..not racist anymore?

...with it gapping up again this morning into trendline resistance, and with the extreme breadth deterioration, we would be on guard for a swift downside reversal in this ETF...

" ... food never reaches an American table. Instead, it gets shipped overseas..." 

Stealing from the poor, giving to the rich? 

Beneath the geopolitical theater, a dangerous story continues to deteriorate quietly in the background...

"A current Tesla employee told CNBC that many workers at the electric vehicle company have long expected such a transaction..." 

“We cannot have SCUM like Chris Christie, Letitia James, Tim Walz, and JB Pritzker setting the rules!”

...conditions that have marked the ends of high-valuation, high-concentration bull markets in the past remain mostly absent today, although some of those conditions appear to be drawing closer...

A look at the current landscape suggests to us that a peace deal is far beyond the horizon...

Lululemon has settled its proxy fight with founder Chip Wilson, ending one of the year's top proxy battles, according to Reuters.

Over the last week, longer-end yields have retraced around 20 bps. Yet Treasuries still look historically cheap versus stocks...

"These tapes will further prove the massive lie regarding Biden’s fitness for office..."

...but, foreigners extended their net-selling streak in SK HYNIX to 14 consecutive days

“Given the capex plans of the AI hyperscalers, there’s no reason to think that the rally is about to end. If there’s a breakthrough between the US and Iran, the trend could accelerate, with investors buying back their shorts.”

The capex "benefit" from AI is largely asymmetric: the trillions in projected spending will do little to boost US GDP as most of the underlying equipment is imported, however a sharp reversal will likely lead to GDP busting recession. 

"I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged." 

We are effectively financing the disruption...