Independent thinking for complex markets and current events
USA remains 64% of global equity market cap GS pic.twitter.com/rB5LmBjld1 — Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) October 20, 2025 SpaceX is essentially the US space program https://t.co/rpYnDnna4z pic.twitter.com/f6B0OOmYiP — Robin (@xdNiBoR) October 19, 2025
Fed Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office but only briefly addresses the central accusations that she committed mortgage fraud. Cook did call mortgage fraud accusations “unsubstantiated and unproven” without going into detail. In a statement to CNBC, Federal Housing Finance Agency Director Bill Pulte noted that …
I read about this yesterday. So companies are essentially eating these tariffs because they can’t pass the cost onto the consumer anymore. They are tapped out. Can’t wait to see earnings next quarter 💀 https://t.co/Vi0ML0ILAZ — QE Infinity (@StealthQE4) May 16, 2025 Downward earnings revisions suggest that the #Fed should be cutting #rates.h/t @thedailyshot pic.twitter.com/oNAcrnnpov …
Let’s just call this what it is. Capitulation day. We went through 6 weeks of financial chaos essentially for nothing. It will also set the tone for rest of the deals we must negotiate which means we will get little tweaks in trade agreements. What a waste of time pic.twitter.com/m3urPjqB4p — QE Infinity (@StealthQE4) May …
DOGE essentially fired all of Biden’s new federal employee hires pic.twitter.com/3p2lGJYl8u — Don Johnson (@DonMiami3) April 27, 2025
Democrat State Sen. Bradford Blackmon this week introduced the “Contraception Begins at Erection Act,” which would prevent men from masturbating or engaging in sexual activity when there is no “intent to fertilize an embryo.” The legislation put forward this week proposes fines of $1,000 for a first offense, $5,000 for a second, and $10,000 for …
There will be no more federal aid for the victims of Hurricane Helene, Joe Biden has said. Standing on the tarmac as he prepared to board Air Force One, the President spoke to reporters and said the federal government has done everything it can to help. After giving a largely incoherent response when asked if …
Then let us also consider the effects on the Earth’s rotation. h/t seasnake
The U.S. Department of Energy is investing $60 million to demonstrate the efficacy and scalability of enhanced geothermal systems to help tap into the heat trapped underground, which can be used as clean, renewable energy. The agency selected three projects to receive the funds — Chevron New Energies, Fervo Energy, and Mazama Energy. Chevron’s pilot …
On Wednesday the US Navy attempted to escort two US owned and flagged container carriers through the Bab el-Mandeb Strait into the Red Sea, but they turned around after coming under Houthi ballistic missile fire. A we detailed earlier, two contradictory narratives soon emerged: namely the Houthis said they scored a direct hit on one of the US …
In a notable divergence, the S&P 7, encompassing major tech stocks, surges an impressive 80% in 2023, eclipsing the modest 4% gain in the S&P 493. You can't make this up: The S&P 7, also known as the 7 largest tech stocks in the S&P 500, is up a massive 80% in 2023. Meanwhile, the …