Over the past several decades, America’s culture has been transformed at a pace that is absolutely breathtaking...

...but WTI found technical support at its 100DMA for the third day in a row...

REAR VIEW: Dovishly perceived RBA hold; Strong US 3yr auction; Russia touted potential production increases, before Novak later denies; Plethora of Middle East rhetoric; DIS+ subscribers light with downbeat next quarter guidance; AAPL developing AI chips for data centres & announces new iPad Air; Softer Manheim used car vehicle index.

Mere mortals are left in a hopeless situation. In response, they're withdrawing from the competition en masse...

"...if we get convinced eventually that inflation is embedded or entrenched now at 3% and that we need to go higher [in rates], we would do that..."

Pfizer has yet to determine exactly what happened or how the boy died...

Did consumers finally tap out

"The 'message' strikes back..."

"Lacking any near-term mine supply solution, the only way to maintain concentrate market function will be via demand rationing." 

Survey comes after federal judge shouted down on campus...

"we are getting concerned on consumer spend, and that most of our convos are still with people defending consumer and saying why these results are somehow not a read across."

At least 15 states have sued the Biden administration for changes to the 1972 civil rights law meant to protect females from discrimination...

"We have been replenishing into the SPR for the last several months. I think we have sufficient supply in the SPR to address any kind of concern in the economy if we need it"

Overall, this was a very solid auction, with impressive demand and internals. Curiously, in response to the auction the 10Y yield - which was trading near session lows of 4.43% ahead of the auction - moved higher by about 1 basis point.

The law is an effort to push back against the plan by global elites to force the world to consume ’meat grown in a Petri dish or bugs,' said Gov. Ron DeSantis.

...this is the largest 3-day-increase in long gamma on record...

...alleges the new law violates users' First Amendment rights.

Israel says will go 'deeper' into Rafah if negotiations fail...