Shorter premierships mean shorter policy horizons, less confidence in long-term reform and greater sensitivity around fiscal events.

“I've been black for my entire life. I had to bring up the most racist thing I've ever heard [which] is the insinuation by Democrats that black and brown Americans are too stupid to get an ID to vote, just like everybody else.”

We now have a combustible brew, the likes of which haven't been seen since the time when guillotines were still used to dispense mob justice.

“The guy that tried to get on the plane yesterday had direct ties to the IRGC...”

The Reflection-SpaceXAI deal also shows that SpaceX's massive compute buildout is not just for internal AI chatbots, but is also becoming a revenue-generating business...

Tech volatility is screaming.

It seems we are getting closer to a clearer answer to the "trillion dollar question"...

U.S. Attorney Jeanine Pirro said several citations have been issued to individuals accused of vandalizing the pool...

The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity for more than 530,000 Texas homes...

The current environment is characterized by: Equity markets pricing resilience, Bond markets pricing persistent inflation and commodities reflecting geopolitical risk. This divergence suggests that markets have yet to converge on a coherent macro narrative...

The main data highlights this week are the global flash PMIs tomorrow, and the US core PCE on Thursday

Moreover, despite the parallels with 1987... the overall run-up has been much shallower today, with the index basically flat in the last month...

...sanity returns?

Stocks soaring. Currency collapsing. Foreigners dumping equities. Retail traders maxing out leverage. Semiconductors exploding while the rest of the economy barely moves.

China is adding 10 American firms to its export control list, including two rare earth firms MP Materials and USA Rare Earth, while also restricting 46 US firms from government procurement, in response to Washington’s recent expansion of a military blacklist.

JPMorgan analyst Diego Pereira said, "A one-point win is still a win, but one this thin reshapes both the mandate and the politics of delivery across fronts."

 

... suggestive of a market in the process of topping...