UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz
White House sets in for "strangle them" over time strategy...
White House sets in for "strangle them" over time strategy...
Bessent panics and confirms that "Not QE" Treasury buybacks were, in fact, QE all along
"hid" how Iran had destroyed much of the main naval logistics hub in Bahrain...
"The ability of the grid to add new generation is much, much smaller than the demand of queued large-load facilities"
Warsh signals fewer meetings possible....
"It's good for everybody, but our farmers are going to be thrilled. Our manufacturers are going to be thrilled."
“This isn’t a close case. The State presented more than enough evidence to support a probable cause finding on all seven charges...”
We were facing the highest yield for a 20Y auction when the Treasury panicked. In retrospect, it may have bought just a few days/weeks of stability.
The scandals keep getting progressively worse...
"The buyback operation is effectively similar to the Fed’s operation twist. Treasury would have to issue more Bills to finance the removal of duration from the market. As this eases financial conditions, it would arguably necessitate an offsetting tightening from the Fed."
Extremely disturbing trend emerges...
While larger Treasury buybacks are squeezing steepener trades and prompting a short-covering rally in the long-end, the burden of driving markets ultimately remains with the Fed...
"I was told by top FDA, NIH officials..."
“It’s clear that our Cherokee Nation Administration, Council, and citizens have serious concerns about the construction of hyperscale data centers on our tribal lands, which affect our resources and cultural lifeways."
...lurking under yesterday's hood of a quiet index moves were some serious pain trades as momentum composition shifts...
"This will give everyone direct access to the foundational FDA authorization to accelerate its development as a medical treatment in the US..."
La-Z-Boy is another canary in the coal mine, warning that America's frozen
...crude stocks rose for the 3rd straight week, distillates inventories drewdown for the 3rd straight week...
The 'risk' markets are pricing the destination. The bond market is still pricing the starting point...
