Tape Bombs, Ceasefire Hopes, Mega Cap Weakness, & Emerging Private Credit Stress

The first half of the day was fairly quiet, then a cornucopia of tape bombs hit, culminating after the close with Israel’s Channel 12 TV reporting that a ceasefire period of one month will be announced shortly. This afternoon, President Trump said: “The leaders are all gone, nobody knows who to talk to, but we’re […]Read More »

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Sell-Off: Energy War Escalates, Inflation Hotter, Fed Hawkish Repricing

Tuesday’s dull, low conviction tone flipped on a dime today. Israel struck upstream Iranian energy assets ( Iran’s South Pars gas field; the largest in the world) for the first time. Iran vowed retaliation against numerous Gulf energy sites, previously thought to be “safe,” or “off limits, following the Israeli strike on the gas field. […]Read More »

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Daily Wrap - Falling Three Methods?

Hi. The market is getting interesting so I thought I’d send you tonight’s Subscriber post. Enjoy. I hope there’s something in here that helps you. I’m not even touching the cornucopia of China/U.S. trade tussle headlines today—or the Fed speakers, for that matter. Sure, they swayed markets and flows, but we can’t predict what Bessent, […]Read More »

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It Begins

I am going to try to speak as plainly as possible. I know there’s some excitement with today’s move and I know there’s some anxiety, I feel it myself especially when it comes to trade tariff related issues. Remember that the ABI signals were telling us that the market was in a fragile place in […]Read More »

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