Trump's meeting with Canadian Prime Minister Mark Carney highlights the strained relationship, particularly regarding tariffs.

Shift to "Gloom and Doom", tax cut proposals for the wealthy, while asking ordinary Americans to cut back.

Budget Reconciliation and Tax Cuts, Medicaid Cuts: Republicans are seeking ways to cut Medicaid by $880 billion over 10 years, which is unpopular with voters.

Democrats face a strategic challenge balancing the demands of their progressive base with the need to win moderate swing districts.

Purging of the Pentagon

Intimidation of Harvard

potential for a confrontation between the Trump administration and the Supreme Court

Trump's tariff policies are facing criticism for increasing costs for American small businesses that rely on imported materials

Democrats a good chance to flip the House, Democrats would need to hold four potentially competitive seats and flip four Republican seats.

There are concerns about the increasing age of members of Congress, particularly in the Senate, with a median age significantly higher than in previous decades and compared to legislatures in other countries.

The administration reportedly followed a "well-planned blueprint, referred to as 'Project 2025,'"

The first 100 days were marked by an unprecedented number of executive orders,

Goal to Energize Base and Destabilize Establishment

Budget deficits will continue to grow.

Ladenburg MarketView Weekly provides a mixed picture, highlighting a potential disconnect between lagging consumer sentiment and underlying economic activity, as well as the anticipated impact of tariffs.

Consumer Confidence Decline

Jobs Report with Revisions

Negative Q1 GDP, but Strong Core Growth

Underlying Economic Strength Despite Headline GDP

Inflation Remains Elevated

Fed Rate Cut Expectations

Importance of ISM Services

Key Senate Races and Candidate Landscape

Midterm Environment Favors Democrats (for Open/Swing Seats)

Key House Races

Re-opening Alcatraz Prison

Legal Victory Against Trump Administration Targeting Lawyers

Retaliatory and Unconstitutional Executive Order

Proposed 2025 Federal Budget cuts

State Department: -84% ,EPA: -55%,HUD: -44%, Labor: -35%, Interior: -31%, HHS: -29%, NASA: ,-24%, Treasury: -19%, USDA: -18%, Commerce: -17%, Education: -15%, Energy: -9%, Justice: -8%, VA: -4%, Transportation: -5%, Defense: +13%, Homeland Security: +65% (Includes USAID)

58% believe that if a recession occurs, Donald Trump would be primarily responsible.

Marjorie Taylor Greene (R-GA)

Waltz Confirmation Hearing

the rapid decline in market volatility. VIX has dropped significantly

anticipate inflation decelerating towards +2.31% for the upcoming report, current macro data suggests potential for rate cuts

Federal employee initial jobless claims and government sector job cuts have been decreasing.

difficulty confirming a UN Ambassador. NSA Mike Waltz is mentioned as the likely choice

Rubio's portfolio has expanded to include four jobs, adding USAID and Architect of the United States

growing pushback from Congress

Senate overwhelmingly voted (59-49) to overturn the administration's "emergency" tariffs

federal district court judge, Fernando Rodriguez Jr., issued a 36-page opinion challenging the administration's use of the Alien Enemies Act of 1798

White House attempted to revoke TPS for over 600,000 Venezuelans but was blocked by a San Francisco judge

North Carolina Electoral Integrity

Victory Day as May 8th, aligning it with Victory in Europe Day, rather than November 11th

The Canada Liberal party lost a recent by-election, reducing their parliamentary seats by one.

Global Economic Slowdown and Quad4 Environment, Multiple data points strongly suggest a global economic slowdown

"Trumponomics" and its internal contradictions regarding tariffs, manufacturing, spending, and debt.

House Bill Expanding Judiciary Committee Power

Judicial Actions

the ongoing partisan divide

Generational Divide (Gen Z)

IRS and Harvard's Tax Exemption

covering various aspects including economics, immigration, government operations, the rule of law, appointments, retribution, foreign policy, and public perception.

Trump's first 100 days has had a minimal impact on the economy, so far.

Immigration remains a major focus of Trump's presidency.

Trump's efforts to reduce the size and scope of the federal government.

Trump's relationship with the legal system and established norms

Trump's frequent use of executive orders

retribution against perceived enemies is evident

Trump's foreign policy approach is characterized as transactional and unpredictable.

approval rating is starting near historical lows but has seen a slight increase.

Promises kept, including enacting tariffs, ending funding for gender transition, instructing agencies to cease promoting gender transition, firing woke generals, signing an executive order on birthright citizenship, increasing funding for military deportations, terminating IRA programs, and repealing certain AI rights.

A significant hurdle for the administration is the status of a budget bill.

David Perdue's confirmation as Ambassador to China

recession risk remains elevated, largely driven by policy-related uncertainty, specifically concerning tariffs. without a "fuller 'pivot' in tariff-related uncertainty," the odds of a recession are "better than even."

The Canadian federal election held yesterday resulted in a Liberal Party victory, led by PM Mark Carney

alarming reports of U.S. citizen children being deported alongside their mothers

Attorney General Pam Bondi, appears to be encouraging or directing immigration officials to disregard due process and legal constraints.

The pursuit of a third term is seen as legally improbable but serves to freeze the Republican Party's 2028 presidential nominating process, hindering potential candidates and benefiting Trump's ego and finances.

"100 Days, Billy Joel-Style" lyrics provides a satirical and critical perspective on the first 100 days of a hypothetical second Trump term

Declining Presidential Approval and Shifting Public Perception: Honeymoon Over

Only 37% approve of Trump's economic program

51% disapproving of his handling of immigration versus 47% approving

Executive Overreach and Erosion of Institutional Norms: Limits on Presidential Power, Use of Executive Orders

A Growing List of Administration "Mistakes" and Incompetence: Pete Hegseth: Harvard Funding Threat: IRS Commissioner Fiasco: Disastrous Tariffs: Budget Cuts and Reversals: Market Instability: HHS Secretary's Mishap:

"Executive Branch" Club: New Approach to Grifting: Targeting the Wealthy

Republican Division and Opposition (Limited)

Justice Department Policy Shifts and Controversies Under AG Bondi

Democratic Strategy in the House:

Internal Democratic Party Dynamics:

Sen. Adam Schiff's Assertive Role in the Senate:

Senator Susan Collins' Declining Popularity in Maine

Canadian Election Impacted by Trump: