Dire Straits No More...?

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"I think the war is very complete, pretty much..."


Trump Threatens Harder Strikes If Iran Hits Global Oil Supply, Pledges US 'Excursion' Nearly Complete

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Trump refuses to say if new Ayatollah has a target on his back when pressed by reporter...


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Central bank headlines still move gold today. But a new global gold capital market is emerging that could change who really drives demand.

Sponsored Content By Monetary Metals


Solar And Storage Could Reshape Rural Electricity Markets

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Rural electric cooperatives may face disruption from cheaper on-site renewables...


US stocks finished higher after President Trump commented that the war could be over soon - Newsquawk Asia-Pac Market Open

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Oil saw historic swings on Iran conflict, producers cutting output, G7 discussions on a joint SPR release and Trump's comments that the war could be over soon.

Everybody Wrong

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“Oil can’t go negative.” It did. “Russia will always be a reliable gas supplier to Europe.” It wasn’t. “Hormuz is too important to ever stop.” Until it did. (MS)


Investigation Suggests US Navy Likely Behind Attack That Killed 150 Schoolgirls In Iran

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"Are we the baddies?"


Identity Politics Trumps Public Safety On The Chicago Transit Authority

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Chicago’s transit chaos shows the cost of a grievance-driven politics: when enforcement is always racist, everyone else just gets less safe...


Watch: Antifa Activist Accidentally Sets Himself On Fire While Burning American Flag

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DOWN WITH AMERIC-AAAAAAAHHHH


Travelers To Face 3-Hour Delays In Airports: TSA

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This has resulted in “missed flights and massive delays during peak travel"...


Goldman's Global Affairs Chief Warns Of Middle East Spillover Threats

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"What I am looking for next is that they have meaningful cells in the Tri-Border Area of Latin America, West Africa, and elsewhere." 


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REAR VIEW: Trump said war with Iran could be over soon; G7 to discuss SPR release tomorrow; Trump doesn't rule out seizing Iranian oil; Trump told China fentanyl tariffs will be reimposed under a different law; Trump to review options to combat oil spike; NY Fed inflation expectations little changed; Macron is setting up ship-escort mission to reopen Strait of Hormuz; Mixed reports around Saudi oil production cuts.

A Cycle-Low For Public Rectitude: Anything Goes To Maintain Democrats' Matrix Of Moneygrubbing

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...passing the SAVE Act is as consequential as ridding the Middle East of its chief chaos agent...


Hammer In Stocks, Shooting Star In Oil

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Never underestimate the power of the hammer.

Satellite Data Shows Iran Moving Crude Through Hormuz Chokepoint, Putting Kharg Island In Focus

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"More like nothing on AIS." 


Even Dems Are Questioning Rep. Swalwell's Eligibility To Run For Governor

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Swalwell “appears to live in California on paper only”...


JPMorgan Desk Turns Tactically Bearish, Sees S&P Dropping To 6,270

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"We are now Tactically Bearish... there has been a lack of extreme de-risking with positioning currently neutral... A definitive off-ramp to the conflict will end this tactical call"


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Software Is Extremely Cheap — Another Squeeze Coming?

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Software is trading ~2 standard deviations below its 5-year valuation. That rarely lasts.

Iran Hails Deadly Cluster Bomb Attack On Central Israel: 'First Wave Under New Ayatollah'

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One Israeli killed, others seriously wounded...


The Real Threat Is Artificial Credit, Not Artificial Intelligence

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Technological revolutions often coincide with speculative manias...


Democrats Sue Trump Over Tariff Workaround

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"The President is trying to exploit a little-known statute as a means for his tariffs and is again proceeding unlawfully..."