Two thirds of faculty vote to approve cap on A grades for undergrads...

Global visible stock draws accelerated over the last week, bringing average May month-to-date visible stock draws to a record 8.7mb/d.

... the media does not report risk, it reports drama...

...from elevated RAI levels very positive returns were less likely, but the frequency of small corrections has increased...

The private Telegram backchannel allegedly allowed Jane Street to unwind hundreds of millions in potential exposure “mere hours before” the Terra ecosystem’s $40 billion collapse...

The drill involved 64,000 troops, over 200 missile launchers, more than 140 aircraft, 73 surface warships and 13 submarines, including eight armed with nuclear-tipped ICBMs...

All property in the United States belonging to individuals sanctioned as part of this effort is now frozen...

The amount of Treasuries held by Turkey crashed to just $1.8 billion by the end of March, down from $16 billion the previous month.

The bond market is beginning to force reality onto Washington, and it may ultimately force an end to the Iran war long before politicians or diplomats are willing to admit it...

Think today’s price action will be quite telling...

"Today, the Trump EPA is fulfilling President Trump's promise to lower costs and is fixing every problem..." 

The risk now is that the unwind feeds on itself, maybe in combination with the building macro concerns or a flip in the calm at the micro level

May PMI indicates that the economy will struggle to manage annualized GDP growth of much more than 1% in the second quarter...

"We're in a zone that's historically been associated with bariatric surgery, and you're getting it with a medicine." 

Stocks were in fact the worst performing asset through the 1970s...

"Honestly, f*ck almonds ..."