The Roots Of American Populism: Are Trump And Vance Populists?
The Roots Of American Populism: Are Trump And Vance Populists? Authored by Charles Hugh Smith via OfTwoMinds blog, Let us hope that whomever ascends to the leadership is a populist in the full sense of the word, channeling Emerson and his fellow critics of what we now call neoliberalism. What does it mean to say […]
Microsoft Cuts DEI Team: “No Longer Business Critical”
Microsoft Cuts DEI Team: “No Longer Business Critical” We’ve been stating for several months that the “diversity, equity, and inclusion” and “environmental, social, and governance” gravy trains on Wall Street have peaked and are coming to an abrupt end. Who would have thought the profit motive would be incompatible with mindless, unproductive virtue signaling and reverse racism? The unraveling of […]
Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell
Former President Donald Trump has cautioned Federal Reserve Chair Jay Powell against cutting interest rates before the November 2024 presidential election, despite acknowledging the possibility of such a move. In an interview with Bloomberg News, Trump stated he would allow Powell to complete his term if re-elected, provided Powell was “doing the right thing.” This […]
Biden Seeks Supreme Court Term Limits, Medical Debt Cancellation, Rent Controls
Biden Seeks Supreme Court Term Limits, Medical Debt Cancellation, Rent Controls Authored by Mike Shedlock via MishTalk.com, Whoever is behind Biden’s campaign has gone completely mad. Is the goal to make Vance and Trump look like centrists? Term Limits for the Supreme Court?! The Wall Street Journal reports Biden Planning to Back Major Changes to the […]
Secret Service Explanations For Security Failures Not Adding Up; DHS Inspector General Launches Investigation
Secret Service Explanations For Security Failures Not Adding Up; DHS Inspector General Launches Investigation In the wake of Saturday’s attempted assassination of Donald Trump, the #1 question is how the Secret Service could have failed to secure a rooftop a little over 400ft away – which former Army sniper Rep. Cory Mills called a “sniper’s […]
Signs of Market Rotation: Small Caps Soar as Tech Leaders Lose Ground
The stock market is showing signs of a shift away from the dominance of big technology stocks, particularly the “Magnificent 7.” On Tuesday, while the S&P 500 and Nasdaq Composite made gains, the Russell 2000, which represents smaller-cap stocks, significantly outperformed with a 3.5% increase. Notably, four of the seven major tech stocks, including Alphabet, […]
Is The Surge In Small Caps Only Just Starting
Is The Surge In Small Caps Only Just Starting By Peter Tchir of Academy Securities Three quick things to think about today. Chips Markets are reacting to concerns that the U.S. may adopt harsher restrictions on Chinese trade and the semiconductor industry. We have been arguing that semiconductors are firmly entrenched in the national security […]
It’s Impossible To Model The Dynamics Of Trumponomics
It’s Impossible To Model The Dynamics Of Trumponomics By Michael Every of Rabobank Yesterday saw a huge beat in US retail sales with upwards revisions to back data, albeit eagle-eyed observers noting the non-seasonally adjusted data said the opposite. Regardless, they weren’t what everyone focused on. Neither was the IMF, who in ‘The World Economy […]
WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb
WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb Oil prices are surging this morning, playing catch up to gold and crypto, with all eyes on the official inventory and supply data for what happens next DOE Crude -4.87mm (-275k exp) Cushing -875k Gasoline +3.328mm Distillates +3.454mm US crude stocks fell for the […]
Dramatic Footage Shows Oil Tanker Hit By Kamikaze Boat Drone In Red Sea
Dramatic Footage Shows Oil Tanker Hit By Kamikaze Boat Drone In Red Sea Dramatic footage has surfaced on X showing what appears to be an unmanned suicide surface drone smashing into the side of a crude tanker on Monday about 100 nautical miles northwest of Yemen’s port city of Hodeidah. Reuters reports the Liberia-flagged oil tanker Chios […]