A week after SELLING 32 Bitcoin...

The supply is coming. The only open question is who’s left holding it when the music stops...

It has filed other lawsuits challenging Trump administration actions since its formation...

We think a Defensive stance makes sense until we see bond vol dissipate and Tech selling stabilize...

It gets worse, much worse...

The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average SPX -4% next 3 months, -7% next 6 months.

There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering. 

After last week's sharp sell-off in chip stocks, the latest attempt to keep the AI bubble inflated... 

Options amplified the decline on Friday, and that risk has not cleared...

"If Hello Fresh wanted to alienate a good amount of their potential customer base, they did so right there." 

"Each additional month of disruption would lift average prices by roughly $5 in 3Q26 and $15 in 4Q26, driven primarily by accelerating inventory depletion."

"There are three key potential risks to stock markets at the moment — Hormuz remaining closed, inflation and rates rising faster than expected and investors taking profits in assets which have performed spectacularly well"

"outside shot US unemployment rate could equal CPI for just 7th time since 1960; years when inflation running close to or above unemployment rate (e.g., '66, '73, '90, '00, '08, '21), years of Fed hikes, and none remembered well on Wall Street."

"We affirm that we will meet escalation with escalation, and that our military operations will escalate in line with events, the battle..." 

Most respondents said having children is important to a fulfilling life, while citing faith, family values, and economic stability as key factors.