Credit spreads spike while S&P barely moves, history says bear markets follow. Investors have rotated into cash at the fastest rate since the COVID-19 pandemic. “Buy the first pullback after a new high, sell the first rally after a new low.”

The bond market is getting twitchy. Over the past 20 years, when credit spreads blew out but the S&P 500 wasn't even beyond a pullback yet, it was 3-for-3 in bear markets. h/t @sentimentrader pic.twitter.com/xiba9GU3z2 — Jason Goepfert (@jasongoepfert) March …

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Oil panic spreads: China has just told their largest oil refiners to SUSPEND exports of diesel and gasoline. Oil in China just hit $100 a barrel. Japan and South Korea scramble over gasoline surge too.

If Asia’s biggest energy importers are already scrambling, the global fuel shock may only be getting started. BREAKING: China has just told their largest oil refiners to SUSPEND exports of diesel and gasoline. This is NOT good. — Brian Krassenstein …

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Iran says it will not surrender as the war spreads across multiple fronts, Saudi Arabia is drawn deeper in, Starmer faces a base attack, and Russia warns Trump has untied its hands.

Defiant Khamenei loyalist blasts Trump’s ‘delusional fantasies’ as he warns US: ‘We will not negotiate’ A veteran powerbroker loyal to Iran’s slain Supreme Leader has ripped Trump’s ‘delusional fantasies’ and warned the US that he is not willing to negotiate. …

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Cartels attack Puerto Vallarta, forcing a city lockdown, fires rage across the area, a drug kingpin is killed by the army, and chaos spreads to Guadalajara.

Mexican Resort Towns Burn As Special Forces Kill Jalisco New Generation Cartel Boss "El Mencho" https://t.co/kQcnsbDn37 — zerohedge (@zerohedge) February 22, 2026 Mexico’s Ministry of Defense announced on X that a military operation targeting the Jalisco New Generation Cartel (CJNG) …

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Borderline Civil War Spreads across US

by David Haggith Democrats fan the flames and throw gasoline. Republicans bring the torches and tanks to turn up the heat. In the part of my last editorial that was for paying subscribers only, I included some comments on the civil conflict that …

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Richmond Fed Manufacturing Index 6-month outlook for new orders -26. Economic output hits 16-month low in April. Goldman Sachs says to brace for a bigger stock drawdown, wider credit spreads and recession

🇺🇸 Richmond Fed Manufacturing Index 6-month outlook for new orders -26. An all-time record low! Chart: @zerohedge pic.twitter.com/wmKOQNUzGZ — Alex Joosten (@joosteninvestor) April 23, 2025 Goldman Sachs, $GS, says to brace for a bigger stock drawdown, wider credit spreads and …

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