“Happiness in intelligent people is the rarest thing I know.”— Ernest Hemingway
The Addams family was right! ‘Scientists have developed a detachable robot hand that can crawl and grasp in multiple directions, raising the prospect of uses in industry and beyond that require both small size and motor skills.’ (FT)
Where are all the progressive protestors demonstrating against the Iranian regime crackdown against demonstrators? Where is the call to make Iran a pariah state?
Trump tamatigut qunutittarpoq (or TACO). Again. Markets react to the noise. Again. If that seems familiar, it is…
“Trump Wants Peace Board to Rewrite Global Order—but Major Powers Aren’t Sold”
(WSJ)‘President Trump touts his Board of Peace as an organization of accomplished leaders that will displace the United Nations
, with him as permanent chairman.’ (WSJ)
“Donald Trump sends US armada towards Iran ‘just in case’”
(FT)“In Trump v. Dimon, Years of Strain Culminate in $5 Billion Suit”
(Bbrg)“Is Trump Trying to Lose the Midterms?”
(WSJ)“‘I’m for it’: Johnson endorses impeachment for judges who rule against Trump”
(Politico)“Globalism Just Died in Its Own Cathedral”
(Perera)"Is the Market Underpricing the Risk of Fed Hikes?"
(FT)“How Trump Is Loosening the Rules for Big Banks”
(Bbrg)“Private-Credit Investors Are Cashing Out in Droves”
(WSJ)“The Uproar Over Affordability Is Coming for Insurers”
(WSJ)
HERE COMES RIEDERRRRRR
Financial conditions continue to ease and are approaching the pandemic era easiest (within 15pc)
Global financials continue to outperform the broad index; looking at multiple time frames, the direction is higher
More locally, KRE breaking out as well. Whilst the index looks overbought on a daily timeframe, the weekly shows momentum indicators firmly trending higher. Short-term might be choppy, but the longer-term direction is outperformance
Fear abating
Is the bloom off the momentum ‘rose’?
This will increasingly impact policy
Friday Chart-apalooza
Good read: “Play Easy Games” (Off The Charts)
BARTIROMO: You’ve taken a 10% stake in Intel. You’ve taken a stake in MP. You told the defense companies ‘don’t pay dividends, don’t do buybacks.’ So please explain to our audience, how is that free market capitalism?
TRUMP: Well, it’s very free market
