Belated realization that Washington & Moscow control the narrative with EU sidelined...

State’s public service commission unanimously approves hotly-contested plan after assurances developers, not ratepayers, to foot bill. Opponents not convinced.

... this time last year saw a pre-Christmas Santa rally that took the S&P 500 up +2.9% in the final 3 days before Christmas.

Copper is trading like the core macro commodity of the AI and electrification era, and policy is now as important as supply and demand fundamentals...

Orsted shares puke. 

Tech giant that spent years silencing dissent now calls out Britain’s draconian crackdown...

"Markets are riding a risk-on liquidity wave into year-end as resilient US growth underpins earnings next year, while a lower Fed fund rate eases financial conditions"

"Significant uncertainty remains, as Beijing has yet to approve..." 

At least in a real casino you get some free drinks and maybe a free suite if you lose enough...

This complicates OPEC+ messaging...

Range-bound markets, muted leverage, balanced positioning — the kind of setup that often precedes a crowded chase higher.

Why is China furious? Well... It's the largest buyer of Venezuelan crude. 

When politicians and “journalists” defame as “fascists” those of us who fight for expansive personal freedom and against government tyranny, they rob society of peaceful public discourse and light the fuse of future violence...

Cross-asset nestors downgrades equities to neutral as stimulus hopes die, momentum breaks, and the Christmas rally runs out of road.

US Coast Guard officials over the weekend tracked two oil tankers in international waters close to Venezuela, marking three tankers within the past week.

"Pockets of easing commodity pressure to aid earnings growth for some. While input cost inflation has meaningfully moderated for Staples at large over the... "

 “Fed QE, Nvidia chips to China, $2k stimmy checks, gas prices back below three bucks, no wonder we’re all max bullish.”

From a surge in boardroom deal-making to collapsing bond volatility, a set of under-the-radar indicators point to resilience beneath the market’s surface.