That same endgame is now advancing in the US, and when the “reset” phase arrives, the biggest losses will hit those who wait for official confirmation....

"Buy the F*%king Dip" is now "Sell the F*%king Rip"

"We’re going to war with Iraq - that’s been crazy..."

TikTok and Snap Inc. settled with the plaintiff before trial for undisclosed amounts...

This was another very ugly auction, if slightly better than yesterday's dismal sale of 2Y paper. Still, that is hardly a endorsement at a time when the US is about to see a surge in war-related deficit funding demands. 

The catch is that the market structure remains fragile...

EM trades macro stress. Brazil trades commodities and flows. EM is breaking. Brazil isn’t.

"Ceasefire & peace talks are more important tasks at hand..."

As Indian purchases of now-unsanctioned Russian oil soar, refiners are increasingly settling purchases of Russian oil in alternative currencies...

That’s because the metaverse was such a disaster.

First in Asia, then Europe, then everywhere else... 

After dozens of fighters killed, another war front opening?

A service provider is liable for a user’s infringement only if it intended its service to be used for that purpose

Term premium has only been a minority contributor to the rise in US and global yields so far...

"I think it demonstrates where the Florida voter is..."

“A lot of this is hand-holding, particularly for energy markets...”

Yet is there more going on in reality? What Iran says its positions are may not be what they actually are – and the same could be true for the US, to a lesser extent...

Growth gets downgraded, consumers roll over, missing the AI train — and somehow only 23% of stocks are oversold. Europe is structurally sidelined.