Skew is screaming stress — biggest rise since Liberation Day

How can the US Dollar, capital markets or Fed swaplines be mobilized to support US interests if those tools are gatekept by independent technocrats pursuing a much narrower definition of the national interest?

"The basket is down -2 standard deviations today and we think ..."

The IEA sacrificed its credibility...

The Alberta Prosperity Project (APP) gains clout in Washington...

They are no longer trading counter-cyclically with the economy...

"Justice is coming..."

Once upon a time Europe was considered somewhat 'anti-war'...

...did Copper start the crash?

The Shanghai hoard is forcing gold into BofA’s "Bubble-Risk Zone"...

A substantial strategic pivot...

...biggest jump in six months.

The farm equipment maker will build two new factories in the United States, one in North Carolina and another in Indiana.

Oil's surges comes amid a relentless meltup across virtually all commodities. Trump will hardly be pleased when he sees the inflationary bill...

The “war economy” analogy doesn’t feel far off... FX vol is picking up...

“We need to defend the Arctic...”

“Capex spending has increased across the board. The market is just rewarding the ability to monetize it, while placing question marks on companies that aren’t able to do that.”

...confirming Powell's labor market "stabilization" view

Hang in there...

Improving growth in the US is stimulating a global recovery, leading to foreign currencies outperforming the dollar...