"The markets believe that the Fed is going to succeed. This is pure nonsense! ..."

Overall, this was a very strong close to refunding week, and the market clearly approved with yields sliding to session lows in kneejerk reaction to the solid demand for the ultra-long dated paper.

The former president made the announcements on Thursday morning before his so-called “hush-money” trial started.

The inflationary impact of various potential forms (i.e., look at the Houthis)-- has increased in tandem.

Six in every 10 Americans feel that both corporations and the wealthy don’t pay their 'fair share' in federal taxes.

It’s time once more to increase vigilance for a US recession...

"You're going to see a regional bank fail every day, or not... every week, maybe two a week..."

“BNPL essentially lets people dig a deeper and deeper hole of credit, which will be harder and harder to climb out of”

James Comer said Congress is taking steps to "proactively protect a fair electoral process"...

Delegations leave Cairo with no ceasefire deal...

In all its hubris, the Fed is stuck between preventing a banking crisis and preventing inflation from getting even more out of control...

They also want "the same housing support that has been offered to others..."

Is this just a much needed consolidation before the next move higher?

Stocks and bonds are rising together at the moment, but the flipside of that positive correlation is that they can fall together too...

So, is the revenge travel mania over? 

...the US expects that Bibi will indeed be pressured by this newfound policy into compromising on Gaza, which could discredit his leadership among the ultra-nationalist members of his coalition on whom his government depends...

This level of 'data dependence' in an illiquid market will not end well..

"Realistically there is nothing Jack Smith can do to move the Mar-a-Lago case forward to trial before the election..."