The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range […]

“Stocks Should Go Up, Not Down”: Trump Rages At Market Reaction To ‘Great’ Jobs Report Global capital markets are a mess following this morning’s hotter than expected rise in US employment. Nasdaq is down 2%… Yields are spiking dramatically… The dollar is rampaging higher… And Gold (and bitcoin) are getting clubbed like a baby seal… All of which prompted President Trump to exclaim that “stocks should go up, not […]

Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO SpaceX’s institutional roadshow kicked off Thursday, with JPMorgan CEO Jamie Dimon hosting a “live interactive discussion” for ultra-wealthy clients across 90 JPM locations in 26 states. Shortly after, SpaceX’s IPO slide deck was made public, likely in a bid to supercharge retail demand for what could be the largest public listing in history. However, one key investor […]

Rubio: ‘Most Of The World Assesses’ That Israel Has Nuclear Weapons Authored by Dave DeCamp via AntiWar.com, US Secretary of State Marco Rubio on Wednesday was asked whether Israel has nuclear weapons and acknowledged that “most of the world assesses that they do,” but also reaffirmed the US policy of not acknowledging the existence of Israel’s nuclear stockpile and secret weapons program. Rubio made the comments when being […]

US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3% With Wall Street expecting a strong – not great – number, and a modest decline from April’s 115K, moments ago the BLS reported a shocker: in May the US added 172K jobs… … not only a 4-sigma beat to the median estimate of 88K, but also above the highest estimate of 125K. In a noteable change from previous months’ downware […]

Peace Talks Stall: U.S. Denies Iranian Claims Of Warning Shots At Destroyers Summary: U.S. CENTCOM Denies Report  Iran Military Fires “Warning Missiles” At US Destroyers In Gulf of Oman Iran FM Warns American Bases Are Legitimate Targets, Cites ‘No Tangible Progress’ In Talks Polymarket  US x Iran permanent peace deal by June 30, 2026? Yes 25% · No 76%View full market & trade on Polymarket Strait of Hormuz traffic […]

Iran Oil Exports Plunge To Four Year Low As Blockade Tightens, While Inflation Soars To World War 2 Levels If it was indeed Trump’s intention to starve Iran’s economy of oil export revenue, the plan may just be working: Iran’s oil exports fell to their lowest level in at least six years in May as the US naval blockade has succeeded in choking off crude shipments and leave tens of millions of barrels stranded at sea. According to […]

ZEC Crashes As Zcash Admits ‘Critical Counterfeiting Vulnerability’ Exposed By Claude Authored by Martin Young via CoinTelegraph.com, The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically allow a bad actor to mint an unlimited amount of ZEC. According to a post on X, security engineer Taylor Hornby, who was engaged by […]

Demented NY Dems Erase “Mother” From State Law, Replace Her With “Gestating Parent” Authored by Steve Watson via Modernity, Latest nonsense targets family courts, custody, and parental rights Outrage is exploding after New York Democrats rammed through legislation that strips the words “mother” and “father” from key sections of state law and replaces them with cold, clinical inventions: “gestating parent” and “non-gestating […]

Globalist CEOs Sound Alarm Over Swiss Population Cap Vote Summary:  Increasing Number of Globalist CEOs Concerned About Swiss Population Vote Nestle CEO Warns Against Swiss Population Cap Vote UBS CEO Warns Swiss Population Cap Is An ‘Extreme’ Measure Switzerland’s “Ten Million” Vote Nears  Nestle CEO Warns Against Swiss Population Cap Globalist CEOs who ignored more than a decade of Europe’s mass migration […]

Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge Futures are lower amid fresh underperformance of tech. If the premarket weakness persists, the S&P 500 is set to break a historic weekly run of gains as the AI trade takes another leg lower this time driven by the cartoonish Kospi index, with investors also expecting payrolls data to affirm that interest rates will stay higher for longer (full payrolls preview here). […]

Lululemon Bear Market Deepens After Guidance Cut Spooks Wall Street Lululemon tumbled in New York premarket trading as its multi-year bear market deepened, with shares on track to revisit levels last seen since 2018 after a guidance cut.  The struggling athleticwear company now expects full-year revenue of $11 billion to $11.15 billion, below the Bloomberg Consensus estimate of $11.49 billion, while its second-quarter sales and […]

Britain’s Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could […]

Trump Softens Red Line: ‘No Reason’ To Retrieve Iran’s Nuclear ‘Dust’ As It’s Effectively ‘Entombed’ Summary Trump remarks suggest the fate of Iran’s stockpile of enriched uranium is no longer be the central issue it once was. Hezbollah chief rejects outcome of Lebanon-Israel talks, insisting that a truce must encompass whole country. WSJ reports that the White House intends to maintain a ceasefire with Iran unless American […]

Alarming Supply-Chain Stress Sends Transport Cost Soaring, Fueling Inflation Fears Nearly three weeks ago, UBS analyst Pierre Lafourcade reactivated his desk’s supply-chain watch coverage after stress across global supply chains was “rising at its fastest pace since the early pandemic.” That warning is now increasingly getting louder by the week, with ongoing disruptions around the Hormuz chokepoint and the resulting energy supply […]

Inquest To Examine If Police Hand-Cuffing Contributed To Henry Nowak’s Death Authored by Steve Watson via Modernity, The system that failed Henry Nowak will come under refreshed scrutiny as some medical experts have suggested police actions could have contributed to his tragic death. An inquest will probe whether Hampshire police officers caused or contributed to the 18-year-old student’s death when they yanked his arms behind […]

Israelis Complain US Military Has Turned Ben Gurion Airport Into ‘Its Own Base’ In a deep irony, Israelis are increasingly complaining the United States military has effectively taken over Israel’s international travel hub. Media reports this week are going so far as to call Tel Aviv’s Ben Gurion Airport a “US military base” – as the prominent local newspaper Haaretz does: The US refueling aircraft and other military assets, […]

The French Never Wanted Mass Immigration Via Remix News, French leaders know how to manipulate their voters, but the voters are also apparently easily manipulated. Every leader from French President Emmanuel Macron to François Mitterrand in the 1980s has decried immigration numbers and promised a crackdown, all while allowing immigration numbers to continuously climb year after year. Here are just some relevant quotes: […]

Support For Germany’s AfD ‘Firewall’ Plummets As Voters Call To Bring Party In From The Cold Via Remix News, Germany’s long-running “firewall” that sees the country’s legacy parties exclude cooperation with the right-wing Alternative for Germany (AfD) is moving further out of step with a large section of the electorate, with new polling showing voters now evenly divided over the governing CDU’s refusal to work with the nationalist […]

S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company’s inclusion into the S&P500 some 6 months after the offering would unlock $13.4 billion worth of inflows. It turns out that that is not going to happen 6 months after the IPO. In fact, the earliest it may happen is 12 months […]

The Modern “Red Calendar” And The Death Of Pride Month Authored by Brandon Smith via Alt-Market.us In the aftermath of the Bolshevik Revolution and the takeover of Russia in 1917 (largely funded by international elites), the new communist regime sought to implement what I would call “propaganda saturation” – An avalanche of policies designed to secure the red army’s political power by manufacturing false consensus. It […]

Beijing Bans Four New Zealand MPs For “Crossing Red Line” With Taiwan Visit In a first, China has banned four New Zealand Members of Parliament for a year over their visit to Taiwan, New Zealand’s foreign ministry says. The MPs learned of the ban – which the Chinese Embassy said could be reduced or waived with an apology – when they returned from the trip in May, local media reported on Thursday. On Thursday, Chinese foreign […]

Satellite Images Expose China’s Massive New 120-Meter Sail-Free Mystery Submarine Authored by Aamir Khollam via Interesting Engineering, China has quietly launched another advanced submarine, signaling the rapid expansion of a naval force that already outpaces Western production rates. ROKS Dosan Ahn Changho class submarine and satellite imagery of China’s sailless submarine. Wikimedia Commons and @Mack8miltech on X Fresh […]

Trump Decries Communism, Says Its ‘Breathtaking Popularity’ Turns To ‘Death, Destruction, Squalor’ Authored by Joseph Lord via The Epoch Times, Speaking to reporters in the Oval Office on June 3, President Donald Trump decried communism, saying that the ideology leads to “death, destruction, and squalor.” Speaking to reporters in the Oval Office on June 3, President Donald Trump decried communism, saying that the ideology […]

Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post. He faces federal charges related to alleged violations of U.S. sanctions against Iran. Investigators claim Ghomi orchestrated a long-running […]