Independent thinking for complex markets and current events
Treasury Secretary Scott Bessent is blaming “judicial overreach” for the carrier’s collapse today, saying the blocked JetBlue merger was a suicide pact… United and Delta shares are drifting higher as they prepare to feast on Spirit’s carcass, but the broader sector is terrified of the fuel bill… Budget travelers are finding $400 round-trips for routes …
by Michael It appears that an apocalyptic war is about to begin in the Middle East, and yet most people living in the western world don’t seem alarmed by this at all. But they should be, because once the missiles start flying the death and destruction that we will witness will deeply shock the entire …
CEO confidence has slipped below the danger line, signaling what many already feel: Higher prices, slower growth, and fading optimism. With inflation rising and growth stalling, even corporate America sees the specter of 1970s-style stagflation returning… By Peter Reagan Heading into fall weather means lower temperatures in many parts of the U.S. Unfortunately, those lower …
An 8.8 magnitude earthquake struck off Russia’s Kamchatka Peninsula on July 30 2025. The Pacific Tsunami Warning Center quickly issued widespread alerts across Hawaii, the U.S. West Coast and Pacific nations then downgraded Hawaii to an advisory once initial waves peaked around 1.7 m. Kamchatka Governor Vladimir Solodov remarked “Today’s earthquake was serious and the strongest …
The market feels like a house of cards in a windstorm—teetering, trying to convince itself it’s stable, but deep down, everyone knows the truth. Sure, the S&P 500 has posted two straight days of 90% advancing stocks, but on what? Ghost-town volume. This isn’t conviction. This is a market that’s climbing because it doesn’t know …
The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 million due to investigations from the Consumer Financial Protection …