Ultimately, the state is betting that attracting companies at the frontier of emerging technologies could reshape its economic landscape.

REAR VIEW: Headline PCE in line, core Y/Y slightly above Wall St. expectations; GDP growth revised down; Dismal Durable Goods; JOLTS beat; UoM Sentiment tops consensus w/ inflation expectations beneath forecasts; Awful Canadian jobs data; Pentagon reportedly moving a Marine expeditionary unit to the Middle East; Trump told G7 leaders in a virtual meeting Wednesday that Iran is "about to surrender"; Indian government official said oil tanker Jag Prakash moved out from the east of Strait of Hormuz; UK GDP misses in January.

"Product prices have already nearly tripled" - JPM

"US-listed ETF shorts on the Prime book increased +10% yesterday: the 2nd largest 1-day increase on Goldman's record."

Only two of the original 11 co-founders remain...

US inflation expectations, however, remain complacent...

Amidst all of the smoke, feedback loops, and endless rounds of game theory...

"US is fighting a kinetic battle in Iran. Iran is at war with the SPX..."

The underlying dynamics in the stock market are becoming more unstable, increasing the likelihood of bigger swings in prices with a downwards bias...

Today's JOLTs report was unexpectedly strong and should put to rest some of the fears sparked by last Friday's catastrophic jobs report.

...exposing the structural fragility at the heart of the alternative investment complex.

US growth slowed dramatically at the end of last year due to the longest government shutdown on record. 

“Markets have sailed through the last quarter with an optimistic bias, sticking to a buy-the-dip mantra, but this spike in volatility is likely to put an end to this,”

US has issued a new Russia-related general license permitting the sale of Russian crude oil and petroleum products loaded on vessels as of March 12.

Something strange happened after the Iran war broke out: for the first time in over a year, retail investors aren't jumping in to buy the dip.

"We are already seeing customer sentiment decline..." 

APAC stocks were mostly subdued, with the region cautious amid headwinds from the recent double-digit surge in oil prices.

...for the first time this year, retail investors are showing persistent signs of weakness, with weekly purchases decelerating by ~30%

We have succumbed to the illusory belief that "the powers behind the curtain" can--and will--always save us from a market crash and "real recession"...