Today’s 🚦Signal & Noise is a video edition. I’ve been on the road lately and left all the heavy tech behind—just me, my iPhone, and a stubborn pair of thumbs. This post was written and recorded entirely on my phone. No laptop. No tablet. So if you spot a few big-thumb typos…now you know why.
So here goes a quick summary.
While you were mainlining hot dogs and pretending sparklers are safe for toddlers, Congress snuck in the One Big Beautiful Bill Act—a patriotic piñata for real estate pros and small biz owners. Permanent 20% QBI deduction? Bonus depreciation is back, baby. And 1031 exchanges live to defer another day.
It seems the tax nerds have much to be giddy about in this bill.
Meanwhile, Bitcoin hit $117k. Why? Institutions want it. Congrats, your dogecoin latte is finally IRS-approved. Just remember, volatility is the real boss here.
NVIDIA and Amazon dragged the Nasdaq to new highs on AI hype fumes. But wait—there’s a tariff tantrum brewing with Japan and South Korea. That sound you hear is your GPU crying.
Check out the piece from DFA called Geopolitical Jitters. It’s worth it.
That’s a Wrap
Have a great weekend. Stay cool. Drink an ice cold Topo Chico. You will thank me later.
Off to hug my new grandson Charlie,
Lawain
