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REAR VIEW: Larger than expected EIA crude draw; Average 10yr US auction; Riksbank cut by 25bps, as majority expected; AAPL China iPhone shipments rise; SHOP & UBER outlook disappoints; INTC alters Q2 guidance after US imposes restrictions; A couple of negative TSLA headlines.

Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks

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...don't "Sell in May, and Go Away" this year, according to BofA's technical analysts......


The Three Reasons People Hate Trump...

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...and you can change two of them.


Someone Is Lying: Atlanta Fed Claims US GDP Is 4.2% While DOE Reports Lowest Gasoline, Diesel Demand Since Covid

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These two statements can not be true at the same time.


Creditors Of Bankrupt FTX To Receive As Much As 142% Of What They Are Owed

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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...


Japan Is Now Caught In A Doom Loop

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... 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.


State Department Hiding Documents That "Credibly Suggest" COVID-19 Lab Leak: House Investigators

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Why are they fighting this?


Finding The Next Apple Using Buffett's Logic

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


Watch: Boeing 767 Cargo Plane Crash-Landed In Turkey  

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Sigh, Boeing... 


Record-Matching 10Y Auction Tails Despite Solid Demand

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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.


Crash Data Involving New Truck, Bus Drivers Getting Worse

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


"As Good As It Gets" - Goldman Trader Warns Of Breakdown In Cyclicals

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


NYC Mayor, NYPD Offer $15K Cash Reward For Info On World War I Memorial Vandals

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


Private US Firm With Special Forces Veterans To Take Control Of Rafah Border Crossing

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US defense contractors & boots on the ground?


Treasury Yields To Stay Sticky As Neutral-Rate Fears Loom Large

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...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...


Ukraine Passes Bill To Recruit Prisoners For Depleted Army Ranks

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


Pro-Palestinian GWU Student "Tribunal" Calls For Campus Leaders To Be Beheaded On Guillotines

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


Sam Altman-Backed Nuclear Company Wins Shareholder Approval For NYSE Listing

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


Singapore Air Force Suspends F-16 Training Missions Following Crash

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


After China Offers "Partial Support" For Robotaxis, Biden's DoJ Probes Tesla Over Deceptive Self-Driving Claims

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