Now, days after calling anything and everything Epstein-related a "hoax", comparing to Russia-gate and Hunter Biden's "Russian disinformation" laptop, President Trump is calling on AG Pam Bondi to release more information, including sealed grand jury testimony.
This new approach appears after the venerable Wall Street Journal reported late Thursday that it had unearthed a bawdy birthday letter from Trump to Epstein with a drawing of a naked woman, an acknowledgement that the two "have certain things in common," and a wish for "every day [to] be another wonderful secret."
Trump has responded by threatening to sue the newspaper, saying that he never wrote the letter in question.
“This is not me. This is a fake thing. It’s a fake Wall Street Journal story. I never wrote a picture in my life. I don’t draw pictures of women. It’s not my language. It’s not my words.”
-President Donald J. Trump
This latest revelation begins to suggest that this entire chapter of American politics has been planned and rehearsed, designed to confuse the American public and destroy confidence in the president while stripping away his MAGA support. When all is said and done, including Epstein's procurer of young ladies, Ghislaine Maxwell, testifying to congress, nothing will come of it. There are too many careers at stake among the rich, powerful, and politically-connected for the information to be revealed fully to the unwashed masses.
Jeffrey Epstein was almost certainly an intelligence asset of either MI6, the CIA, or Israel's Mossad, or even all three. The current disclosures, Trump's denial of involvement, congress seeking transparency is all more cheap theater and the elites that control the U.S. government and large swathes of the economy. The likelihood of anything substantial being released is close to zero.
Meanwhile, Wall Street ignores the issue completely and has charged higher during the week, with the S&P and NASDAQ making new all-time highs again on Thursday, with the Dow lagging, still 530 points from its record close on December 4, 2025, at 45,014.04.
As of Thursday's close, the Dow was ahead by 113 points for the week. NASDAQ is up 298, with the S&P sporting a gain of 37 points.
The first week of second quarter earnings season featured generally-positive results from big banks, some disappointment and also some strong showings in the chip sector. Friday morning featured earnings reports from Huntington Bank (HBAN), Truist Financial (TFC), American Express (AXP), Ally Bank (ALLY), 3M (MMM), Regions Bank (RF), Charles Schwab (SCHW), and Comerica (CMA), helping futures maintain a positive footing, though marginal.
It's been a trying week for the president and his associates, though they're showing few signs of stress.
Retail sales were up for June.
Gold and silver are on the move Friday morning, with gold at $3,366 and silver threatening $39 again, at $38.78, sloe to the high of the week. Crude oil continues to languish in the nid-60s. WTI is quoted at $67.10 just after 9:00 am ET.
At the Close, Thursday, July 17, 2025:
Dow: 44,484.49, +229.71 (+0.52%)
NASDAQ: 20,885.65, +155.16 (+0.75%)
S&P 500: 6,297.36, +33.66 (+0.54%)
NYSE Composite: 20,589.52, +103.78 (+0.51%)
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