"If we get to Sunday when futures open without a resolution, we think risk assets will see a more aggressive sell-off. "

"According to local reports, a vehicle crashed into the Jewish synagogue before shots were fired." 

‘That would be the exact same as last year’s COLA of 2.8 percent,’ a seniors group said.

Overall, this was a solid if not stellar 30Y auction, which considering the mauling the long-end has been subjected to - note the 10Y is now trading at 4.24%, up sharply from 3.97% two weeks ago - it was a very respectable result.

Bitcoin finally has a real payments advantage in the world of agentic payments. We all have to pitch in to capitalize on it...

The only way out of this crisis is through. Through Hormuz. Through Iranian resistance. Through violence. Anything that happens in the financial, not the physical, space is ultimately irrelevant vs. that dynamic.   

Maybe they can let us know who the offenders are?

SPX near the 200-day, CTAs selling, correlations rising. Déjà vu?

Meantime, physical stress is spreading...

...identifying private credit as a "key risk"...

The world’s biggest commodity is trading with a “VIX” at 125. Go figure.

Russia vital in ensuring global economic stability, stresses Dmitriev...

Going down the list...

The Iran war is the biggest risk to a US economy otherwise showing broad-based strength and a liquidity backdrop very supportive of asset prices...

"...we think a "run on the bank" is inevitable and would recommend all investors to get out of levered private credit while they still can..."

Florida was the top destination for movers in the United States, followed by South Carolina and Arizona.

Markets are trading the old playbook of energy shock and growth collapse, yet today’s Europe has cheaper gas, resilient earnings and a consumer that never actually cracked.

Ship brokers said the 20 ships trapped in the Persian Gulf make up nearly half of all LNG ships currently available for charter.