"...the market isn’t dumb... nothing is worse for consumer cyclicals than inflation..."

Sky-high valuations, rampant speculation, and "paper wealth" vastly outpacing actual cash flows...

In addition to shorting, Jefferies traders are preparing to help any investors that are allocated shares flip them in the days after SpaceX’s debut...

"Your antipathy to the future of the show has come through loud and clear... "

The direction of Warsh’s mission is clear, but he may get there later than the administration might like...

The bond market is waking up. Equities are still asleep.

The question is not whether we will see quantum computers widely used, but when...

Could in turn invite even bigger Russian airstrikes on capital...

Rising money growth’s positive impact on risk assets will be heavily blunted by accelerating inflation...

The Strategic Petroleum Reserve saw another huge drawdown this week...

Recent military escalations between the US and Iran, the refusal of Israel and Hezbollah to cooperate, and reports of Pezeshkian’s resignation mean that a deal seems to lie more on the horizon of next month, next quarter, or maybe even next year...

PMI data signal overall economic growth running at a modest annualized pace of just above 1% so far in the second quarter...

"It's good if they're confused, and the Iranians are confused," Trump also stated.

ATHs everywhere, Mag7 nowhere: cash flow disappoints, capex explodes, and valuations at 10-year lows.

“The disease is spreading across private markets asset classes. There is presumably a case to trim earnings expectations on contracting AUMs.”

...aiming to raise a record $75 billion by selling about 555.6 million shares at an estimated $1.75 trillion valuation.

“The Digwa family aren’t sorry. They just wish they hadn’t been caught...”

“I don’t think this is the top, there’s still room to run. The fuel is just quietly shifting from earnings to excitement; that’s fine on the way up, it only matters when the music stops.”