Something strange emerges when looking at the details of today's JOLTS report: March saw the biggest monthly increase in hiring (ex Covid shock) on record!

...due to its messy political landscape, feeble economy, faster inflation, and strained government finances.

...median new home prices at their lowest in almost five years.

The existence of what appears to be the world’s worst ceasefire comes as US efforts to de-escalate so as to escalate down the line. It also appears that the Trump Administration may have been deregulating to regulate.

...sales volume weakness and soaring input costs and selling prices...

...fear we might be in a holding pattern for yet another month... unclear if oil markets/equity markets are calibrated for it...

“We believe there is a legitimate supply-demand imbalance and that the associated price signal is the catalyst to begin to grow production. Because of our positioning, our preparation and this price signal, we are bringing incremental barrels to the market immediately.”

Ford’s weakness was broad-based...

"Can anyone say how Romania will function from tomorrow, do ​you have a plan?"

The settlement remains subject to court approval...

"Today I've made the difficult decision..." 

“Project Freedom is a way for the US to gain an upper hand in negotiations. In the coming days, it would become clear whether the US can provide safe passage to the ships and hence can take a much tougher stance.”

Burry said the potential $56 billion cash-and-stock acquisition of eBay would likely require too much debt and no longer aligned with his original thesis for GameStop.

The central bank of Iran claims on the government stood at 87%yoy at end-2025 and the stock could quadruple if all spending (excluding wages) was monetized.

U.S. Magistrate Judge Zia Faruqui demands answers over “treatment” of man who tried to kill the president...

Nothing from CENTCOM yet. 

FAFO...