...spending at gasoline stations saw biggest MoM rise since August 2023...

Has been outspoken against deepening Western involvement in the Ukraine war...

...five rate-cuts now fully priced in to the end of 2025...

Illya Sutskever said he’s leaving OpenAI for a “personally meaningful” project...

The long gamma position in stocks could get unwound pretty quickly if the inflation outturn is big enough...

"The market is clearly concerned about something going bad that could lead to rapid easing."

"We could even see June rate cut bets return as Immaculate Disinflation returns..."

"An in-line-with-consensus US core CPI read is discounted and in the price, but that may be enough to promote relief buyers and see the index push higher. A core CPI read below 0.25% month-on-month and I certainly wouldn’t want to be short.”

"This was one of the initial catalysts for the China Property Sector..." 

No funds came to the family, forcing them to refinance their home.

• European bourses are mostly firmer, US futures flat ahead of US CPI & Retail Sales
• Dollar is weaker, Antipodeans lifted on reports of Chinese support measures, USD/JPY dips
• Bonds are firmer, continuing the post-PPI strength
• Crude is in the green, XAU is supported given the softer Dollar & base metals are in the green
• Looking ahead, US CPI & Retail Sales. Comments from Fed’s Kashkari.

Declining arrest rates and slowing police response times to 911 calls also help explain why polls show Americans believe crime is rising.

Wave of violent attacks targeting female staff...

...did The Fed's pivot create a perfect storm for another retail meme-mania?

Several weeks of intensified Russian airstrikes have left vital infrastructure decimated...

"For decades, we have lived very peacefully & without very big threats to Europe. Personally, I think these times are over."

56% of Africa’s millionaires and over 90% of its billionaires lived in just five countries in 2023...