The issue of Red Sea security is far from resolved and is becoming more dynamic...

...interesting that the betting markets suggest the probability of a US withdrawal is about the same as boots on the ground.

The list of factors limiting AI build-out continues to grow...

We think a market-neutral approach is prudent with longs in Energy and MegaCap Tech and combination of index hedges...

The market has priced a large hawkish policy shock, alongside a more modest growth shock...

California has lost at least $180 billion to fraud, according to officials and experts...

"I certify under penalty of perjury..."

 

"the biggest disconnect in client conversations has been the view around oil prices from macro vs physical or specialist clients, with the latter seeing the current futures as underpriced vs. the size of the disruption."

"That's the physical backbone of modern life, sitting behind chain-link fences, with no ability to stop a drone costing between $30,000 and $80,000." 

“We now question when we will see 20k-plus-unit order intake months again, and how quickly trailer OEMs will build down the still-thin backlog..."

What about domestic ones?

"Wes Moore is, without question, the worst governor in the history of Maryland." 

The USPS in its current form needs to be put out of its misery.

"You got it. Thank you, bye... I was just talking to the President." 

 New acting AG Todd Blanche declares full release complete... even as millions of pages remain unreleased...

5 charts on how Europe went from hero to less than zero in the investor community.

Secretary of War Pete Hegseth has overturned the controversial rule banning firearms from military installations...