| | | AD | Is a "Trumpcession" on the Horizon? Here's What Many Investors Have Used to Diversify | | Data suggests market uncertainty may be back, with analysts debating if a recession—or "Trumpcession"—could be looming. When sticky inflation, high interest rates, and global trade tensions rise, many investors often diversify their portfolios accordingly. | So, what have the world's top investors bought in times like these? Surprisingly, they devote part of their exposure to alternative assets—including blue-chip contemporary art. Unlike stocks, which can swing wildly in either direction one day to the next, art has historically been uncorrelated to popular assets. In fact, even as tariff news began to rock markets, Sotheby's and Christie's recently hosted two headline art auctions. Masterworks, the leading art investing platform, has made it possible for everyday investors to invest in multimillion-dollar artwork offerings featuring legends like Picasso and Banksy across their 450+ offerings. Each of Masterworks' 23 exits to date has returned a profit. | Want in? Skip the waitlist here.* → | Investing involves risk. Past performance is not indicative of future returns. See important disclosures at Masterworks.com/cd. |
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| | | WHAT WE'RE WATCHING | | 🏆 Liberals win Canadian elections. Prime Minister Mark Carney's Liberal Party appears headed for victory in yesterday's Canadian federal election, leading with 161 seats to the Conservatives' 150. The unexpected turnaround followed President Trump's threats, which sparked a surge in anti-US, anti-conservative sentiment. The results highlight the significant influence of the US, with Trump's rhetoric on the "51st state" and tariffs helping to thwart what may have been a Conservative victory. | 📊 Trump battles polls showing 39 percent approval. President Trump attacked major polling organizations after an ABC/Washington Post survey revealed his approval plummeting to 39 percent. The president demanded investigations into what he called polling "election fraud" as multiple surveys indicate growing voter concern over his agenda. The numbers reveal deepening resistance specifically to Trump's economic policies. | ⚖️ Trump orders sanctuary city crackdown list. The president directed Attorney General Bondi to compile and publish a list of sanctuary jurisdictions violating federal immigration law. The administration will identify and go after states and cities obstructing federal immigration enforcement officials. This initiative launches a new phase in Trump's confrontation with Democratic strongholds over his tough deportation policy. | 🌚 Spain's renewable grid collapsed into darkness. Spain and Portugal suffered a catastrophic power failure that cascaded across the Iberian Peninsula, occurring just days after Spain celebrated running entirely on renewable energy. Officials blamed a "rare atmospheric phenomenon" for destabilizing the grid, which relied on solar and wind for 78 percent of generation. The crisis exposes fundamental weaknesses in grids dependent on intermittent power sources without adequate backup systems. |
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| | | INSIDER RADAR | JD Vance on a Russia-Ukraine peace deal | | Insiders behind the paywall: JD Vance, Colin Carroll, Pete Hegseth, Chuck Grassley, Kash Patel, and Mike Johnson. |
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| | | HOAX TRACKER | "ICE Deportations Target US Citizen Children" | |
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| | | | QUICK AND IMPORTANT | Rep. Shri Thanedar (D-MI) introduced seven articles of impeachment against President Trump. The White House displayed on its lawn roughly 100 mugshots of migrants arrested for violent crimes. IBM announced a $150 billion investment in US manufacturing, including over $30 billion for research and development. The Feds raided an MS-13–linked Colorado nightclub, detaining 114 illegals and seizing drugs and weapons.
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| | | INSIDER EXCLUSIVE | | Inside the task force bankrupting Jew-hating campuses | In early February, the Trump administration announced the formation of a task force to fight against campus antisemitism. | Since then, they have made waves by cancelling billions of dollars in federal grants, forcing one university to change its practices and another, Harvard, into court… | Read Now |
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| | | THE MAIN STORY | Cuomo seeks a comeback after COVID butchery | | WHAT'S HAPPENING_ | Andrew Cuomo is leading the race for New York City mayor, just four years after resigning in disgrace as the governor of the Empire State over a litany of sexual harassment claims. | But his comeback is also haunted by the deadly consequences of his leadership during the COVID-19 pandemic. | As governor, Cuomo issued a directive in March 2020 that forced nursing homes to accept COVID-positive patients and then concealed the actual death toll from the public. Despite this, Cuomo is now the Democratic frontrunner, backed by major unions and polling well ahead of his rivals ahead of the June 24 primary. | | _THE FACTS_ | Cuomo's March 25, 2020, directive forced nursing homes to accept COVID-positive patients, leading to thousands of deaths among vulnerable elderly residents. A 2022 state comptroller report found Cuomo's Health Department "understated nursing home deaths by as much as 50 percent" during the pandemic. When questioned about nursing home deaths, Cuomo infamously responded, "Who cares [if they] died in the hospital, died in a nursing home? They died." New York taxpayers have paid over $60 million for Cuomo's legal battles related to sexual harassment allegations, his book deal, and nursing home COVID policies. Protesters recently disrupted a "Black Agenda" forum, chanting "Cuomo lies, people die" in reference to his nursing home policies. Cuomo is the clear frontrunner: in March polling, Cuomo led the Democratic field with 39 percent support, with his nearest competitor at just 15 percent. New York City's largest private sector union — a healthcare union — endorsed Cuomo, adding to his list of labor supporters. He has avoided debates and is limiting appearances to controlled settings. Progressive mayoral candidates are coordinating their campaigns against Cuomo, hoping to use ranked-choice voting to defeat him in the June 24 primary.
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| _OUR INSIGHTS _ | Insights and analysis are for members only. | | Insights behind the paywall: Eric Adams, Zohran Mamdani, and Cuomo's lawsuits. |
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| | | MEDIA BIAS SPOTTER | How left and right outlets frame Canada's election results | | Mentioned behind the paywall: BBC, Axios, The Daily Caller, and RedState. |
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| | | THE DAILY DEBATE | 📊 What do you suspect cost Canada's Conservatives the election?Results will be in tomorrow's newsletter | | | POLL RESULTS FROM YESTERDAY | Do you think it would be justified for Trump to start ignoring federal courts? | 🟩🟩🟩🟩🟩🟩 👍 Yes (489)
🟨🟨🟨🟨⬜️⬜️ 👎 No (352)
🟨⬜️⬜️⬜️⬜️⬜️ 🤔 Unsure (140)
⬜️⬜️⬜️⬜️⬜️⬜️ 💬 Other (28) | 👍 Yes: "With what's at stake, I think our founding fathers would have done the same." — Cam 👎 No: "He must uphold the rule of law across the nation by following the law himself. He can always appeal." — Anonymous 🤔 Unsure: "It sets a precedent for future administrations and could effectively lead to the end of America as a Constitutional Republic..." — Lea 💬 Other: "It's not about ignoring federal courts, it's about not allowing clearly corrupt and compromised judges to twist the actual rule of law to their liking." — Jim | | | | 1,009 votes |
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| | | POP QUIZ | What did Trump order Attorney General Bondi to do regarding sanctuary cities? | |
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| Today's newsletter was written by Brandon Goldman, Anthony Constantini, and Ari David. We scoured 100s of sources to bring you stories and insights you won't find in the mainstream media. | | Unlock full access | Get everything members love — complete daily news, expert analysis, and premium coverage on geopolitics, D.C., and the conservative movement. | |
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