Macro / Misc.

We believe the concerns over cuts/changes to the Supplemental Nutrition Assistance Program (SNAP)/food stamp program are overblown as a result of the Republican sweep, whether RFK Jr. is confirmed as Secretary of Health and Human…

With Congress in the second week of the lame duck session and as President-elect Trump continues to make headlines, there are several issues important to investors that we want to touch base on, including:   How…

If taken individually, we would expect Tulsi Gabbard, Matt Gaetz and Robert F. Kennedy Jr. all to lose their confirmation battles and either have their names withdrawn for consideration or lose a Senate floor vote….

Investors should keep an eye on whether Texas Lt. Gov. Dan Patrick (R-TX), an opponent of legalizing sports betting, is appointed to a position in the Trump administration, as some reports have speculated given his…

Key Takeaways:   We see the ~60% China tariffs being implemented before the tax cuts are passed and likely within the first 100 days.   We believe there’s a very good chance tax cuts pass…

In positive news for DKNG, CZR, MGM and PENN, Louisiana state Rep. Roger Wilder (R) withdrew his bill this morning that would hike taxes on sports gambling from 15% to 51%.  Yesterday, we wrote here…

We doubt that legislation introduced yesterday by State Rep. Roger Wilder (R) to increase the sports Gross Gaming Revenue (GGR) tax from 15% to 51% in Louisiana will be passed in the special session, which…

Congress is back next week for the lame duck session and there is a laundry list of items that various constituencies would like to see enacted. Meanwhile, it still looks like the Republicans will maintain…

A Trump victory has wide ramifications for taxes, trade, M&A as well as for many various sectors like healthcare, infrastructure, consumer, and others. Republicans have won back the Senate and, as of publication, the House…

We continue to believe Trump has the slightest of edges in the election. The GOP is likely to win three Senate seats, giving them a 52-48 advantage, and the House is very close with a…