The Left’s favorite moral crusades always end the same way: manufactured hysteria, institutional damage, and a quiet retreat from the wreckage...

Fear is spreading across macro, tech, and emerging markets. The uncomfortable part is that this still feels like orderly de-risking rather than outright panic.

" ... as part of a deal that could include financial backing from Nvidia." 

 

“Illegal voting by aliens dilutes the votes of American citizens and undermines our democracy. It must have consequences...”

“The main driver of the supply is basically increased public spending, and thus bigger funding needs,”

"Last month, I directed our Great U.S. Military to execute a secret mission... this effort has resulted in more than 100 MILLION Barrels of Oil making its way through the Strait"

They blame oil companies. They blame “price gouging.” They blame world events. They blame everyone except the politicians who keep piling taxes, mandates, and regulations onto every gallon drivers buy...

It increasingly feels as though AI is splitting into two worlds...

Goldman follows its bullish UK call with a report explaining why wealth, opportunity and corporate power remain remarkably concentrated.

The decision was made in coordination with the U.S. Department of Agriculture, according to Mexico’s agriculture ministry.

Gold was supposed to thrive on fear. Instead, some of the biggest VIX spikes in recent months have coincided with aggressive gold selling.

Hormuz is now a lot less blocked, with transits becoming more steady and greater in volume... About 2 million barrels a day of oil and related products are now flowing out of the Gulf.

Overall, this was a stellar 10Y auction, a big improvement to yesterday's 3Y (which wasn't bad), and a sign from the bond market at least that today's CPI was nothing to be concerned about. 

...the bias has changed.

"We go through the 1,000-page draft document and amendments to date, with the recent bill implying a broad continuation..." 

The AI mania needs funding from somewhere. Increasingly, that somewhere looks like the Mag 7.

The IPO market, which has been stagnant for the last four years, is bubbling with excitement...