While accusing President Trump of a sweeping view of his power, the court seems to have an equally expansive view of its own power...

"About 360 million shares, or 56% of free float, were on loan through Tuesday." 

The prospect of swelling sovereign bond issuance is also reviving its appeal as a hedge against the risk that governments will inflate away their debt burdens...

"A multi-year unmanned-systems cycle." 

"It’s a feedback loop that I think is beginning... the party is closer to the end than the beginning... Let’s call it the AI summer of discontent..."

The White House is all over it...

What did he do with the text messages? We don't know that yet. What we do know is he absolutely read them. 

US officials warn that Chinese firms conducting covert, industrial-scale AI distillation could face sanctions and export restrictions...

Black Sea conflict was "the straw that broke the camel's back."

Rising inflation volatility is set to trigger earnings disappointments, wider credit spreads and more variability in stock and bond prices...

...and continuous jobless claims tumbled too...

The ECB reiterated it won’t pre-commit but act one meeting at a time based on information as it arrives.

“Before this year ends, Grok Imagine will make a full-length movie of ‘The Odyssey’ that is historically accurate and true to the art of Homer,”

...dominant macro driver overnight is a Houthi escalation in the Red Sea (two Saudi tankers struck), pushing WTI above $90, and driving yields higher. GOOGL earnings underwhelmed with Mag7 lower but Semis higher...

"NESN's turnaround is a work in progress, and expectations were too elevated..." 

"We remain of the view that oil prices could potentially take out the Russia/Ukraine oil price highs of $128/bbl in 2022 or even the 2008 peak of ..."

The Manchester playbook...

So far Trump has downplayed the new blockade, claiming it hasn’t started yet...