The Mag 7 — Magnificent no more.

...expansion is essential to clear away any restraints on a radical agenda that will include the trial of a host of conservatives

First climate, now AI... 

The subpoenas are part of a federal investigation into alleged conspiracy to obstruct or impede federal law enforcement in the state...

Silver: Two dojis in a row after a brutal bull run. Pay attention.

Macron spoke decked out in 2009 Louis Vuitton “Pilot Attitude” aviators with blue lenses... it could serve as a nod to the five hazardous attitudes of pilots, which can lead to their demise: anti-authority, impulsivity, invulnerability, macho, and resignation.

“We have been left with no alternative but to suspend work” on the trade deal, Lange added, “until the US decides to reengage on a path of cooperation rather than confrontation.”

The proposed sale of the 325.4 million shares by Berkshire represents about 28% of the packaged-food company.

“It’s a rigged state...”

NAR's Yun said it’s unclear whether the figure was a one-off or the start of a worsening trend...

"The US is going heavy into nuclear. I wasn't a fan of nuclear, but the safety progress they've made with nuclear is unbelievable. We are very much into the world of nuclear energy" - Donald Trump

The Treasury secretary said Washington is racing to reshore semiconductors and critical minerals to counteract China’s leverage over key supply chains...

 "If you're trying not to politicize the Fed, for the Fed chair to be sitting there, trying to put his thumb on the ⁠scale, is a real mistake."

The European Parliament is expected to ratify the Mercosur trade agreement today...

"Henry Hub on an absolute tear overnight! Front natural gas contracts hit a $4.95 high overnight, peaking..." 

"Over the past 24hrs the risk off sentiment has clearly exacerbated"

“Conciliatory remarks by Trump would surely improve the mood in markets but, in my view, wouldn’t trigger a strong rally unless yield curves come down.”

...markets should be far more open to upside inflation risks…elevated dispersion challenges the prevailing narrative of benign, linear disinflation…