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The Fed Can Buy Any Public Company. Nobody's Talking About It.
The Federal Reserve can legally buy any publicly traded company outright — no permission required. Jerremy Alexander Newsome and Dave Conley open with the Dow hitting a record 53,058, though Jerremy flags SanDisk and Micron as stretched after their runs. Dave counters that AI now makes up roughly 40% of the Nasdaq, a concentration risk the Fed has no playbook to unwind. They dig into SpaceX's 45% three-day round trip as a sign speculative money is moving fast with no fundamentals attached. The back half turns to politics: progressive challengers beating corporate-backed Democrats in primaries…
The skinny
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