Back in March, when eyeing the tremendous rebound in the crypto space, we joked that creditors in Sam Bankman-Fried's bankrupt exchange, FTX, would recover 200% of their claims. It turns out that we were not joking...

... where they need to sell more foreign reserves to prop up the currency, which cause US yields to rise, which causes the Yen to weaken further and so on.

Why are they fighting this?

Buffett asked Combs to identify a stock in the S&P 500 that met three criteria...

Sigh, Boeing... 

With 13 of the past 15 ten year auctions tailing, top-line disappointment is now pretty much a given, while the fact that internals were an improvement from last month and the auction was mostly solid, is probably why yields did not spike after the auction.

Deaths resulting from large-truck crashes where newly licensed drivers are involved continue to rise...

"...starting to see some breakdowns in certain areas in US equities (Transports, Retail names) as well as a nascent bid to defensives..."

“We cannot remain silent when our symbols of freedom are desecrated by individuals who clearly hate our country and hate our way of life...”

US defense contractors & boots on the ground?

...a more realistic reading of the real neutral rate, the implied nominal policy rate would be north of 4% - making the current rate less restrictive...

Zelensky & allies previously mocked & condemned Moscow for similar policy...

"‘Off to the motherf*cking gallows with you," student activist yells...

The company, currently listed as ALCC, will trade as OKLO on Friday...

"The pilot successfully ejected and the plane crashed..." 

...as China welcomes Musk's FSD 'robotaxi' testing rollout.

In a sea of lurid, stupid headlines today, it was billionaire investor Stanley Druckenmiller who arguably dropped the biggest F bombs via a TV interview.

...oil prices are trading around support at their 100DMA...