Wright will be in Miami for the Goldman Sachs Energy, Clean Tech & Utilities Conference... 

The elite worldview secures an order, America First secures a people.

REAR VIEW: Positive geopolitical headlines on Ukraine, as parties edge nearer to agreement, albeit with no Russian response; NVDA highlights strong demand for H200 in China, but uncertainty remains around approval; Disappointing EU S&P Global Final PMIs; Miran toes usual dovish lines; Barkin sees current policy rate within range of neutral; Senior US official says issue of US acquisition of Greenland is "not going away".

...surging China investor interest sparks vertical price shift in metals and Beijing bonds & stocks.

For many liberal voters, impeachments are the thrilling cage matches of lawfare...

92. Silver’s monthly RSI just went there.

"If anything, it’s downplayed..."

There are serious problems with all of his choices...

After Maduro’s capture in Venezuela, Trump renewed threats to intervene in the neighboring country over alleged cocaine trafficking.

...suspect the yards will be a bit harder and the upside convexity of the market will be more limited.

If the commodities squeeze is signaling reflation, oil’s lag stands out as a catch-up trade.

"Trump runs it hot...soon all the commodity charts will look like gold..."(BofA)

At least $7.35 billion in TANF money will be prevented from going to California, Colorado, Illinois, Minnesota, and New York. 

Stocks and bonds begin the year close to “fair” value, limiting the potential for outsized moves...

"The real question is what right does Denmark have to assert control over Greenland?"

Distrust did not emerge from nowhere. It was earned.

"Our comparison of financial flexibility and corporate returns projections for hyperscalers suggests..."

"Today, that proof is unmistakable. These men did not die treating patients or coaching athletes. They were killed as part of Maduro’s inner security ring..." 

"...fueled by a rush to ship the metal to the US amid tariff uncertainty and persistent supply disruptions"

"we begin the year Tactically Bullish"