'bad news' is good new... for now!

Mortgage rates above 7% continue to plague existing-home sales, which are "stuck"...

"The more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis..."

Even the most vocal bull is now in the risk-off camp

Bidenomics 101: the American dream of owning a home has become the American nightmare for almost half of the entire population...

"The PMI figures are poised to test the ECB’s willingness to cut interest rates in June"

More important for the longer-term outlook is how the yen’s steadily weakening path is leading to domestic investors to allow their foreign asset positions to become underhedged...

Heaviest shelling in weeks as expanded operations focus on central Gaza...

It's common sense...

"A 2 standard deviation move in US 10-year note yields - equivalent to around 60 bps today - over a month is when impingement really kicks in"

“Whether markets see further consolidation from here is likely to hinge on the assessment of the sustainability of AI demand ahead following the earnings releases,”

Huawei is a rising star.

We really are in the early stages of a full-blown societal “collapse”, and things just keep getting worse with each passing day...

“The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11 percent year over year...”

“There is pushback on the dogmatic view that the future of the world hangs in the balance, and those taking the most extreme positions on the matter have been undermined by an unwillingness to consider nuclear at any price,”

...the situation is more accurately described as more people exiting certain blue states – e.g. New York and California – and heading to other states in general...

The Bitcoiners will first need to convince 100,000 Swiss nationals to sign the petition to kick off a referendum... a threshold that plagued their first attempt in October 2021.