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India Rejects Russian LNG Under Sanctions

India rejected Russia’s offer ​to sell it liquefied natural gas subject to US sanctions, despite a huge shortfall driven by Middle East tensions, leaving a tanker bound for India in limbo as talks continue on permitted cargoes.


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China's Car Sales Slump As Gasoline Demand Craters

Chinese car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well...

No, AI Won't Make Money Obsolete

Even in a world of radical abundance, scarcity, tradeoffs, and uncertainty persist... and with them, the essential role of prices...

Max Pain Market

SOX weekly RSI is now approaching peak dot-com mania levels. Spot up, vol up, upside panic everywhere. The tape keeps turning hesitation into forced buying.
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Silver Leaving Even SOX Behind

Silver is now starting to outperform even SOX. Convexity in silver was massively mispriced, and now price, momentum, and volatility are all exploding at the same time.