"What Kind Of American Are You?"

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"It will be unclear who are the good guys and who are the bad guys. Conflict is upon us..."


Three Shades of Bears

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Even the most vocal bull is now in the risk-off camp

Biden's America: 40% Of Renters Think They'll Never Own A Home, Up From 27% Last Year

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Bidenomics 101: the American dream of owning a home has become the American nightmare for almost half of the entire population...


Euro Area PMI Activity Hits 11 Month High On Service Expansion As Manufacturing Recession Gets Worse

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"The PMI figures are poised to test the ECB’s willingness to cut interest rates in June"


Large Structural Short Will Drive Yen Much Higher

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More important for the longer-term outlook is how the yen’s steadily weakening path is leading to domestic investors to allow their foreign asset positions to become underhedged...


Gaza War At 200 Days: IDF Pivots From Iran Threat Back To Hamas Operations

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Heaviest shelling in weeks as expanded operations focus on central Gaza...


'Its The Economy, Stupid!' Black And Hispanic Voters Embrace Trump On Economics And Well-Being

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It's common sense...


What Yield On The 10Y Will Crack The Stock Market

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"A 2 standard deviation move in US 10-year note yields - equivalent to around 60 bps today - over a month is when impingement really kicks in"


Futures Extend Rebound Into Second Day Ahead Of Tesla Earnings Despite Rising Yields

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“Whether markets see further consolidation from here is likely to hinge on the assessment of the sustainability of AI demand ahead following the earnings releases,”


iPhone Sales In China Tumble 19% In Worst Quarter Since 2020

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Huawei is a rising star.


Which Major City Will Completely Collapse First – Los Angeles, Chicago, Or New York City?

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We really are in the early stages of a full-blown societal “collapse”, and things just keep getting worse with each passing day...


Homebuyer Payment Hits Record High As Mortgage Rates Climb Back Above 7% For The First Time In 2024

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“The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11 percent year over year...”


If We Want Something As Good But More Reliable, It'll Cost Much More Money

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“There is pushback on the dogmatic view that the future of the world hangs in the balance, and those taking the most extreme positions on the matter have been undermined by an unwillingness to consider nuclear at any price,”


Are Americans Moving From Blue To Red States?

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...the situation is more accurately described as more people exiting certain blue states – e.g. New York and California – and heading to other states in general...


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  • European equities are entirely in the green; US equity futures trade modestly on either side of the unchanged mark.
  • Dollar is slightly softer, EUR incrementally firmer post-EZ PMI; USD/JPY hits multi-decade highs once again.
  • USTs initially remained in overnight ranges but succumbed to modest selling pressure following EZ PMIs.
  • Crude is marginally firmer, underpinned by EZ PMIs; XAU continues to decline and base metals slip.
  • Apple (AAPL) iPhone sales in China -19% in Q1 an

Swiss Bitcoiners Renew Efforts To Orange-Pill The Country's Central Bank

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The Bitcoiners will first need to convince 100,000 Swiss nationals to sign the petition to kick off a referendum... a threshold that plagued their first attempt in October 2021.


Poland "Ready" To Host NATO Nuclear Weapons, President Duda Says

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...in order to strengthen the security of NATO's eastern flank...


Sweden Wants EU To Sanction Russia's Shadow Fleet And Ban Its LNG

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“Adopting the 14th sanctions package is one of the most important things...


EU Leaders Trying To Convince Greece & Spain To 'Sacrifice' Their Own Anti-Air Defenses For Ukraine

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Turkey's Erdogan would certainly approve...


NATO's Never-Ending War: The 75-Year-Old Bully Is Faltering

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Though the world has greatly changed, NATO remains committed to a political doctrine from a bygone era...