CPI Preview: First 4%+ Print In Three Years

"in the past 100 years once CPI crosses 4% on average, the S&P is down 4% in the next 3 months, and down 7% next 6 months."

The ETF Casino Is Running The AI Trade

When leverage becomes larger than liquidity, fundamentals stop being the primary driver of price. The AI trade is beginning to find out why.

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What If The Strait Of Hormuz Never Fully Reopens

One bank says it is increasingly likely that Hormuz never fully reopens and that the debate needs to shift to shape of "new normal" - in that world, tank bottoms would be reached in October (in the US) or December (globally).

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