In a nutshell, law firms which Trump doesn’t personally like, for whatever petty reason, or hiring people he personally doesn’t like, or filling cases against things he personally likes will not get contracts from the US govt. This is not made up.
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Well, they can sue the gov then 
. I’m also pretty sure they will have loads of customers soon.
Do not underestimate the power of US govt. the executive order basically means the law firms were considered persona non grata and would directly impact not only law firm but also their customers. Few of the top law firms have already caved and agreed to do pro-bono work for Trump in tunes of 100 million USD or so per annum.
Read further here
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Isn’t lutnick’s company long fixed income?
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That’s apparently what Bill Ackman says? Another trustworthy … finance bro.
I don’t believe any signal except @Cortana shorting something
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like the Congress under Biden that was able to stop Mr T to run for a second term?
Yeah, as expected!
Edit: the poor cat
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It is/was a valid strategy, if you can create money out of the blue (or if you feel more risky than before).
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That’s really golden. I think a simple(r) rule of thumb is not doing anything +/- 5 business days of potentially impactful news.
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Probably valid as well, but very hard to simulate/quantify 
This is just the market having fun with us. From my favorite cartoonist when I was young in a past millenium:
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I do think the arithmetic is different here, as passing a law needs less votes than impeachment, but I call it optimism for a reason.
Is this a map of the Fartcoin constituents?
It’s a bit more broad than that.
First off, the executive orders target the law firms by name, making it very clear that these law firms are persona non grata. It states that their clients will loose government contracts. It can be inferred that chances are high that they would also loose any case in front of regulating agencies they might have and/or could be specifically targeted by said regulating agencies. Disclosure of any business they may have with the targeted law firms becomes required of government contractors.
Second, it also aims at removing any security clearance and revoke access to Government buildings to these law firms. Some cases (involving sensitive/classified documents) require a security clearance and tribunals ARE government buildings…
Third, it directs the Attorney General to look deeply into those law firms, suggesting that they will be prosecuted and will have to expend resources defending themselves.
Fourth, it specifically states that employees of these law firms can’t get hired by the government, closing career paths like judges or prosecutors to them.
Basically, it aims at draining the law firms from their clients and subsequently from their talents. As any law firm can be targeted, it also means that it strongly discourages law firms to take cases from clients who would sue the government.
As a matter of fact, legal action against the government, but also support for the opposition (one case stated directly that the grief against the law firm was that they had defended Hillary Clinton) or, by extension, any real or imaginary slight Trump may percieve, would be punished by economic attrition for both the clients and the law firms. Making the government de facto immune to the rule of law (some law firms are fighting the executive order, so it’s not a given yet, but the threat is there).
Here’s an example of one such executive order: Addressing Risks from Perkins Coie LLP – The White House
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Is that the real WH address or the infamous p..rn site? 
Did I miss the .kp at the end?
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There’s a WH pr0nsite !? That one’s the official whitehouse.gov for as far as I can tell. I can’t promise that the things it contains are any less salacious.