Iran has once again bet on a partner that takes far more than it ever gives.

US and Iran are reportedly closing in on one-page memo to end war; Iran still working on its response; Iranian reports downplay reports that US & Iran are close to an agreement; Trump says that Project Freedom will be paused for a short period to see whether or not the agreement with Iran can be finalised and signed, blockade will remain; Iranian and Saudi Arabian Foreign Ministers stressed continuing diplomacy; Israeli strikes Beirut for first time in weeks; Japan is reportedly to purchase 20mln barrels of UAE oil; AMD surges on earnings beat; ADP beats

"Iran’s mistake is that once Hormuz becomes structurally unreliable, the world builds around it..."

"The entire ethos of Dubai as this place free from conflict was shaken."  

...charging 50bps in a pilot that undercuts rivals like Coinbase, Robinhood, and Charles Schwab.

"...Should you store food? The answer is yes because something really bad is right in front of us.  It’s a credit collapse...”

More new energy is on its way faster than ever, but it may be too late...

Whether it’s peace for our time or not, more inflation is baked in...

“What the mayor of New York has made clear to my partners, and principally my New York partners, is that we need to double down on our bet in Miami.”

...the top 10 Nasdaq names are accelerating faster now than they did into the March 2000 Dot-Com bubble...

 Salvadoran migrant stabs two women to death in separate knife attacks on Long Island...

More data centers are demanding nuclear-grade, reliable energy...

The KWEB vs. QQQ gap has become absurd. China tech wouldn’t need to fully catch up to create a violent squeeze.

Channelling John Lennon, Trump indicated that progress in negotiations with Iran had convinced him to ‘give peace a chance’, but that the US blockade of Iranian ports would remain in place for now...

That guy everyone 'barely knew'? 

Momentum gone. Speculators missing. Vols cooled. Breakout pressure rebuilding. Silver is quietly getting dangerous again.

"...we continue to only see buying interest on bouts of USDJPY intervention (40bn of excess volumes, once again I suspect 60-65% to prove to be official), and the issue boils down to a few key points."

Coordination of messaging: "appreciates Iran's pledge to not develop nuclear weapons."

...Micron, Intel and Sandisk traded more call volume than the SPY on Tuesday.

Jonathan Karl claimed the president personally checked on him the morning after...