S&P 500's 2026 rally is being reinforced by a widening pool of buyers... even as record demand for upside call options signals investors are now paying up to chase gains rather than just hedge against losses...

Cambridge University slaps trigger warning on kids' fairytale...

AI ripped. The power trade lagged. That gap is now closing.

Energy price deflation dominates... SuperCore CPI YoY at the slowest since Sept 2021...

Washington tries to keep alternatives to Gulf oil and gas flowing...

Now that the labor situation is known (and lousy), attention turns to the July CPI due Wednesday at 8:30am ET, where we don't expect anything close to the same fireworks from last Friday's jobs print. 

Term premium in US Treasuries is rising faster than in other countries due to less policy guidance from the Fed coupled with rising inflation and inflation volatility...

"A higher inflation reading would likely boost expectations of a hike in September and December and thereby putting pressure on equity and bond prices"

Convexity is cheap. FOMO isn't.

“Earnings drive market outcomes. In 151 years, every single 20% market decline was accompanied by a double-digit earnings decline, with zero exceptions.”

Ulf Kristersson said he had expressed his reservations about the move to his Spanish counterpart Pedro Sánchez at a meeting of EU leaders.

...why the current AI credit cycle looks less like a free lunch and more like a classic "heads I win, tails you lose" setup

Pakistan's Foreign Ministry said it continues to activate direct and indirect diplomatic channels between the US and Iran and that they are working to bring both sides to the negotiating table in Islamabad.

OnlyFans: Come for the porn, stay for the 25% EBITDA yield.

Aluminum prices in London hit a seven-week high...

Tehran preparing for "more confrontational posture at home & abroad" which could last several years...

Musk might have been right about Europe after all - something Europe may not be ready to hear.