergency facilities that become permanent. No more targeted tools that target everything. No more "transitory" inflation that lasts three years.

When Apple drops 30% because money isn't free anymore, there's no Hassett Put coming to save it.

The Hassett Basket Takes Over

While mega-cap growth gets starved of cheap money, real assets start printing.

Energy pipeline companies with 8% yields suddenly look genius when treasuries pay 2%.

Industrial companies with actual factories, actual products, actual cash flows stop trading at discounts to companies that lose money on every sale.

Infrastructure stocks that got ignored for promising AI moon shots become the smart money.

This already happened in 2018-2019 when Powell first tried to normalize. Quality value crushed growth until COVID reset everything.

The 20-Year Cycle Flips

Every fund manager who's made their career buying dips and chasing narratives is about to learn what their predecessors knew before 1987: Fundamentals matter when money costs something.

Quality companies with real cash flows trade at premiums to speculation plays. Dividends matter when growth stops being free. Boring beats exciting when exciting goes bankrupt.

Energy, utilities, industrials, real estate - the stuff that actually powers the economy instead of just promising to disrupt it.

Want to dig deeper into positioning for this regime shift? I'm live every trading day in the pre-market breaking down exactly these macro moves and which specific names benefit. It's free for anyone.

JOIN MY FREE MORNING SESSION HERE.

Your growth portfolio built for the old regime is about to meet the new one.

The smart money is already rotating. The question is whether you're ahead of it or behind it.

Stay Positive

Garrett Baldwin