"Insane Charts": Liquidity, Flows And Positioning Across Institutions, Hedge Funds, CTAs And Retail

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We take quick advantage of the lull to go through the latest Institutional, HF Prime Brokerage, ETF, Systematic (and other) data to get a detailed breakdown on positioning right now


Are Markets Out Of The Woods Yet? JPMorgan Traders Say 'No'...

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"We continue to believe that we would be buyers of equities some time in 2H, but the current volatility is likely not done yet..."

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CIA To Unleash 'Finely Tuned Machine' To Destroy Mexican Cartels

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"The drug trafficker is a savvy, sophisticated adversary..."


No Such Thing As Free Trade

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For as long as trade has existed, there have been duties, fees, levies, tariffs, or taxes that have been applied in all shapes and sizes on goods entering a country...


Zerohedge Debates

Trump Admin Moves To Defund Left-Leaning PBS, NPR

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"Rescission of all Federal funding for the Corporation for Public Broadcasting (CPB)..."


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EU expects US tariffs to remain as talks make little progress; China reportedly halts BA jet deliveries; Canada to provide temporary six-month relief from counter tariffs on imported US goods on certain products; US import prices unexpectedly fall, export prices unchanged; NY Fed mfg. improves more than anticipated, but 6-month outlook worsens; UK adds more jobs than expected, wages slightly cooler; Softer-than-expected Canadian inflation; IEA OMR cuts 2025 oil demand forecasts; Germany ZEW sentiment slumps; BAC & C top earnings expectations.

On Tax Day, Never Forget IRS Culture Bingo

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These "economic reality training modules" encouraged examiners to think the worst of taxpayers...


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"Headline Fatigue Is Real Now" - Bonds & Bullion Bid As Top Goldman Trader Warns "Tape Remains Fragile"

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'Hard' and 'Soft' data continues to diverge as Empire Fed beat (but was weak) and Import/Export Prices slid more than expected (both positive on the face of it)...


Stablecoin Supply To Surge To $2 Trillion, Support USD Hegemony; StanChart

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That level of demand is enough to absorb all new T-bill issuance planned during Trump’s second term...


IRS Extends Tax Deadline For Entire State Of Arkansas

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Taxpayers in Arkansas now have until Nov. 3 to submit their taxes...


Walmart's Presence At China's Biggest Trade Show Raises Supply Chain Decoupling Doubts

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"In appliances like air conditioners, Chinese products' price-to-performance ratio has no global rival.


Goldman: "China Doesn't Move Needle For Boeing Right Now"

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"We think the impact to Boeing is very small..." 

 


Real US Yield Curve Is Signaling Inflation Is Far From Over

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...steepenings in the real yield curve are typically consistent with rises in inflation,


OpenAI Building "X-Like" Social Network After Grok "Made Everyone Jealous"

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Twoketer?


China Limits Stock Sales To Maintain Impression Of Stability, As Bessent Hints At Boosting Treasury Buybacks If Fed Does Nothing

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If the Fed won't do anything, the Treasury will take matters into its own hands...


Ethereum Co-Founder Vitalik Buterin: "Privacy Is Freedom"

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Buterin highlighted the urgent need for stronger privacy solutions, arguing that overreliance on transparency rests on naive assumptions about human nature...


Liberation Day Fallout: China's Port Volumes Sink After Trump's Tariff Blitz

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Just getting started. 


Rabobank: Just What Does A World In Which The Dollar Isn't Reserve Currency Look Like?

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Global bifurcation into different currency (or commodity), trade, clearing, energy, and defense blocs – within which the dollar may remain primus inter pares at gunpoint despite a narrower trade deficit?


Federal Judge Halts Trump Admin's Deportation Of Half A Million Biden "Parolees"

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Judge Talwani’s order would require individual hearings for the half of a million individuals allowed into the country under this program by President Joe Biden.


US Import Prices Tumble Despite China Tariffs

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Is Trump's core thesis being proved correct?