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We talked to 12 tarot card readers who are using AI. They split in 2 camps, with big implications for the technology


Of course, the urge to seek answers from forces beyond ourselves is hardly new. For generations, people have turned to psychics, astrology charts or tarot cards for reassurance.

Once fringe, these practices have increasingly become mainstream. According to a 2025 Pew Research survey, nearly 1 in 3 Americans consult tools such as tarot or astrology at least once a year, interest that’s thought to largely be fueled by Gen Z and social media.

Now, we’re seeing these two forces – AI and occult practices – meeting in strange and fascinating ways. An increasing number of tarot readers, from novices to seasoned practitioners, have been turning to AI to help make sense of their tarot readings.

What makes this pairing so striking is that interpretation is the whole point of tarot. And yet AI often brings little knowledge of your history or your unique situation when it dispenses advice.

In a study published in April 2026, we examined which aspects of the practice that tarot readers were delegating to AI, and how the technology was shaping their interpretations.

Watching what happens when readers hand that important interpretive step to AI may offer a glimpse of what helpful AI guidance could look like – and where it could go wrong.

The mainstreaming of occult practices

Tarot cards are experiencing a revival.

Tarot did not start out as a spiritual or fortune-telling tool. It began as a popular card game in the Italian Renaissance, before spreading across Europe.

Over time, readers and occultists layered the cards with mystical symbolism drawn from Kabbalah, Egyptology, numerology and other mystical and symbolic traditions. In the early 20th century, the British publisher William Rider & Son released the Rider-Waite-Smith deck, which became the most popular tarot deck in the English-speaking world.

Whereas only a handful of tarot decks were being published in the early 1970s, today thousands of tarot and oracle decks are in circulation. A standard tarot deck contains 78 cards, each carrying its own symbolic meaning. Practitioners use the cards to sit with hard questions, which can range from difficult relationships to world events: Should I leave my partner? Is this job worth it? What’s going to happen with Donald Trump and the Strait of Hormuz?

After cards are pulled, their meanings are interpreted through the lens of the reader’s question, circumstances and life history.

Someone asking about a relationship and drawing the Tower card, for instance, might read it as impending rupture, or as false assumptions finally giving way. Which reading fits depends on the other cards, the specific question and what the reader already knows about their own situation.

This stands in contrast to AI, which is primed to produce a seemingly definitive answer, even when it’s unaware of the nuances of your situation and context.

The adoption of AI in tarot reading

For our study, we interviewed 12 tarot practitioners about their use of AI in readings they did for themselves.

They generally found themselves pulled in two directions.

On the one hand, they often sought explicit guidance from AI in the process of self-reflection. By using AI to interpret the cards, they could sidestep the frustration of interpreting many cards in light of the question asked.

Say someone drew the Fool and the Ten of Wands for a question about a career change. The Fool points toward a leap into the unknown, while the Ten of Wands speaks to burnout and an unsustainable load.

But do the cards say, “Leave, you’re exhausted and something better awaits”? Or “Leave, and the new job will be just as demanding”?

Rather than sit with that ambiguity, some readers simply ask the AI for the meaning of the reading.

An attendee at Google’s 2025 I/O developers conference wears Android XR glasses with Gemini AI, which she’s using to interpret a tarot card. Camille Cohen/AFP via Getty Images

For more challenging readings, AI’s “yes man energy” helped them feel more confident about their interpretations. This was true for cases where participants both drew physical tarot cards and then interpreted them with AI, or used AI to directly simulate tarot readings.

These uses of AI are seductive. They make the act of self-reflection less demanding. But within the broader tarot community, we found a lot of criticism of AI, and there were concerns about how the sycophantic nature of the technology could undermine people’s intuition and reasoning.

AI as a tool for critical engagement

On the other hand, the tarot readers we interviewed also used AI as a tool to challenge their own biases and assumptions – blind spots in their readings, or what they might be missing in their own interpretation of the cards.

Along these lines, they used AI to generate alternative perspectives so they could compare the different interpretations and see which resonated more. And some even asked for an “objective reading” of the cards, because AI appears to have no skin in the game and be unburdened by personal biases or motives.

Many readers did this when they didn’t want to “bug” or “pester” their friends for help with a reading. Instead, they relied on chatbots in a one-sided relationship that feels supportive – an example of what scholars call parasocial interaction.

Some interviewees even treated bizarre AI-generated outputs or hallucinations as meaningful precisely because they were random and unintended, the same way that a card drawn at random feels like it carries a secret message.

What does this mean for the future of AI?

AI is becoming a powerful new oracle in its own right.

In one recent survey, researchers found that up to 87% of generative AI users are consulting the technology for “personal applications,” which includes advice and emotional support for relationship conflicts and mental health struggles.

Sometimes these chatbots are genuinely helpful. But at the same time, advice seekers can also become emotionally dependent. Some rely on the technology for companionship and guidance instead of friends and family. Chatbots have also been found to nurture delusional beliefs and even lead to self-harm.

Meanwhile, professionals that regularly give guidance are using AI in their practice, from lawyers to therapists and even priests. Pope Leo XIV recently urged priests to resist the temptation to use AI to write sermons.

We think it’s important to make sure the technology isn’t seen as an all-knowing source of truth. It can certainly open up users to new ideas, but it should be a tool to enhance self-reflection, rather than one that serves as a substitute for it.

In some cases, that’s what the tarot readers in our study did. They tapped into their own capacity for reflection by using AI to explicitly challenge their own biases and assumptions. This points to an alternative blueprint for the future of AI – one in which the technology doesn’t simply hand you answers but keeps you actively engaged in the process of finding them.

Ziv Epstein, Postdoctoral Associate, Schwarzman College of Computing, Massachusetts Institute of Technology (MIT); Farnaz Jahanbakhsh, Assistant Professor of Electrical Engineering and Computer Science, University of Michigan, and Vana Goblot, Lecturer in Media, Communications and Cultural Studies, Goldsmiths, University of London

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

How I Pick My Stocks: Investing For Beginners



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Bad Timing Does Not Cost Investors 15% of Their Funds’ Returns


Jon A. Fulkerson, Bradford Jordan, Timothy Brandon Riley, CFA, and Qing Yan

New research challenges Morningstar’s “Mind the Gap” findings, showing mutual fund investors lose just 0.10% annually from poor timing—not the widely cited 1.2% return gap.

This Quantum Computing Company Has Every Big Tech Firm Quietly Paying Attention


Quantum computing has the potential to be the next big technological breakthrough after artificial intelligence (AI). However, this is an emerging technology that is still many years from going mainstream and being commercially useful.

While many companies are going after this opportunity, there is one company the big tech companies are closely watching: IonQ (IONQ 9.61%).

Image source: Getty Images.

IonQ is an accuracy leader

There are a few reasons why IonQ is likely the quantum computing company that big tech is paying attention to right now. The first reason is that the company is pursuing a different technological roadmap than most players, and it’s proving to be successful.

One of the biggest issues facing quantum computing today is accuracy; however, IonQ’s trapped-ion technology has proven to be one of the most accurate, with the company achieving 99.99% 2-qubit fidelity (accuracy). While that sounds highly accurate, for computing, it is still error-prone, but it is at the level where the company can start using other error-correcting techniques to help develop a fault-tolerant quantum system.

IonQ Stock Quote

Today’s Change

(-9.61%) $-5.52

Current Price

$51.95

Quantum computing faces accuracy issues because instead of using bits, which are in a fixed state of being a 1 or 0, quantum computing uses qubits, which are in a mathematical combination of both states simultaneously. This makes them very sensitive to external factors such as vibrations and temperature changes. IonQ’s trapped-ion technology diverges from most competitors by starting with actual ytterbium atoms, which are inherently more stable than lab-created qubits.

The company then made a breakthrough following its acquisition of Oxford Ionics, enabling it to go from keeping its ion traps in place with lasers to controlling them with microwave signals built directly into its chips. This will also allow it to shrink the size of its systems.

In addition to hitting impressive fidelity milestones, another reason big tech is watching IonQ is that the company is looking to control the entire quantum ecosystem. It has made acquisitions in several areas, including quantum networking, sensing, and satellite transmission.

IonQ is even in the process of becoming vertically integrated, with the company in the midst of buying leading quantum foundry SkyWater Technology. This deal should allow the company to test prototype chips more quickly and eventually help it scale when it is time to commercialize its systems.

Is the stock a buy?

IonQ is perhaps the most interesting of the pure-play quantum computing stocks, given its accuracy edge. However, this race is far from over, and while its approach has been shown to be accurate, it lags behind competitive approaches in speed. As such, the stock remains speculative, and I’d only hold a small position.

Uber One Member Days: Save on Rides, Best Buy, Sephora, Kroger and More


Uber One Member Days

Member Days is back! To celebrate Uber One members, the annual deals event is returning with lots of offers across rides, restaurants, groceries, retail, beauty, and so much more for 10 days. It starts today, and runs through May 24, 2026.

However you choose to move, eat or shop, here’s a look at some of the top offers in the US.

Rides and Travel:

  • Delta: earn your share of 56 million bonus miles with Delta – the first 14K linked Uber One members who complete 4 qualifying orders and 4 qualifying Premium rides will earn 4K bonus miles. Ends 6/1. Must Enroll. Terms apply.
  • Marriott Bonvoy: 100 million Marriott Bonvoy bonus points are up for grabs – Link your accounts and complete 1 qualifying ride and 1 qualifying order on the same day to earn 2.5K bonus points. Ends 5/31. Must enroll. Terms apply.
  • Airport Rides: get 20% off all airport trips excluding UberX, up to $20 per trip, to close out Member Days, on May 23 and 24 only.
  • Evening Rides: roll into Member Days with 30% off evening rides, up to $10 off per trip, between 6pm and midnight on May 15 and May 16. 
  • Premium Rides: turn every trip into a premium experience with 25% off, up to $15 off per trip, Uber Black or Uber Premier.
  • Uber Rent: experience Uber Rent and get $25 in Uber One credits.
  • Uber Share: get 50% off UberX Share trips, up to $12 off per trip, on May 21.
  • Lime: get 5 free unlocks on Lime e-scooters or e-bikes from May 22-24.

Retail and Eats:

  • Fandango: unlock movie savings and perks all year with 50% off a Fandango FanClub Membership
  • Sephora: $20 off, plus $10 for Beauty Insiders, for up to $30 off $100+ orders
  • Best Buy: $25 off $75+ orders of tech, toys, and more
  • Kroger: 30% off grocery orders of $75+
  • Domino’s: 50% off pizzas for Uber One members
  • Subway: BOGO select 6 inch subs
  • McDonald’s: get a Big Mac® or 10pc McNuggets meal for free with $20+ order
  • Popeyes: BOGO Signature Chicken 
  • Wingstop: 10 free boneless wings with $25+ order
  • Starbucks: free breakfast sandwich or wrap with $18+ order
  • Taco Bell: free Nachos BellGrande® with $20+ order
  • Chipotle: free entrée with $20+ orders
  • Gatorade: $4 off $11+ orders

Terms & conditions apply. See Uber app for specific offer details.

Save on an Uber One Membership

Save on an Uber One Membership

Uber One costs $9.99 per month or $99 for an annual subscription. Benefits include $0 delivery fees on eligible orders, 6% back on rides, and up to 10% off eligible orders.

But you don’t have to pay the full price, or pay anything at all if you have the right card in your wallet.

The Platinum Card® from American Express for example gives you $120 in statement credits every year for Uber One membership cost, and $200 in Uber Cash. The American Express® Gold Card also has an Amex Offer for a free year of Uber One and it also offers $120 in Uber Cash annually. Amex Delta cards also have Uber One credits for up to 12 months.

The First Step to Buying a Home


Buying a home is an exciting milestone, especially for a first-time homebuyer. Before you start browsing listings or touring homes, there is one critical step that can save you time, stress, and uncertainty: getting a mortgage pre-approval.

Starting the homebuying process with a mortgage pre-approval helps you understand your budget, strengthens your offer, and positions you as a serious buyer in a competitive market.

What Is a Mortgage Pre-Approval?

A mortgage pre-approval is a lender’s conditional commitment to lend you a specific amount of money for a home purchase. It is based on a thorough review of your financial profile, including your income, assets, credit history, and debts.

Once approved, you’ll receive a mortgage pre-approval letter that outlines how much you may be able to borrow. This letter can be shared with real estate agents and sellers when submitting an offer.

For first-time homebuyers, this step provides clarity and direction before beginning the home search.

Mortgage Pre-Approval vs. Pre-Qualification

Many homebuyers use these terms interchangeably, but they’re not the same.

A mortgage pre-approval involves verified financial documentation and a credit review. It is part of the formal loan process and carries more weight with sellers.

A pre-qualification is a general estimate based on self-reported information. It is helpful for early planning but doesn’t provide the same level of confidence or credibility.

If you’re serious about buying a home, a mortgage pre-approval is the stronger and more reliable option.

Why Mortgage Pre-Approval Matters When Buying a Home

Know what you can afford

One of the biggest challenges when buying a home is understanding your true budget. A mortgage pre-approval removes the guesswork by giving you a clear price range based on verified financial data.

You can also explore estimated monthly payments using tools like APM’s mortgage calculator here. This allows you to align your home search with what comfortably fits your financial situation.

Strengthen your offer

In a competitive housing market, sellers want confidence that a buyer can close the deal. A mortgage pre-approval letter signals that your finances have been reviewed and that you’re ready to move forward.

For a first-time homebuyer, this can make a meaningful difference when competing against other offers.

Save time during your home search

Without a mortgage pre-approval, it’s easy to spend time looking at homes outside your price range. With a clear budget in place, you can focus on properties that align with your financial goals.

This creates a more efficient and less stressful homebuying experience.

Understand your monthly payment

Buying a home isn’t just about the purchase price. Your monthly payment includes principal, interest, property taxes, homeowners insurance, and potentially mortgage insurance.

A mortgage pre-approval helps you understand what your payment may look like so you can plan accordingly.

Identify opportunities to improve your financial profile

The pre-approval process provides a detailed look at your financial situation. If there are areas that need improvement, such as credit score or debt level, you can address them early on.

This is especially helpful for first-time homebuyers who may be navigating the process for the first time.

Be prepared for costs

Many buyers focus on the purchase price but overlook the additional costs associated with buying a home. A mortgage pre-approval includes estimates for closing costs, giving you a clearer picture of your total financial commitment.

For additional guidance, APM offers a helpful free resource for first-time homebuyers: https://www.apmortgage.com/fthb-guidebook.

How Long Does a Mortgage Pre-Approval Last?

A typical mortgage pre-approval is valid for about 60 days. If your home search takes longer, you may need to update your financial information to renew your pre-approval.

Keeping your documentation current ensures that your buying power remains accurate throughout the process.

What Do You Need for a Mortgage Pre-Approval?

To get pre-approved, you will typically need to provide:

  • Proof of income, such as pay stubs or tax returns
  • Bank statements and asset documentation
  • Employment verification
  • Credit history authorization
  • Information about existing debts and obligations

Working with a knowledgeable Loan Advisor can help streamline this process and ensure that nothing is overlooked.

Why Mortgage Pre-Approval Is Especially Important for First-Time Homebuyers

For a first-time homebuyer, the homebuying process can feel overwhelming. A mortgage pre-approval provides a clear starting point and a roadmap for what comes next.

It helps you:

  • Understand your buying power
  • Set realistic expectations
  • Avoid delays during the loan process
  • Move forward with confidence

Having a trusted mortgage advisor can make all the difference in navigating your first home purchase.

Frequently Asked Questions About Mortgage Pre-Approval

What is mortgage pre-approval, and why is it important?

Mortgage pre-approval is a lender’s verified estimate of how much you can borrow. It’s important because it helps you understand your budget and strengthens your offer when buying a home.

How is mortgage pre-approval different from pre-qualification?

Mortgage pre-approval involves verified financial documents and a credit check, while pre-qualification is based on unverified information and provides only an estimate.

Does mortgage pre-approval guarantee a loan?

No. A mortgage pre-approval is a conditional commitment based on your current financial situation. Final approval depends on additional factors, including the property and updated documentation.

Can a first-time homebuyer get pre-approved?

Yes. Mortgage pre-approval is one of the most important steps for a first-time homebuyer and helps establish a clear path forward in the homebuying process.

How long does it take to get pre-approved?

In many cases, mortgage pre-approval can be completed within a few days once all required documentation is submitted.

Start the Homebuying Process with Confidence

Anyone can say they want to buy a home. A mortgage pre-approval is what turns that intention into a real opportunity.

By starting with a mortgage pre-approval, you gain clarity on your budget, prepare for the costs of buying a home, and position yourself as a serious buyer in the market.

At American Pacific Mortgage, our employee-owned model means your success is our success. Our Loan Advisors take a consultative approach to help you navigate the mortgage pre-approval process and move forward with confidence.

To get started, connect with a local APM Loan Advisor: https://bit.ly/APMLoanOfficer.



Trump says Xi agrees Iran must open strait, China says war should not have started




Trump says Xi agrees Iran must open strait, China says war should not have started

Webull $150 Bonus With $1,000+ Deposit Via Finder + Fractional Share


The Offer

Direct link to offer (if you use this link $25 will be donated to our charity partner. We receive $0 to remain unbiased)

  • Finder is offering a $150 Visa giftcard when you sign up for a new Webull account and make your first deposit of $1,000+. You also get $20 worth of Fractional shares from Webull and one month of Webull premium.

The Fine Print

Who can participate?

  • Legal US residents, 18+.
  • New Webull customers who apply via Finder during the Promotion Period.
  • Finder Member account required.
  • Limit one Reward per person (first-time customers only).

Reward requirements

  • Sign up or log in to your Finder Member account.
  • Apply for and open a new Webull account using the Finder promotional link during the Promotion Period.
  • Deposit $1,000 or more into your new Webull account within 7 business days of clicking the Finder link.
  • Use the same first name, last name, and email on Finder and Webull.

Our Verdict

Webull has so many frequent bonuses it’s hard to keep track of the best deals. There is a referral match bonus for up to $5,000 currently but it requires a long 5 year hold time so other brokerage bonuses are probably a better option. 

I think this is a good option, but might be worth waiting to see if I’ve missed anything like a better offer (please correct me in the comments). 

How Trump’s ‘unusual’ brokerage account traded around his own market-moving decisions



On Feb. 10, an AI founder named Matt Shumer published a 5,000-word essay arguing that most of the world was sleepwalking into a crisis akin to coronavirus, but only tech people knew what was coming. The essay would be viewed nearly 87 million times and crystallized a fear that would engulf Wall Street by the end of the month: AI wasn’t just a boom story. The technology could hollow out entire industries like software engineering, which had been investors’ golden child. 

The day Shumer published the essay, Wall Street didn’t panic. Instead, the Dow closed at a record. But for one brokerage account, something big was happening indeed.

The account in question is held in the name of President Donald Trump. According to a spokesperson from the Trump Organization, the Trump family’s privately held conglomerate, the accounts are operated by third-party financial institutions, which have “sole and exclusive authority over all investment decisions.” Trades, the spokesperson wrote in a statement to Fortune, are executed through “automated investment processes and systems administered by those institutions,” and neither Trump, his family, nor the Trump Organization play “any role in selecting, directing, or approving specific investments.”

Davis Ingle, a spokesperson for the White House, told Fortune that Trump’s assets are in a trust “managed by his children” and “there are no conflicts of interest.”

When asked about the apparent tension with the Trump Organization’s statement that the third-party institutions are the “sole” authority over the trades, Ingle told Fortune to “defer to Trump Org.”

On Feb. 10, in the account’s biggest move of the quarter, it sold $5 million-to-$25 million each of Microsoft, Amazon, and Meta—the AI hyperscalers cast as central to American dominance in the technology. The trade was disclosed in the 113-page periodic transaction report the Office of Government Ethics released on May 14. 

At the same time, the filings show, Trump’s account bought into the “SaaSpocalypse” Shumer’s essay predicted. It purchased ServiceNow, Adobe, Workday and PTC—software names that suffered from sharp drawdowns in the days following Shumer’s essay went viral—most in the $1 million-to-$5 million band (the disclosures don’t show the exact figures of trades, only ranges). And it invested in the picks and shovels of AI: Nvidia, Broadcom and other chip providers; Dell, CDW and Jabil in hardware, distribution and manufacturing; and Synopsys in chip-design software.

The Feb. 10 trade seemed like a bet against the hyperscalers funding a generational bull run, with Goldman Sachs estimating that AI-related investment is driving roughly 40% of the S&P 500’s earnings growth this year. The Trump White House partnered with the four tech companies on data centers and energy; three weeks after the trades, the president would stand with their executives at the White House and tell reporters that the companies “need some PR help” as communities pushed back against the data center boom. The morning before the account sold them, his administration had leaked a planned carveout exempting Google, Amazon and Microsoft from tariffs on the core unit of their business: chips—a policy move that would protect the hyperscalers from one of the biggest cost risks looming over the AI boom. The Dow hit another record that day. 

A first look inside a sitting president’s brokerage account

There’s nothing illegal with a sitting president holding positions within the stock market—plenty of presidents have owned corporate stock, mutual funds, or other securities in office. What’s notable about this filing, however, is that it’s raising eyebrows. “It’s an unusual position for a president to be in,” Richard Painter, a securities law professor at the University of Minnesota and former chief White House ethics counsel under George W. Bush, told Fortune.

Trump’s new filing appears to offer the first public look in modern presidential history at an active public-markets portfolio in a sitting president’s name. The periodic transaction report the Office of Government Ethics released on May 14 documents 3,642 individual trades made through the account in the first three months of 2026—between $220 million and $750 million in volume at a pace of roughly 60 trades per day. The filing doesn’t always specify whether a given transaction is a stock, bond, or ETF.

“I’ve gone through every president,” Painter said, “I don’t think we’ve had any president trade in the stock market.”

Since Lyndon Johnson pioneered the use of a presidential blind trust in 1963, every modern president has either placed their assets in a blind trust managed by independent trustees, held them in index funds and Treasuries, or, in Jimmy Carter’s case, liquidated all their assets (notoriously, his peanut farm). None have actively traded individual securities while in office. Until recently.

In Trump’s first term, his assets were held in the Donald J. Trump Revocable Trust, which controlled his business empire, and the periodic transaction reports it produced drew little attention. Through the first year of his second term, the account traded almost exclusively in municipal and corporate bonds.

But even before the stock trading began, the arrangement drew immediate backlash from federal ethics officials.

Walter Shaub, then the director of the Office of Government Ethics, called Trump’s original trust arrangement “not even halfway blind” in a January 2017 speech at the Brookings Institution. He resigned in July of that same year after clashing with Trump over the president’s refusal to divest from his businesses. 

Selling America during a war

It is impossible to know the scale of what Trump’s account actually holds—the report only shows trades being actively bought and sold, as opposed to stable holdings. But the largest transactions in the account look like they traded around Trump’s actions.

The filing has only four trades in the $5 million-to-$25 million band—its top tier of value. Every single one is a sale. On Jan. 12, the day Trump announced 25% tariffs on countries buying Iranian oil, the account sold its position in the Vanguard Dividend Appreciation ETF—the largest single sale in the filing. The fund is a broad basket of blue-chip companies, marking a divestment from U.S. equities. The other three sales were the hyperscalers.

During the Iran war, Trump’s brokerage account traded into safe-haven stocks like gold and treasuries, even as he said the war would end soon.

On March 4, the day Iran closed the Strait of Hormuz, the account bought the iShares U.S. Treasury Bond ETF. The next day, it bought iShares Gold Trust in the $500,000-to-$1 million band, alongside an energy ETF and a Canadian equity ETF in the same band. Then, on March 10—three days after Trump announced Iran had “apologized and surrendered”—the account bought a sweep of international and emerging-markets exposure: Europe, Japan, Canada, Eurozone-hedged, international developed markets, and, in the largest single move of the day, the iShares Core MSCI Emerging Markets ETF in the $500,000-to-$1 million band. A week later, on March 17, the day Trump told Ireland’s Taoiseach Iran was “essentially largely over in two or three days,” and the account bought a $1 million-to-$5 million purchase of the Schwab Government Money Fund—cash.

On the morning of Monday, March 23, Trump gave markets their first clear signal of deescalation in the war. In an all-caps Truth Social post, he announced the U.S. and Iran had been having “very good and productive conversations” and that he was extending the deadline for a deal by five days. Wall Street, for the first time since the war began, exhaled. Brent crude plunged nearly 11%. Energy stocks—one of the few reliable winners of the conflict—sold off with oil. The brokerage account in Trump’s name spent the day buying them: Phillips 66, Exxon Mobil, Chevron, along with defense and aerospace names like Lockheed Martin and General Dynamics—the companies that stood to profit if the war dragged on.

Painter said this is exactly the kind of trading a president shouldn’t do, because the president has both confidential information about overseas developments and the power to move commodities markets through his own decisions. Even with no one in the family directing the trades, he said, it misses the point. “He has no control over the accounts? That’s beside the point. He certainly has the control over the decision about whether we went to war or not.”

Before Trump named the stock

In some cases, the account was building stakes in companies before Trump named them publicly. The account bought Dell on Feb. 10 in the $1 million-to-$5 million band, then added smaller positions throughout March. It never sold a share. On May 8, Trump told a White House audience to “go out and buy a Dell.” The stock hit an all-time high that week, up nearly 24%.

Intel was the same. The account accumulated shares through March. On April 30, Trump posted on Truth Social that “Intel stock continues to rise,” and the shares gained 3% after hours. The administration owns 10% of the company.

Eggs, sushi, and crypto

The account paid attention to smaller stories, too. On Jan. 28, during the national egg shortage, it bought Cal-Maine Foods, the country’s largest egg producer; it sold two months later in a band two to five times larger. On Feb. 2, it bought between $1 million and $5 million of Kura Sushi USA, a conveyor-belt sushi chain whose entire stock turns over roughly $14 million in a typical day. It also traded Coinbase, Robinhood, Strategy Inc, and a rotation of gambling and sports-betting names across the quarter.

Painter cautioned that even the 113-page filing is partial. The 278-T captures only trades in the president’s personal account—not those of the LLCs and corporations Trump controls, of which there are dozens. The disclosure rules don’t pierce the corporate level. “You’re looking at a very incomplete disclosure picture,” he said.