Brazil is starting to overshoot. The trade worked. Now comes the part most people get wrong.

Entertainment, travel, and retail spending all remained healthy. 

"The suggestion that investors are not supportive of our strategy defies the facts..."

As the war premium fades, the physical market looks more fragile...

"Like many manufacturers, we are operating in a highly volatile and unpredictable tariff environment that continues to create uncertainty across the market." 

Gasoline stocks plunged by the most since March 2023...

The strange part is how long something so mismatched with modern market behavior managed to stick around...

Another solid results from the 2nd largest US bank, with equity trading report stellar numbers coupled with a big beat in net interest income, offset by a miss in FICC trading revenues. 

Pirro persists in probing Powell's possible perjury...

Just when you thought you’d seen the last of the AI pivot idiocy…

XLE: Not fundamentals. Just positioning getting forced out.

"...the storm is real... the dollar is fighting back."

With the ceasefire appearing fragile but right tail strength evident as ever, US equities continue to face the two-tailed risks

Arson wave targets christian heritage...

“Amid all the uncertainty, I consider it warranted to re-focus on the outlook beyond the war. A key driver of markets is that the war-related dash for liquidity is over and partly reversing. That helps the more risky assets."

"With Ising, AI becomes the control plane ..."

Forced out at the lows. Pulled back in at the highs. That’s how squeezes work.

The launch extends a broader push by Tether to move up the stack from issuer and infrastructure provider toward consumer-facing products...