★ THE ASSEMBLY LINE
1
 Honeywell Aerospace Spin-Off Set for June 29. The $17 billion aerospace division will begin trading under ticker HONA on the Nasdaq. It will be one of the largest pure-play aerospace suppliers on the planet. Every HON shareholder gets shares automatically.
2
 Quantinuum IPO Targets $13B Valuation. Honeywell’s quantum computing unit filed for a public offering at a reported $13 billion valuation. It’s the latest piece of Honeywell to be unlocked as a standalone business.
3
 Jill Evanko Joins Honeywell Board. The former Chart Industries CEO was named to Honeywell’s board June 1. She’ll also join the Aerospace board after the split. Evanko led Chart through its $19 billion Flowserve deal and $13.6 billion Baker Hughes sale.

What Happens To Your Retirement If The Dollar Drops Another 25%?

Your retirement account still shows $500,000.

But that $500,000 buys what $375,000 bought in 2020.

Nobody warned you. Nobody asked your permission. The government printed trillions, ran up $39 trillion in debt, and your dollars quietly lost a quarter of their value.

Now the conditions for another 25% drop are worse.

A new Fed Chair taking over May 15th who wants to cut rates below inflation. That's not an accident. It's a strategy called financial repression. It makes the government's debt cheaper by making your savings worth less.

40 countries are abandoning the dollar. Central banks are dumping Treasuries and buying gold at the fastest pace in 60 years. The petrodollar system that held everything together for 50 years is cracking.

If the dollar drops another 25%, your $500,000 buys what $280,000 used to.

How long can you retire on that?

Same house. Same groceries. Same prescriptions. Same life. But every single month it costs more and your money covers less.

There's a reason central banks aren't holding dollars anymore. There's a reason there's legislation in Congress to revalue gold. There's a reason the Treasury Secretary is talking about "monetizing the assets."

They see the next 25% coming. The question is whether you do too.

A free report called "The Great Gold Reset" explains what's driving the dollar down, why the next drop could be faster than the last one, and how to protect your purchasing power in 15 minutes. No taxes. No penalties.

Download Your Free Report Here

★  Friday — The Deal
A $150 Billion Company Is Splitting Into Three. In 24 Days.
Honeywell is becoming Honeywell Aerospace, Honeywell Automation, and Solstice. Here’s what it means for your portfolio.

On June 29, one of the biggest names in American manufacturing will stop existing as you know it.

Honeywell — a $150 billion conglomerate that makes everything from jet engines to building thermostats to semiconductor chemicals — is splitting into three separate companies. It’s the most significant corporate breakup in American industrial history since GE split into three in 2024. And the lesson from GE is clear: the pieces were worth more apart than together.

One piece is already trading. The second piece goes public in 24 days. Let me walk you through all three.
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Piece one: Solstice Advanced Materials (NASDAQ: SOLS). Already done. This spun off on October 30, 2025. It makes specialty chemicals — refrigerants, semiconductor materials, data center cooling fluids, and protective fibers. About $3.7 billion in revenue. Already paying a dividend.

Piece two: Honeywell Aerospace (NASDAQ: HONA). This is the big one. On June 29, Honeywell will distribute shares of its aerospace division to every existing HON shareholder. No action required — the shares show up in your account. New Aerospace will have more than $17 billion in annual revenue. It will be one of the largest pure-play aerospace suppliers on the planet.

Piece three: Honeywell Automation (NASDAQ: HON). What remains keeps the Honeywell name and ticker. Building automation, industrial automation, and process technology. Think warehouse robotics, building controls, refinery optimization. Vimal Kapur stays as CEO.
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Here’s why this matters. Conglomerate discounts are real. When one company does too many things, Wall Street doesn’t know how to price it. Is Honeywell an aerospace company? An automation company? A chemicals company? Nobody could answer that. So the stock traded at a discount to all three.

The split fixes that. Each piece gets valued on its own merits. Aerospace gets compared to Howmet and GE Aerospace. Automation gets compared to Emerson and Rockwell. Solstice gets compared to specialty chemical peers. In theory, the sum of the parts is worth more than the whole.

Honeywell Aerospace already issued $16 billion in senior notes in March to fund its standalone balance sheet. It has $4 billion in credit facilities. This isn’t a casual spin. It’s a fully financed new company, ready to compete on day one.
★ What You Own After June 29

If you own HON shares today, you’ll own shares in all three companies after the split. Solstice was distributed in October at one SOLS share per four HON shares. The HONA distribution ratio will be announced before June 29.

You don’t have to do anything. But you should decide whether to hold all three or sell one to concentrate in another. Each piece has a different growth profile, risk level, and yield.
★ THE INVESTOR ANGLE — HONEYWELL (NASDAQ: HON)
HON Market Cap
~$150B
Pre-Split
Aerospace Rev
$17B+
Spins June 29
Employees
101,000
Across All Three

The bull case is the re-rating. Aerospace pure-plays trade at higher multiples than conglomerates. If HONA gets valued like its peers, the combined value of all three pieces could exceed what HON trades at today. That’s the value unlock CEO Vimal Kapur has been promising since February 2025.

The risk? Execution. Spin-offs are messy. Shared systems have to be untangled. New Aerospace starts life with $16 billion in debt. And some analysts worry the Automation business left behind is less attractive without aerospace riding alongside it. HON’s P/E of roughly 37 already prices in some of the optimism.

But the clock is ticking. June 29 is 24 days away. If you own HON, you need to decide whether to hold through the split, buy more before it, or sell. Either way, the Honeywell you know today won’t exist by July. Have a great weekend.