Cheap right tail in China tech - enough said.

Stablecoin issuers, sovereign wealth funds, corporations and tech firms are increasingly active in gold markets. This trend marks a structural shift in global demand once dominated by central banks...

...orders rose for the 6th straight month.

"The proposed metaverse cuts are part of the company's annual budget planning for 2026, which..." 

The parallels with today are pretty obvious...

Data centers in space? 

Exposes the “paper of record” for ignoring Biden’s epic collapse...

...initial claims plunged to their second lowest since 1969!

"Retail momentum stocks and crypto are still way below the recent peaks, though both have recovered from the recent lows"

The result is a managed price war in slow motion...

The bank - which has been instrumental in raising much of this debt - is getting rather concerned about the feasibility of raising the hundreds of billions more needed for the AI cycle to succeed. 

Lubeoil...

"Already-stretched speculative length means..." 

 

JPY isn’t just FX - it’s global funding. If the yen wakes up, VIX won’t stay asleep.

"Once you get a failure to deliver, you will get a Mad Max scenario..."

Porsche shares were up more than 5%, Mercedes-Benz and Volvo Car gained nearly 4%, Renault rose 3.3%, and Stellantis climbed around 2.7% after an 8% rally the previous day.

America’s great build-out will test the limits of labour supply, material availability, and monetary policy flexibility...

When affordability dies, policy turns to financial engineering. Because nothing fixes a broken housing market like making the debt eternal.

AI demands are challenging ‘climate change orthodoxy’...