Supreme Court weakens landmark 1965 Act — decision allows states more leeway in redrawing districts before 2026 midterms

Conservative majority sides with GOP in major blow to minority representation… Decision allows states more leeway in redrawing districts before 2026 midterms… Justice Roberts: “The world has changed” as court shifts power back to state houses… Democrats warn of “systemic erasure” as House control hangs in the balance… Supreme Court voids majority Black congressional district …

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Historically, it’s a good time to buy gold when the 2-year yield trends downward, the US dollar weakens, and economic activity is deteriorating.

The correlation is not perfect every time, but it is well-supported by data and market behavior over multiple cycles. One more final push and bonds switch to bullish. Here's the 10Y. Right on the edge of resistance.$TLT pic.twitter.com/ZJly6dvUAe — Fibonacci Investing⚡️ (@FibonacciInves1) June 24, 2025 You are here. Right before a HUGE Fed rate cut …

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ISM Services Weakens, Respondents Show Tariff Concerns

by Mike Shedlock ISM services slipped in January as manufacturing rebounded. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the January 2025 Services ISM® Report On Business® emphasis mine. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: …

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Japan will be forced to hike again. Hedge funds cautious after #BOJ steamroll; slower $JPY weakening weakens jawboning impact. Japan’s economy defies every rule in the book

Japan will be forced to hike again. pic.twitter.com/OZoNx4M9IK — Don Johnson (@DonMiami3) December 26, 2024 Translation : Urgent need for rate hikes. https://t.co/jAWawyZ51o — The Great Martis (@great_martis) December 27, 2024 📊💴 Tokyo inflation accelerates, fueling rate hike expectations Tickers of interest: $JPY $NKY Full Story → https://t.co/kAUGf8Jhz6 pic.twitter.com/4nSjl8TVHp — PiQ (@PiQSuite) December 26, 2024 …

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California’s job market weakens; Nevada faces early labor market recession signs.

California’s job market worsens: employment drops, unemployment rises, labor force shrinks. https://t.co/ANUo7WJBMK — WarnTracker 2.0 (@j77324) December 20, 2024 Nevada’s labor market shows recession signs: employment declines monthly since June. It 100% is. The entire situation is just getting worse, and frankly, nothing is being done besides tax abatements that aren't doing much. They should …

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Oil prices tumble as Iran fears ease, yen weakens after Japan polls

Oil prices tumbled Monday with markets relieved that Israel’s strikes on Iran had avoided the country’s energy infrastructure while the yen fell to a three-month low after Japan’s ruling party suffered an election drubbing. Israel carried out air strikes on military sites in Iran on Saturday in response to Tehran’s October 1 missile barrage, itself …

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30-year mortgage rate rises to 6.88%, a 2-month high; Dow Jones momentum weakens with consecutive lower highs.

Fed flip flopping policy comes with consequence. https://t.co/0LzCCvKTbR — The Great Martis (@great_martis) October 8, 2024 Dow Jones Update✍️ Momentum falling off a cliff.Relative strength lower highs. The churn up against resistance is a Warning signal.⚠️ pic.twitter.com/97dKcEBD3B — The Great Martis (@great_martis) October 8, 2024 US30yr Probable path. pic.twitter.com/NBIfFtd8Hu — The Great Martis (@great_martis) October …

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Overnight, BOJ’s no rate hike stance fuels RISK ON rally; market instability persists…Mohamed A. El-Erian: Yen weakens 2% due to BoJ’s dovish stance, conflicting with economic needs.

Overnight, the BOJ fueled a global RISK ON rally with their announcement that there will be no further rate hikes while markets are "unstable":https://t.co/nX1iahwa8M For pundits such as Zerohedge who are still asserting that a mere .25% rate hike imploded the global Ponzi… pic.twitter.com/38TOmfe5gR — Mac10 (@SuburbanDrone) August 7, 2024 Back to above 147 per …

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US bankruptcies surge: 275 companies bankrupt in 2024, consumer spending weakens, Red Lobster files.

US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 alone, 62 firms have gone bankrupt, the… pic.twitter.com/ymNU6fYEcr — The Kobeissi Letter (@KobeissiLetter) June 22, …

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Yuan Weakens After ‘Unbalanced’ Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint

Simply put, China’s economic recovery has been unbalanced. As Bloomberg reports, manufacturing is holding up, thanks to resilient overseas demand and Beijing’s efforts to cushion the blow from US trade restrictions by developing advanced technologies at home. But Chinese consumers have been slow to recover their appetite for spending, amid a prolonged real estate downturn …

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French Legislation Weakens Clean Energy Commitments and Favors Nuclear

via Mike Shedlock: Cheers to France if pending legislation passes as currently written. It effectively scraps most hard commitments and turns more towards nuclear power. Preliminary Bill relating to Energy Sovereignty Please consider a Google translation of a Preliminary Bill relating to Energy Sovereignty Four Key Things The wording of this preliminary bill relating to energy …

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Bank of Japan holds ultra-easy policy, uncertainty on exit, yen weakens against the U.S. dollar.

Bank of Japan’s Ueda indicates uncertainty on exit policy, maintains current approach, expresses doubt on 2% inflation target. Monetary policy leans towards easier measures, impacting Japanese Yen. #BankofJapan's #Ueda:'can't say what an exit policy will entail.''patiently continue' with current policy.'we're not at the stage where we can see with certainty the 2% inflation target will …

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Economic Alarm Bells Ring: Labor Market Weakens, Tightened Lending, and Ongoing Inflation Raise Urgent Concerns

The current economic landscape is giving rise to growing concerns, with labor market deterioration, tightened lending standards by banks, and persistent inflation creating a potential stagflationary environment that could impact consumers’ purchasing power and lead to an economic slowdown. This situation, where interest rates rise while prices surge, is beginning to resemble past scenarios that …

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Service Sector Growth Weakens in July, Sticky Inflation Persists

via mishtalk: The US Manufacturing PMI improved a bit but remains in contraction as service sector growth weakens. S&P reports US expansion loses momentum as service sector growth slows in July. S&P US Composite PMI™ Key Points Flash US PMI Composite Output Index at 52.0 (June: 53.2). 5-month low. Flash US Services Business Activity Index at …

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China’s re-opening weakens, causing a sharp pullback in equities.

“China’s weaker than anticipated re-opening has caused a sharp pullback in Chinese equities Chinese stock valuations, relative to that of the US, are now at historically low levels” China's weaker than anticipated re-opening has caused a sharp pullback in Chinese equities Chinese stock valuations, relative to that of the US, are now at historically low …

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