"Enough!" - House GOP Pledges Investigation Of DoJ With November Win After FBI Raids Trump's Mar-A-Lago

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“The Department of Justice has reached an intolerable state of weaponized politicization...”


Taiwan Holds Own Live Fire Drills, Warns That China Prepping Future Invasion

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"China has used the drills & its military playbook to prepare for the invasion of Taiwan."


Inflation Expectations Are Crashing. So What? It Doesn't Matter...

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...more inflation expectations nonsense from the New York Fed and economists yet again


Much More Demand Destruction Needed: Why Goldman Sees Oil Prices Surging By Year-End

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"We continue to expect that the oil market will remain in unsustainable deficits at current prices. Balancing the oil market therefore still requires oil demand destruction on top of the ongoing economic slowdown."


Pulling Forward Growth No Longer An Option

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...the surge in the M2 money supply is now over. Without further stimulus, earnings must eventually revert to economically sustainable levels.


Futures Slide On Tech Weakness As Meme Stocks Fade, CPI Looms

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"Until inflation abates and the Federal Reserve rebalances its priorities away from inflation and toward growth, tempting rallies are likely to remain unsustainable."


Recession is "crashing"

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closer to a complacency point where one actually could start shorting the market again...

Russia Suspends US Inspections Of Its Nuclear Arsenal Under New START Treaty

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"On August 8, 2022, the Russian Federation officially informed the United States via diplomatic channels that our country is temporarily exempting its facilities from inspection activities under the New START Treaty"


Oil Spikes As Ukraine Operator Halts Some Russian Pipeline Flows

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EU sanctions are preventing Russia’s transit payment...


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European bourses are under modest pressure, Euro Stoxx 50 -0.5%, but remain relatively rangebound and lack conviction with catalysts thin.

Cathie Wood Sold 1.4 Million Shares Of Coinbase Before It Rallied 80% Due To Regulatory "Uncertainty"

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Three of Wood's funds collectively sold more than 1.4 million shares - or about $75 million worth of COIN - on July 26. It's up more than 80% since then. 


Are Older Workers Propping Up The US Economy?

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"The data is rather persuasive..."


Apple Demands Taiwan Suppliers Use 'Made In China' Labels

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Apple's decision has already been criticized...


There's No Demand For Italy's Debt Except From The ECB

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Were it not for ECB's country-specific QE, Italy's bond yields would be soaring...


Here Are The Winners And Losers In The 'Inflation Reduction Act'

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Starting with the wealthy...


Biden "Not Worried" About Chinese Aggression - Press Secretary Scrambles To Clarify

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Still won't endorse Pelosi's decision to visit Taiwan, saying, "That was her decision."


Australia Blasted For Fielding Cricket Player Infected With COVID To Help Team Win Gold

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Held its own COVID-infected citizens in quarantine camps...


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APAC stocks eventually traded mostly higher following a tentative lead from the US (S&P 500 -0.1%).

France Looks To Keep Nuclear Power Plants Running Despite Heatwave

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French authorities have allowed five nuclear power plants in France to continue operations and discharge hot water in rivers even during another heatwave as the country looks to keep its electricity generation stable and conserve natural gas for the coming winter.


Marko Kolanovic Says It's Time To Shift Away From Stocks To Commodities

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"with commodities lagging other risky assets, we shift some of our risk allocation from equities to commodities."