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50bps rate cut bets escalate on Former NY Fed President remarks; NY Fed Mfg unexpectedly surges to highest level since April 2022; AAPL's 16 pro demand lower than expected; Disappointing China activity data; Dovis BoC Macklem comments to FT; Hamas Chief congratulates Houthi's on recent operations on Israel; Vista Equity and BX near a deal to buy SMAR.

The Post-Modern Presidency: A Chief Executive For America Or A Caretaker For The Administrative State?

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...over the next 70 days, it will become clear whether or not 'Blue' has replaced the reality of an election with the illusion of an election... and eviscerated the very concept of the consent of the governed.


Bitcoin & Big-Tech Battered, Bonds & Black Gold Bid As Rate-Cut Expectations Soar

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...70% odds of 50bps cut this week... NVDA & AAPL tumbled...


Early Voting, Mail-In Ballots, And Drop-Boxes: The Rules In Each Battleground State

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Many Americans yearn for a simple, one-day election. For now, though, national elections are sprawling, weeks-long “election seasons” that differ significantly from place to place...


Ukraine Military Seeks To Legitimize Kursk Presence By Inviting UN & Red Cross In

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Purpose is to "prove adherence to international humanitarian law"...


With Fact-Checks Like These, How Does Truth Stand A Chance?

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Three false claims in the debate continue to be repeated in what is now our post-truth political environment...


Goldman Trader Pitches 'High-Torque' Trade Ahead Of Imminent Rate-Cuts

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...higher rate sensitivity, improving fundamentals/sentiment, and still favorable positioning dynamics...


Sheriff Suggests "Ominous... Conspiracy" Behind Trump Assassination Attempt

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Is this guy part of a conspiracy? Is he a lone gunman? If he’s a lone gunman, President Trump is that much safer because we have him. But if he’s part of a conspiracy then this whole thing really takes on a very ominous tone...”


Teaching Joy: L.A. School District Opts For "Educational Enjoyment" Over Standardized Tests

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... if we truly care for these students, we cannot rig the system to just kick them down the road toward failure. It is like declaring patients healthy by just looking at them and sending them on their way...


Boeing Strike May Spark Chaos Across Supplier Network As "Significant Spending Reductions" Imminent 

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What could possibly go wrong? 


An Unprecedented Monetary Destruction Is Coming

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There is no escape from debt. Paying for the government’s fictitious promises in paper money will result in a constantly depreciating currency, thereby impoverishing those who earn a wage or have savings...


"We're Not Up Against A Candidate... We're Up Against A Machine" - Vivek 'Drops Mic' In 3-Minute Breakdown Of 2024 Election

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"It is about the managerial class, the bureaucratic class and the everyday citizen. That's the real divide in this country..."


"You Be Quiet When I Speak" - Angry Biden Blasts Foreign Reporter

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"You gotta be quiet..."


3 Charts on the Unstoppable AI Derivative

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King XLU...

Traders Are Most Bearish Oil On Record As Bears Conclude OPEC+ Has Run Out Of Options

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Never in history have investors been more bearish on oil than they are today.


"Significant" Dollar Downside Risks Continue To Build

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The real yield curve continues to invert, deterring inflows to the US and keeping the dollar in a downtrend...


Israeli Army Reveals Its Own Airstrike Likely Killed 3 Gaza Captives

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Huge anti-Netanyahu protests in Tel Aviv expected to grow on the news...


Double Trouble

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Just when you thought that the US election couldn’t get any more nuts, we’re onto Trump assassination attempt #2.


"Attention Seeking" EU Commissioner Thierry Breton Resigns After Musk-Trump Censorship Dust-Up

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"You asked France to withdraw my name - for personal reasons that in no instance you have discussed directly with me."


Oil's Explosive Rebound

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Massive jump in shorts just in time for the latest oil squeeze...