...this is a remarkably dynamic - if almost intoxicating - trading environment...

In February, the rate of inflation was 2.4 percent, which surged to 3.3 percent in March and 3.8 percent in April.

"The organizational realignment to streamline operations and reallocate resources..." 

The modest drop in year-ahead expectations took place as 1-year gas inflation expectations extended its recent decline, sliding to 4.96% in May from 5.11% in April and from 9.42% in March, which had been the highest reading since March 2022.

Of course, we all still have to eat...

...a considerably more "fragile" market amid conditions "materially more violent" moves ahead.

A week after SELLING 32 Bitcoin...

The supply is coming. The only open question is who’s left holding it when the music stops...

It has filed other lawsuits challenging Trump administration actions since its formation...

We think a Defensive stance makes sense until we see bond vol dissipate and Tech selling stabilize...

It gets worse, much worse...

The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average SPX -4% next 3 months, -7% next 6 months.

There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering. 

After last week's sharp sell-off in chip stocks, the latest attempt to keep the AI bubble inflated... 

Options amplified the decline on Friday, and that risk has not cleared...

"If Hello Fresh wanted to alienate a good amount of their potential customer base, they did so right there."