The Treasury had issued a broad license last month allowing major oil companies to restart operations in Venezuela....

There it is...

 

Europe: The Oil Sucker

Witt wrote on X that Dimon's view misrepresents the issue...

“Let’s just say the chairman was pretty disturbed...”

EM fear is exploding.

She said last week that DHS staffers had installed spyware on her phone and computer...

We can certaintly call a top in the number of Oracle employees this decade. 

“...our world is more dangerous and contested now than it has been in decades.” 

How many more hits can this market take? 

"I'm not talking about conspiracy theories."

"You basically shut them off economically. They cannot support China. They cannot..." 

 

 

The start of a deeper reckoning?

BlackRock TCP slashed the full value of loans it extended to Renovo Home Partners, a struggling home improvement company, from 100 to 0 in three months. 

Oil volatility is now pricing ~5% daily moves.

The 1973 Arab-Israeli War, also known as the Yom Kippur War, has several similarities to today’s conflict with Iran...

“If the bet is that airstrikes will finish the job from above while Iranians complete it from below, it’s a bet that rests on no clear historical model...”

Bitcoin ETFs saw modest inflows... but, flows to Treasury ETFs also indicate a lack of concern...