Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI models, including those yet to be released. 

... active deleveraging among both Equity L/S and Quant funds in the US and Japan, amid heavy Memory (AI) degrossing.

"there are parts of the Credit Markets, currently at generational tights, that we think offer an asymmetric + convex overlay-hedge for macro or multi-asset portfolios for Risk-Off"

...the durability of the US economy, superb earnings growth and unrelenting household sponsorship... versus a more complicated AI narrative and an accumulation of speculative leverage...

He's now 'taking time' to consider the path forward...

"Video shows two columns buckled inside a Midtown building under construction. Dozens were evacuated..." 

This was a very strong 3Y auction which curiously comes in a very ugly day for the bond complex, which seemingly oblivious of the strong primary demand, has pushed 10Y yields to a session high of 4.523%, the highest since June 10, and rising fast. 

"SpaceX's ambitions are bigger than any company's we've seen... Just as railroads, electric grids, and the Internet reshaped prior economic eras"

Oil’s bearish setup is getting harder to chase as the glut narrative becomes priced in...

Today’s constraints are engineering problems, and engineering problems tend to get solved...don't bet against human ingenuity...

Americans’ expectations for inflation over the near and medium term jumped in June to multi-year highs amid strong increases anticipated for medical care costs.

Single stock volatility has never been as elevated relative to index volatility...

"The most important thing we can do is take that (American) empire down from within." 

And why Erik Townsend predicts Aalo will change the course of history in 2027...

Over 430 drones target Moscow region alone overnight...

It's easy to talk of the 'collapse of the rules-based order', but for most people it's too abstract to impact on their day-to-day lives.

"A chance to stick two fingers up to the entire establishment..."