...more Iran war fallout.

The same class of cryptography secures banking systems, government communications and large parts of the internet...

"Might we conclude that the US government, understanding the demand destruction coming from elevated oil prices, could help alleviate the oil burden by passing a fiscal stimulus bill before the worst arrived?" - Morgan Stanley

"The First Amendment is no word game..."

Puts bid. Calls cheap. That’s not normal for gold.

“The longer the war in Iran lasts and the more destructive it becomes, the greater the risk of inflation will be. Consequently, the sooner and more decisively we’ll have to respond.”

Trump quickly lashed out Tuesday morning...

"Are we back to running the 2022 playbook?"

Crowded Shorts, Short Gamma, Thin Liquidity… And Cheap Calls.

In mainland China, retailers described the move as a "price collapse," with 16GB DDR5 modules falling... 

This was a messy JOLTS report and aside from the now revised away January spike, it confirms that the US labor market continues to deteriorate slowly with every passing month. 

The same helicopters had flown earlier over a “No Kings” anti-Trump protest in downtown Nashville that day. 

Korea went from “must own”…to “who’s left to buy?”

...but inflation expectations surged and labor market trended weaker...

Nobody in power is going to tell a journalist or analyst what their war plans are, just what they *want* them to hear and then tell others. For any D&D players reading, there is no THAC0 in war...

“Consumers are on track to spend $49.4 billion on new vehicles this month, 13.9 percent lower than a year ago.”

"I see only benefits for Russia..."

"Price levels remain elevated, but the rate of appreciation has slowed materially..."