...nearly one in four Gen Z adults currently identify as something other than heterosexual.

"There could be more dispersion ahead as sentiment around key AI-exposed sectors is still very critical"

What's happening? 

participation in a criminal organization...

Gold’s volatility shock isn’t a one-week event — history says normalization takes months. If this turns into another grind, theta sellers get paid.

...officers collaborating with federal immigration agents will be held “accountable,” as the city defends its so-called “welcoming” status.

"The most obvious catalyst to reverse the “AI-awe to AI-poor” rotation is an AI hyperscaler announcing a capex cut" - Michael Hartnett

"This hyperscaler thing is just so ginormous and there’s so much more to come that it really begs the question of ‘do you want to really be nakedly exposed here'?" 

At least now Trump admin can point back to how coal saved power grids from near collapse. 

The European Union has lost its place in the global race for artificial intelligence. In a single tweet on platform X, France’s President Emmanuel Macron inadvertently outlined the convoluted situation while simultaneously revealing his personal emotional fragility.

Aircraft purchases, "shared interests" in oil, gas and mining

AI is no longer lifting all boats... capex is exploding, spreads are widening, and software is cracking. When VXN diverges and picks-and-shovels lead, the narrative shift isn’t subtle anymore.

Germany’s political class is now demanding “location patriotism” from corporations, after decades of dismantling the very cultural foundations that once anchored national loyalty...

"And I think we need to call it for what it is." 

The Philippines recorded the largest reduction, cutting reserves by more than 65 tonnes...

A new US license is being interpreted as prohibiting Venezuelan energy companies from transactions with China among other countries...

When virtue signaling goes wrong...

“If they want to take strong action to prevent the Islamification of the UK, it’s going to mean big trouble for them. They don’t want trouble, they look four years ahead, they will kick the can down the road to someone else.”

The longer-term underperformance chart vs US starting to look very interesting.