• US President Trump warned that Iran has some missiles left and that they could wipe those out.

Only six states now generate more than $1 trillion in annual economic activity (nearly half of the entire U.S. economy)...

At least Democrat leaders are starting to admit what they really are. Champagne socialists unite...!

"No one other than China, who was already buying it when it was sanctioned, has bought it, so it's still trading at a discount", and now not even China wants it. 

"Internal travel unrelated to AI development will be paused, and the company will look for ways..."

After a catastrophic Q1 for private credit BDCs, Q2 is proceeding just as many had expected: even worse.

Record leverage is sweeping through the financial system, exposing various entities to potential losses... Banks' balance sheets are a key vector of risk...

Central Banks Need To Get Things Right, Or Talk About "Revolution" May Not Be Hyperbole

A rich opportunity set doesn’t mean the ride has been easy...

 "Japanese officials warning us we won't get a warning by delivering a warning." 

...feels like markets are entering the second half with less enthusiasm for simply buying every AI winner and more willingness to rotate into laggards.

The company also produced 451,758 vehicles during the period, signaling a meaningful improvement after a slow start to the year…

...initial claims basically unchanged in five years.

“The market recognizes the risks associated with a potential overvaluation in the tech sector. Whether a major shift away from the tech sector is underway will become apparent by the next round of quarterly earnings reports.”

"The whisper on NFP is already elevated... Equities marginally want something weaker than consensus: with no forward guidance, hot NFP means hikes in play, which is unfriendly for pockets of equity risk."

"The goal is not only to support people through economic change after decisions have already been made, but to give them a stake and a voice..."