Trump’s Indictment And The Collapse Of Confidence In Our Institutions

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The stench covers both sides...


Have You Seen This Man? Biden Special Counsel Robert Hur Appears To Have Vanished

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Hur’s investigation of classified documents allegedly found to be improperly in Biden’s possession appears to have all but disappeared.


Central Banks Hold Key To Revive The Value Trade

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The valuation gap between growth and value is quite significant. So I’m quite optimistic that the risk-reward opportunities and the prospective returns in a fundamental value strategy look quite good.”


Bad Policy Assures A Perpetual Sense Of Burning Crisis

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Forest fires are big, mediagenic events. The pictures are dramatic... They are also widely misunderstood and being used to make outlandish claims in favor of “climate policy” that has nothing whatsoever to do with the matter at hand...


BlackRock Close To Filing For Bitcoin ETF: Report

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BlackRock will be using Coinbase Custody for the ETF - it was not yet clear if the proposed fund will be spot or futures - and the crypto exchange’s spot market data for pricing.


EU NatGas Spikes Again, This Time On Report Europe's Largest Gas Field Set To Close

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The multi-week rip-your-face-off rally has led to 112% gains. 


The ESG Ruse Continues: Legacy Tobacco Companies Are Posting Higher ESG Scores Than EV Maker Tesla

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Tesla earned just 37 points on their ESG scorecard while Philip Morris posted a score of 84.


Odey Asset Management In "Advanced Discussions" To Rehouse Funds After Founder Sexual Assault Allegations

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"Acting in the best interest of our investors and our staff..." 


Teflon AI

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AI above all...

NASA Blocks Replies To Its 'Pride Month' Tweet

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Goes hand in hand with the unprecedent effort to shield Joe Biden...


Initial Claims At Highest Since Oct 2021 As Texas Jobless Count Soars

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...but continuing claims rose only modestly.


Retail Sales Unexpectedly Surge In May Led By Autos and Building Materials

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Gasoline stations and Miscellaneous Store Retailers saw sales slow as Building Materials and Motor Vehicle sales soared...


ECB Hikes Rates (As Expected), Unexpectedly Raises Inflation Outlook Amid EU Recession

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...a clear signal they will keep hiking.


Central Banks To Step Back As Inflation Steps Up

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Rising global rate expectations are likely to be disappointed as slowing inflation significantly tightens real rates through the rest of the year, allowing central banks to deliver fewer hikes than priced.


Futures Drop As Markets Reasses Fed's Hawkish Skip; ECB Looms

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“With the Fed’s policy rate likely to peak soon, the ECB may not want to be too far behind. As tempting it may be to price a turn, we believe this week’s meeting is far too soon.”


ECB Set To Test Market Positioning On Rate Trajectory

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Any tweak in the language that suggests inflation is stickier will spur traders to price in a terminal rate that takes it toward 4%.


AI Poses Threat To Democratic Order: President Of Germany

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“Neither the AI nor the companies operating it are democratically elected,


CRE "Doomsday" Event In Office Spaces Won't Crush NYC Revenues, Comptroller Reports

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"Downward pressure on office building valuations could also adversely affect lenders if a significant number of property owners were to default..." 


"Nightmare Scenario": US Government Has Been Secretly Stockpiling Dirt On Americans Via Data Brokers

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"The government believes it can “persistently” track the phones of “millions of Americans” without a warrant..."


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European bourses & US futures trade on the backfoot post-FOMC and pre-ECB