Ukraine Defies Vance Warning With Massive Strike On Russia’s Key Black Sea Port, Shuttering Grain Terminals Did President Zelensky and the Ukrainian armed forces not listen to US Vice President JD Vance’s warnings and request after all? On Wednesday a “massive” Ukrainian drone and missile strike was unleashed on Russia’s port city of Novorossiysk, which badly damaged grain export terminals at what also constitutes the the last […]

AI Hyperscalers Are Pricing Bitcoin Miners Off The Grid. Here’s Why Its A Massive Win-Win… Authored by Nick Ward via BitcoinMagazine.,com, If you’ve scanned headlines over the last year, you’ve likely seen the prevailing market narrative: Bitcoin miners are abandoning their operations and pivoting to AI data centers, signaling a retreat from proof-of-work. To casual observers, this looks like a surrender. Proof that […]

Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts The IEA slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz pushes the market deeper into deficit, OilPrice reported. The latest forecast is considerably worse than the 3.7-million-bpd decline the agency projected just last month and would leave […]

Nature Is Healing: Most S&P100 Companies Dump DEI Criteria From Board Selection To be clear, Diversity, Equity, and Inclusion (DEI) initiatives drew heavily on radical Marxist theory and systematically displaced merit-based standards with unproductive, identity-driven politics. What corporate America marketed as a governance priority proved to be a short-lived ideological fad. Most S&P 100 companies are now dumping explicit […]

Trump Admin Ends Medicaid Funding For Sex-Change Procedures On Kids Via American Greatness, The Trump administration announced Tuesday that Medicaid and the Children’s Health Insurance Program will no longer pay for sex-change procedures for minors, ending the use of federal taxpayer dollars for treatments officials say carry potentially irreversible health risks without sufficient evidence of clinical benefit. The Centers […]

Tailing 10Y Auction Prices At Highest Yield Since 2007 When discussing yesterday’s stellar 3Y auction, we said that the impressive demand for 3 year paper indicated that nobody was worried about today’s CPI print… and as we learned this morning, that was justified, since the CPI came in right as expected. And since inflation is tame, and the labor market is not overheating, virtually nobody were worried that today’s 10Y auction […]

US Now Expects Iran War Oil Supply Disruptions To Last Through End Of 2027 At first, the Hormuz lockdown was supposed to last a few weeks, tops. Not any more: the US now expects oil supply disruptions stemming from the US-Iran war to reach about 600,000 barrels per day through the end of next year as the conflict continues to crimp shipments via the critical Strait of Hormuz. Oil transported through the waterway averaged 4.9 […]

Venezuela & Israel Restore Consular Ties After 17 Years Of No Diplomatic Relations Venezuela and Israel have agreed to restore consular relations, in a major historic shift, following the US orchestrated overthrow of longtime leader Nicolas Maduro back in January. Interim President Delcy Rodriguez, who was Maduro’s VP, is at the head of a state system that is still fundamentally the same – which can be summed up as Chavismo […]

Ceuta Migrants Reach Mainland Spain Despite Government Denials; Report Via American Greatness, Dozens of migrants who entered the Spanish territory of Ceuta during last month’s massive border surge have reportedly reached mainland Spain, contradicting the socialist government’s insistence that none had left the North African enclave. Sky News reported Tuesday, citing Spanish police sources, that about 75 migrants who […]

Putin Threatens Seizures Of European Ships Over EU’s “Piracy & Banditry” Russian President Vladimir Putin on Wednesday addressed the persisting issue of European governments and navies seizing what they deem Russian ‘shadow fleet’ vessels off Europe’s coast. The past year alone has seen several examples, sometimes involving French or Swedish commandos descending onto a tanker’s deck from helicopters and arresting crew members. […]

Trump Mulls Capital Gains Relief As Midterm Sweetener President Donald Trump is looking for new policy pledges to put before voters ahead of November, and two of them involve cutting capital gains taxes, according to National Economic Council Director Kevin Hassett and former NEC chief Larry Kudlow, who discussed the proposals on Fox Business Tuesday. Kudlow, who ran the council during Trump’s first term and remains close to the […]

Lacy Hunt Turns Bearish Bonds: Studying His Reversal Authored by Michael Lebowitz via RealInvestmentAdvice.com, Economist Lacy Hunt has been a bond bull longer than most money managers have been in the business. Recently, he made a surprising U-turn on his bullish stance. The following paragraph opens his Second Quarter Review and Outlook. The structural backdrop for U.S. inflation increasingly suggests that the long-run […]

Trump: US Controls Hormuz Strait, ‘I Think We Will Keep It’ – Confirms Economic Siege Strategy Summary Trump claims “total control” of Hormuz, signals strategy of continued economic pressure. Iran declares “victory” & says it can sustain the conflict & outlast. Iran shifts to a “survival economy” to withstand sanctions, Washington’s economic warfare, naval blockade. Peace talks basically not happening, with Pakistan […]

Josh Kushner, Bob Iger Stun Sports World With Record-Shattering $12 Billion Lakers Takeover Deal The Los Angeles Lakers are being sold to billionaire venture capitalist Josh Kushner, founder of Thrive Capital, and former Disney CEO Bob Iger for a record-breaking $12 billion, according to a new ESPN report. The sports news website said: The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, […]

WTI Dips After Massive Crude Inventory Build, Big SPR Drain, Surge In Imports Oil prices are marginally lower this morning as OPEC again cut its forecast for global oil-demand growth for this year, but stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies. Physical disruptions are spreading beyond Hormuz. Refinery attacks and fires have hit Russia and Libya, […]

Speaking Loudly And Leaning On A Big Schtick By Michael Every of Rabobank Yesterday saw the regular schtick where the Middle East situation remains worrying, but markets reacted to more positive narratives. After four crew and two rescuers were killed in a Houthi Red Sea attack on a ship and the US struck another in the Gulf of Oman’ trying to break its Iran blockade; Iran said Hormuz will stay closed unless the US meets its […]

Hasan Piker’s “Touch Of Death”? Far-Left Francesca Hong Loses Wisconsin’s Dem Primary For Governor Milwaukee County Executive David Crowley narrowly won Wisconsin’s Democratic gubernatorial primary on Tuesday night, defeating far-left state lawmaker Francesca Hong despite her backing from Marxist streamer Hasan Piker. David Crowley, who reentered the Wisconsin governor’s race after securing the endorsement of Gov. Tony Evers, […]

First Morgan Stanley, Now BofA To “Mobilize And Deploy” $250 Billion Into America’s Infrastructure Supercycle Bank of America unveiled a massive 18-month initiative to mobilize and deploy $250 billion across critical US infrastructure, targeting the computing, energy, and industrial systems needed to support artificial intelligence and accelerate the transition toward physical AI. The announcement comes just days after Morgan […]

Turkey Thinks Israel Fabricated Trump Air Force One Assassination Plot Authored by Dave DeCamp via AntiWar.com, Turkish officials suspect that an Israeli intelligence report about an Iranian plot to assassinate President Trump at the NATO summit in Ankara last month was a ruse designed to derail diplomacy between the US and Iran, Middle East Eye reported on Tuesday. The Washington Post first reported on Monday that the US […]

Who’s Afraid Of The Big Bad Wolf? Authored by Steve Watson via Modernity News, Cambridge University has now decided that even Little Red Riding Hood is too dangerous for young minds. Clare College issued an official content warning ahead of a free online humanities webinar for state sixth-form pupils, flagging “adult content including themes of violence, with reference to fairytales.” The session, part of a course designed to […]

Rate-Hike Odds Tumble As US Consumer Price Inflation Prints Slowest Since Pre-War July’s ongoing decline in oil prices (before the late July/early August rebound) should support lower prices in today’s CPI print (with portfolio management impacts expected to be a bigger upside deal for PCE as stocks soared) but expectations were for an uneventful 0.1% MoM rise in the headline print. And the print was perfectly in line, rising 0.,1% […]

Ukraine Suspends Attacks On Tankers Using Russian Black Sea Port, At Vance’s Urging At the urging of Vice President JD Vance, Ukraine has suspended attacks on oil tankers using the Russian port of Novorossiysk, which sits on the Black Sea. The request was made in late July, but first reported today by the Financial Times, citing Ukrainian officials.  Vance’s plea sprang from the Trump administration’s worries that Ukraine’s […]

Futures Rise Led By Tech Before Key CPI Report US: Futures are higher, led by Tech as AI infra earnings boost the theme while the Semis trade was bid overnight led by a surge in Korea’s Kospi. As of 7:45am ET, S&P futures are up 0.2% ahead of today’s CPI report, while Nasdaq futures gain 0.7% as investors react positively to updates from US technology firms. Semis / Memory are outpacing broader markets with Mag7 trading higher, […]

Earnings Drive Both Bull & Bear Markets Authored by Lance Roberts via RealInvestmentAdvice.com, “Earnings drive market outcomes. In 151 years, every single 20% market decline was accompanied by a double-digit earnings decline, with zero exceptions.” Every few months, a new reason to sell arrives. Capital spending is too high. The deficit is unsustainable. Oil just broke out. The conclusion attached to each is always […]

Swedish PM Calls Spanish Illegal Immigrant Amnesty ‘Very Bad Idea’ Authored by Guy Birchall via The Epoch Times, Swedish Prime Minister Ulf Kristersson has called the Spanish government’s amnesty for illegal immigrants a “very bad idea,” warning that it could spark another migrant crisis akin to the one that beset the continent in 2015. Swedish Prime Minister Ulf Kristersson in Brussels on Dec. 19, 2024. Johanna Geron/Reuters The […]