Consumer sentiment is at record lows because there is zero visibility on any real-world trends that would be positive for the bottom 90%. Vague promises of super-abundance are not visibility...

White House rejects accuracy of Iranian media's version of MoU; Trump says Oman will have to behave or we will have to blow them up; Fed’s Kashkari said it is too early to predict the timing of the next Fed action; Hawkish RBNZ hold; Softer-than-expected Aussie inflation; Incident occurs at petrochemical complex in Asaluyeh; US 5yr note auction shows slight improvement; Samsung Electronics unionised workers approve wage deal

...the Biden admin’s mass parole program overwhelmed federal immigration enforcement systems and left authorities struggling to track migrants released into the country...

Across a range of rules and neutral rate assumptions, the funds rate appears to be roughly 50–160bps below what these frameworks would suggest.

Crypto PACs threw serious money behind a handful of Texas runoffs, helping oust a senior Democrat and boost Republican hopefuls as lawmakers hammer out new US crypto rules...

Has finally turned south toward Brazil...

Biggest SOXL down candle ever.

"We can know only that we know nothing...”

Deepening concerns over the wave of expert losses tied to UFO and nuclear secrets...

Overall, this was a solid auction with impressive foreign demand, where the only blemish was the tiny tail, which however one can ignore considering the impressive foreign bid.

Gabbard plans to release findings from a string of sensitive investigations in weekly installments...

The Fed is trapped between two deeply unattractive outcomes...

...who needs gasoline when you've got wiiiings...

..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?