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Dr. McCullough makes the critical point that this isn’t really about lettuce, its about the institutional failures of our healthcare bureaucracies (again!):

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That Was Quick

That was quick. AI positioning just went from panic to squeeze in less than 24 hours. Here's what changed.

Strong Microsoft earnings allow Tech to rebound - Newsquawk US Market Wrap

US conducts fresh strikes against Iran, Iran says will "punish aggressors today"; Pakistani Foreign Ministry Spokesperson says discussions between Tehran and Washington are ongoing; US Q2 GDP Adv revised lower though investment remains strong; PCE June largely matched expectations, Core PCE M/M slightly soft; US initial claims rose, continued claims fell; MSFT smashes earnings expectations; META profit miss, concerns remain over FCF and spend; Japanese PM will keep market trust by not resorting to debt issuance to fund temporary tax cuts; JPY intervention speculation looms ahead of BoJ rate decision; BoE holds as expected; OpenAI cuts price of GPT-5.6 Luna by 80% and GPT-5.6 Terra by 20%.

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The Magnificent Seven Are Breaking Up

MAGS have gone nowhere. Credit stress is back. Apple is leading. Microsoft and Meta are moving in opposite directions. The basket trade is cracking.

The Facts Behind China's "Gold Reset"

China is building a financial neighborhood in which physical gold is easier to store, trade and use – while reducing reliance on institutions and payment systems outside its control...