Biden needs 'blue wall states...'

Last week the data finally caught up - or rather down - with the public mood.

...conceding the loss of territory to the advancing Russians...

Moooving right along...

Key releases this week are the ISM manufacturing, JOLTS on Wednesday, and the employment report on Friday. The May FOMC meeting is on Wednesday, and we get a barrage of earnings throughout the week.

This is on grounds “Research has demonstrated that wealth gaps are one of the primary mechanisms for perpetuating racial economic inequality..."

'Trump-proofing' future support...

Unless Japanese authorities show their hand with conviction when it comes to intervening in the spot market, the yen is bound to stay under pressure over the medium-term.

The earlier-than-expected settlement "removes an overhang many have worried would linger for years."

"We consider these themes, along with Goldman’s Broad AI basket, to be the most popular in the next few years,” 

Many economists argue that the economy is growing, and that inflation is a secondary problem. Not for the average American. Citizens are poorer in absolute and relative terms.

...equities "will struggle to find their footing if rates continue to rise sharply" regardless of the macro driver.

The world is increasingly swinging from one extreme to the other.

"It is difficult to ignore the bad effects that these violent and abnormal movements [in currencies] will cause for the nation's economy,"

"This could open up FSD in China, which I view as unlocking what really could be the golden opportunity for them." 

...whatever our technocratic overlords dream up in order to usher in utopia, the unintended consequences will dwarf their ability to cope and push us all further into The Jackpot...

Two full years of inflation have taken their toll on American households...

"They’re hedging against anarchy, rising institutional distrust. So some are buying dollars for cyclical reasons, but buying gold and crypto for structural reasons"