Tucker: US is gearing up for a “big war” as the Pentagon’s 2027 budget has boosted up to $1.5T. “That’s a war budget, a big war budget. So I think it’s fair to expect, and all the signs suggest, that we’re going to have a big war soon.”

Tucker: US is gearing up for a "big war" as the Pentagon's 2027 budget has boosted up to $1.5T. “That's a war budget, a big war budget. So I think it's fair to expect, and all the signs suggest, that …

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Low rates push SPY valuation to 25× forward earnings, NVDA trades at 45× earnings, far above historical norms. The three longest and dominant US CAPEX cycles suggest a CAPEX downturn until early 2036.

When CAPEX history meets nosebleed valuations, the only direction for risk is down. “What lower short term rates have done is keep stock prices elevated & valuations stretched. That distortion shows up clearly in the data. The $SPY currently trades …

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