Retail investors now make up roughly a fifth of the U.S. private credit market, drawn in by lower minimums—but not necessarily easy exits

The White House has authorized construction of the new Bakken pipeline and renewed operating authority for Enbridge facilities along the U.S.–Canada border...

"While families likely feel that what they gaining from higher refunds, they are paying out in higher gas prices...” 

It’s not just that the market has priced in only one possible geopolitical scenario ahead: it’s not pricing that geopolitics suggests a future when things aren’t priced in as the norm. At which point, what are markets for? Try answering that without answering what GDP is for.

Fairfax, 47, shot and killed his wife before turning the gun on himself...

“The United States has determined ... that dismissal of this criminal case is in the interests of justice,”

"How did the United States win World War II … Manufacturing. Some of it was new factories, but most of it was taking over old factories."

...energy was behind the slowdown

"...I made remarks that were inappropriate... I regret my hurtful comments..."

“Investors have become conditioned to buy every dip. The outlook is binary, either Hormuz reopens soon or it doesn’t. With equity markets already assuming Hormuz will reopen soon, the upside is perhaps limited.” 

With risk assets back making new highs, we think the market is providing a good entry point for cross-asset hedges for 2 different shock scenarios...

The 'no hire, no fire' economy is alive and kicking...

"This is not a positive development..." 

We are likely to see some short-term volatility in US funding rates as tax repayments extract liquidity from the system...

It’s vitally important to address some lies and disinformation being spread by propagandists and foreign agents online about the US blockade...