S&P 500 & NDX posted fresh all-time highs.

Now that a third of working-age men have slipped into a life of lethargy and nihilism, it’s time to sound the alarm. We have to start fixing this...

With global refineries working overtime to convert oil into much needed product, Japan's refinery utilization rates also surged in May...

The upside chase keeps getting more aggressive.

Looks like he caught a case...

...they want to be “just as radical and just as, uh, anti-democracy as they accuse the other side of being.”

‘This is false and salacious reporting that serves as nothing more than a PR campaign for the cartels and puts American lives at risk,’ a CIA spokeswoman said.

Hotter-than-expected US PPI; Fed's Kashkari said inflation too high, labour market is "lukewarm"; Fed's Collins says policy well positioned & possible Fed will need to hike rates; US & China are reportedly said to be weighing tariff cuts on USD 30bln of imports; NVDA CEO joins Trump in visit to China; BofA hikes MU PT; US Senate confirms Kevin Warsh as Fed Chair; UK PM Starmer pressure intensifies; EIA crude stocks draw more than expected; Weak US 30yr bond auction.

...Retail, Gamma, and Huang trump PPI, WTI, A/D, MOTPs, and USTs...

However, the internet blackout has hit day 75...

"...shorting the living shit out of it..."

“The timing and the optics are really bad"

Sen. John Fetterman (D-Pa.) crossed party lines to support President Donald Trump’s nominee...

Sometimes stocks and markets completely ignore fundamentals and run higher on a self-reflexive loop. During these moments, prices get divorced from fundamentals, and individual stocks and/or markets can become fragile...

Whoops...

... this is an “everything is overbought” market...a breather would be extremely normal...

"About 15 shots were fired, and we were forced to pull back."

Nobody owns enough China tech if this breakout starts accelerating.

This was the first 30Y auction to print with a high yield above 5% since August 2007... which as veteran traders will recall was the month of the historic quant crash which marked the S&P highs at the time and eventually culminated in the global financial crisis. 

In the coming weeks, the Supreme Court is expected to release consequential decisions on birthright citizenship, girls sports, and mail-in ballots.