“Like, why is a bank allowed to do that?”

"The AI system shall not be intentionally used for domestic surveillance of US persons and nationals..."

So far today, none of these conditions has been met...

The dollar, Treasuries, stocks and commodities cannot be expected to behave as in prior risk-off periods...

On geopolitics, the market was set up for contained, tactical conflict (think Venezuela)...

“Sentiment is gradually drifting from an orderly selloff to a panic selloff. We are now starting to see overreaction by investors. This increased panic selling may last for a little longer, but will eventually open up buying opportunities.”

Just when you thought it couldn't possibly get any worse...

"Gulf producers could likely sustain production for no more than 25 days under a full Hormuz disruption" - JPMorgan

If 2025 was the year the ETF industry broke records, 2026 is shaping up to be the year it redefines them, with virtually every key metric running above last year's unprecedented pace. 

“There is no viable alternative to getting containers in or out of ports such as Jebel Ali by ocean if the Persian Gulf is off limits”

.40 cents per round certaintly seems like a floor.

...Wrong!

...complacency in stocks?

JPMorgan's Market Intel desk turns Tactically Cautious as it prepares for "what may be a multi-week period of elevated uncertainty"

"I can not get my head around how a market that has this much going on had a vix last week with a 19 handle..."