"The arms race has started," Ondas CEO Eric Brock said in a Bloomberg TV interview. "Over the last 20 plus years we have de-industrialized in the United States. That means the supply chain has moved to China."

But the point of no return, when the phase shift started in this "monetary physics change", was the Global Financial Crisis of 2007-2009... That was when the water started turning to gas...

The container shipping market is being driven by geopolitics, rates, and network reshuffling, but freight-rate volatility and adjustments by carriers to protect schedules and pricing has supplanted Middle East disruptions as top-level concerns.

It eats too many tokens doing exactly the "agentic" work that's supposed to justify the entire AI capex boom.

"Our road map is intact"

...the META story last week was a mini catalyst to accelerate the rotation but positioning + leverage created the set up...

Does it reflect a real problem, or just a narrative investors tell themselves to justify chasing something else?

"We must reset Xbox."

New Jersey lawmakers have passed a bill that will direct the state's Board of Public Utilities (PUC) to establish a dedicated data center tariff for facilities with a capacity of 50MW or more, in an attempt to shield other ratepayers from cost increases tied to new builds.

Greenfield police say officers stopped a wanted semi-truck on Interstate 70 and recovered nearly $2.9 million worth of tungsten oxide powder allegedly stolen in Pennsylvania...

Saudi Aramco will lower Arab Light oil for next month by $11 a barrel to a $1.50 discount over the regional benchmark. The last two times it sold the grade at a discount were during price wars in 2020 and 2015...

Things in Ankara set to be awkward...

When Momentum has had these strong 3-month returns we usually see the factor underperforming in the subsequent months...

"...consumer-facing companies are nevertheless reporting that further price falls should help stimulate sales in the months ahead, providing a ray of hope for both the growth and inflation outlooks.”

The week after payrolls is usually a quieter affair but there's plenty of global events even if the US calendar is light.

...a lot of the market’s willingness to take out 60 basis points of rate hikes rests on the oil price remaining benign...

At least 14 killed in Kiev, and with major oil terminal in St. Petersburg hit...