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Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week… Source: Bloomberg …and worse still, ‘growth’ surprises disappointed significantly while ‘inflation’ surprises surprised to the upside significantly… Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows… Source: Bloomberg …pushing yields…

Trump Responds To Main ‘Hush Money’ Trial Witness’s Claims Authored by Jack Phillips via The Epoch Times, Former President Donald Trump praised the first witness in his New York City “hush money” trial, former National Enquirer publisher David Pecker, as he is scheduled to deliver more testimony in the case on Friday. “He’s been very…

Blinken Threatens China Over Russia Ties, Warns Xi Against “Downward Spiral” In Relations With US On Friday Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing, which brought to a close the US top diplomat’s three day visit to China.  Blinken warned the Chinese leader of another potential “downward spiral” in relations and the two sides…

Fauci To Testify In Public Hearing On COVID-19 Response, Origins Authored by Stephen Katte via The Epoch Times, Dr. Anthony Fauci is locked in to testify before the Select Subcommittee on the Coronavirus Pandemic on June 3, his first public hearing since retiring as the president’s chief medical advisor in 2022. Subcommittee Chair Brad Wenstrup…

US-Led Gaza Pier Project Comes Under Mortar Fire As UN Officials Tour Site The US military’s ambitious project to erect a large pier off Gaza’s coast (all within a war zone) to allow maritime shipments of humanitarian aid to Palestinians is off to a rocky start, after new reports that the construction site has come…

Lawmaker Suggests Iran Is Ready For Nuclear Weapon Testing Via Middle East Eye Iranian military commanders and high-ranking officials have warned they could change their approach in developing the country’s nuclear program after increasing tensions with Israel, implicitly announcing their readiness to take it into a military phase. Before the recent direct military confrontation with Israel, Iran had…

Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump Quiet macro day with Durable Goods Orders looking like a beat – but only because of sizable downward revisions – as orders and shipments are actually down on a YoY basis. Source: Bloomberg But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded…

“Situation Is Unraveling”: Pro-Palestinian Protests Erupt Across America’s Woke Colleges Colleges and universities across the country are struggling this week to keep pro-Palestinian protesters off school grounds. Students, and or perhaps a mix of professional protesters funded by radical leftist groups and dirty Gulf money, are storming campuses and setting up encampments. This is likely a coordinated effort nationwide…

Alvin Bragg Has His Trump Trial, All He Needs Now Is A Crime Authored by Jonathan Turley, Below is an expanded version of my column in the New York Post on the start of the Trump trial and much awaited explanation of District Attorney Alvin Bragg on the underlying alleged criminal conduct. The curious aspect of the…

Federal Judge Appears Ready To Reimpose Jan. 6 ‘Disinformation’ Monitoring Authored by Joseph M. Hanneman via The Epoch Times (emphasis ours), Despite being slapped down by the U.S. Court of Appeals for ordering a Jan. 6 probationer’s computer use be monitored for so-called “disinformation,” a senior federal judge in Washington D.C. appears ready to reimpose…

It’s All About Mag 7 Earnings: Without Them S&P Profit Growth Is Negative After what has been a boring start to the week, where the biggest event so far was yesterday’s start of corporate buyback frontrunning (as we first detailed and bottom ticked the market, which is now 100 points higher since our comment), investors…

New York Democrat Wishes Death On Trump Supporters Authored by Steve Watson via Modernity.news, A Democrat who is running for Congressional office has received fierce backlash for wishing death on supporters of Donald Trump. Nate McMurray, who is running to represent New York’s 26th congressional district, posted the demented comments on X shortly after the weekend…