We have people in the Democratic Socialists of America that want to confiscate property, get the means of production, take over tenant-landlord relationships, and absorb the private sector into the state...

US-Iran tensions build amid renewed strikes between both sides; Trump thinks Iran ceasefire is over, believes dealing with Iran is a waste of time; Trump says might hit Iran tonight; Trump says will allow US negotiators to continue to talk if they want; Iran reportedly suspends talks on a final settlement with the US; Trump says cutting of all trade with Spain and all visits; Strong US 10yr note auction; Minutes repeat hawkish statement; RBNZ hikes rates as expected; AAPL announced plans to spend over $30B in a chip-supply deal with AVGO; China reportedly plans to allow some of their biggest AI companies to purchase a "small" number of NVDA H200 chips.

After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, in May total consumer credit unexpectedly shrank for the first time since November 2024.

"A culture of effort and hard work should be inherent to learning. I worry many of our students now have the wrong idea..."

"We are living in an environment we don't know very well."

 

The signals suggest the regime may be changing, and we should be prepared for that possibility...

The minutes underscored a more hawkish tone on inflation... blames Mid-East War and AI investment...

"I’ve got a scoop on Blue Origin closing in on a big fund-raising round, which is..." 

Habibi... the boom is taking a breather.

Consensus themes crushed, China controls over AI, and Crack spreads vs Crude...

After twenty-five years, the score still reads the same. Paper is expensive, and gold is patient...

This was an extremely strong auction, perhaps the best 10Y of 2026, and with yields surging today, it shows that not only retail traders, but bond investors are also willing to buy the dips. 

Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries...

Soros family has purchased 18 plots of land on Shelter Island...

Oppenheimer sees a pivotal transition in market leadership: from a valuation-driven rally to one increasingly powered by robust corporate earnings growth...

The minutes will be scrutinized for insight into the Fed's appetite for additional rate hikes and the thinking behind the Committee's hawkish shift at last month's meeting.

“Their so-called ‘hate map’ has been used to defame mainstream Americans and even inspired violence...”