We're frogs in water that's getting measurably hotter, and it's getting harder to muster the means to jump out of the simmering pot...

US CPI softer-than-expected; US blockade solely on Iran set to resume; Trump to replace 20% fee with trade and investment deals that the various Gulf States will make into the US; US-Iran strikes continue; Fed Chair Warsh testifies to House, maintains commitments on dual mandate & return to 2% inflation; Tankers near Oman hit by projectiles; China's imports & exports beat in June; Strong US bank earnings, but see mixed market responses; IBM prelim Q2 metrics disappoint.

Execution, not geology, remains the key constraint...

"The company has sufficient liquidity to carry its operations well into next year..." 

"This redirection of budgets towards AI has been a topic that Karl Keirstead/team have been articulating as a potential risk for some time..." 

Chinese memory giant CXMT, which Apple is hoping to use as an alternative DRAM supplier to the Big 3 cartel (Samsung, SK Hynix and Micron), unveiled the terms of its highly anticipated IPO...

Governments allow banks to commit this fraud that would be illegal in any other industry.

Meanwhile, he's already revealed which 2028 presidential candidate he'd rather see....

It's hardly a new problem, and the trajectory points to much more carnage ahead.

He was defending the community from armed ferals...

Concentration in the US large cap indices keeps rising, leaving them more vulnerable to shocks...

Both the US and Iran now demand fealty for Hormuz crossings...

"Where is the good news?"

Analysts say Beijing is seeking to secure domestic helium supplies, while the restrictions could tighten global markets, especially in Europe.

Those are some of the headline findings from a new study by Hendrik Bessembinder of Arizona State University's W.P. Carey School of Business, who examined the performance of nearly 30,000 U.S. stocks over the last century.

Three metro areas - San Francisco, Silicon Valley, and New York - accounted for nearly two-thirds of AI companies’ total office demand as of May...

"We downgrade AAPL to Underweight ($250PT; 19x '27 EV/EBITDA, 27.5x PE)." 

Researchers evaluated unemployment rates, hiring activity, competition for available positions, household income, and local living costs to create an overall risk ranking.