Credit & Crude Crack Bonds & Stocks, But Right-Tail 'Squeeze Risk' Remains

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“It could be 2% to 3% in a straight line, and most of that would be that macro product covering...”


President Of Iran Demands "Reparations" As Trump Says War To End 'Soon' As 'Practically Nothing Left' To Target

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"The most fighters, the most bombers, the most strikes. Intelligence more refined and better than ever." 


Ron Paul Fears The Dollar Will Be A Casualty Of The Iran War?

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The increased costs will do more than raise prices at the pump...setting back Trump's “affordability” agenda.


Saudis Eye "Large Order" Of Ukrainian Interceptor Drones As Kill-Cost Missile Crisis Deepens

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"They have missiles for the Patriots, but hundreds or thousands of Shaheds cannot be intercepted with Patriot missiles. It is too costly." 


Oil “VIX” At 121 — Markets Aren’t Pricing De-Escalation

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Oil volatility just hit 121. Markets are pricing oil shock risk — not peace.


Oil Chaos Is Crushing Europe

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Volatility is surging everywhere. But Europe is once again the main sucker.

California Dreamin' Isn't What It Used To Be

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California’s elected Democrats can’t move beyond pandering...


"Risk Of Attack Is Too High": US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait

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The US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since ​the start of the war, saying the risk of attacks is too high for now...


Stocks flat despite crude upside while yields rise - Newsquawk US Market Wrap

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IEA members agree to 400mln barrel release; US CPI meets expectations in February, PCE components come in hot;  FBI reportedly warned police departments in California that Iran wants to retaliate for American attacks; US Interior Secretary Burgum said we will see US oil companies announce that they have increased production in response to price signals; US 10yr auction shows improvement from recent auctions but still weak vs averages; ECB's Kazimir says a rate hike on Iran may be closer than thought; US is to announce new section 301 trade probes on Wednesday; ORCL earnings beat.

Lame Duck RINO Thom Tillis Blocking Warsh's Fed Confirmation Hearings

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"This is not about people, it’s about process..."


Iran Formulated Plan To Attack California With Drones In Case Of War: FBI

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Iran allegedly aspired to conduct a surprise attack using unmanned aerial vehicles from an unidentified vessel off the coast...


Vitalik Buterin Envisions 'One-Click' Ether-Staking For Institutions

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“We want the authority over staking nodes to be highly distributed, and the first step to doing this is to make it easy,” said Ethereum co-founder Vitalik Buterin...


In Massive News For SAVE Act, Cornyn Flips On Filibuster To Push Through Voter ID

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Will he land a Trump endorsement?


IEA Agrees To Release Record 400 Million Barrels From Emergency Stockpiles: Here's Why This Will Have Little Impact

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"Each member will release oil at a time frame appropriate for each member state" which is a slippery way of saying the release won't come nearly as fast as it is required. 


Justice Department Moves Forward With Collection Of Complete Voter Rolls

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About a dozen states have provided the data voluntarily. Although some of the lawsuits have been dismissed, criminal proceedings have yielded results.


Solid 10Y Auction Sees Jump In Foreign Demand Despite Tail

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Overall this was a solid auction, despite the large intraday selloff and despite the tail, and suggests that unlike other asset classes, the bond market is certainly not concerned about runaway cost-push inflation in the months to come.


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Energy Shock Threatens Fertilizer Supplies As Echoes Of 2022 Food Price Spike Return

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"You can't even buy fertilizer right now and I think that's the bigger concern for this coming..." 


Silver’s Bubble Is Still Deflating

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Silver is losing momentum. And CTA downside convexity could accelerate a larger selloff.

'Scientists' Dump 65,000 Liters Of Chemicals Into Ocean In Geoengineering Experiment

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Critics slam risky Ocean Alkalinity Enhancement trial as potential ecological disaster...


"No One Really Knows Anything": Top Goldman Trader Warns Stocks Held Captive By Energy, Face "Violent Up/Down Gaps"

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We are currently in "an exceedingly fluid trading environment..."