“To use language to obscure reality is to show ‘indifference regarding the truth’ - to lie to the public and cease to treat our fellow citizens as equals...”

Mixed ISM Services PMI; Headline missed but Prices fell & Employment rose; Waller said forward guidance can be a 'valuable tool', but also sometimes best to avoid it; NVDA said "our roadmap is intact" in response to delay report; AVGO to develop & supply a range of custom ASIC silicon products for AAPL; Trump praised DELL; OPEC lifts output for August as expected

...designed to surprise, challenge, and reframe the big macro and market stories of the moment

The probable source of the bacteria is a water cooling tower in the area, according to health officials...

These "war unicorns" ... 

But the point of no return, when the phase shift started in this "monetary physics change", was the Global Financial Crisis of 2007-2009... That was when the water started turning to gas...

The container shipping market is being driven by geopolitics, rates, and network reshuffling, but freight-rate volatility and adjustments by carriers to protect schedules and pricing has supplanted Middle East disruptions as top-level concerns.

It eats too many tokens doing exactly the "agentic" work that's supposed to justify the entire AI capex boom.

"Our road map is intact"

...the META story last week was a mini catalyst to accelerate the rotation but positioning + leverage created the set up...

Does it reflect a real problem, or just a narrative investors tell themselves to justify chasing something else?

"We must reset Xbox."

New Jersey lawmakers have passed a bill that will direct the state's Board of Public Utilities (PUC) to establish a dedicated data center tariff for facilities with a capacity of 50MW or more, in an attempt to shield other ratepayers from cost increases tied to new builds.

Greenfield police say officers stopped a wanted semi-truck on Interstate 70 and recovered nearly $2.9 million worth of tungsten oxide powder allegedly stolen in Pennsylvania...

Saudi Aramco will lower Arab Light oil for next month by $11 a barrel to a $1.50 discount over the regional benchmark. The last two times it sold the grade at a discount were during price wars in 2020 and 2015...

Things in Ankara set to be awkward...

When Momentum has had these strong 3-month returns we usually see the factor underperforming in the subsequent months...