The real opportunity in gold

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Gold's record-breaking rally has given way to a tug-of-war between shifting Fed expectations, cooling geopolitical tensions, and changing investor sentiment. Day-to-day swings continue as markets attempt to price an increasingly uncertain macro backdrop.

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Now Comes The Hard Part

The market recovered. Leadership didn't. That's the bigger problem.
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Everybody Knows

“I underestimated how emotionally committed much of the press is to rallying around Anthony Fauci. His reputation is more important to them than anything. . .”

Stocks rally and oil falls as Trump cancels planned strikes - Newsquawk US Market Wrap

Trump cancels strikes against Iran, subject to making a rapid deal; Trump says talking about having the Strait open by tomorrow; Iran rejects it's in direct talks with the US; US ISM Mfg PMI beat; Iran says no plans to receive a US delegation or send an Iranian delegation in the coming days; Iran says negotiations with Oman are progressing; Fed's Williams says he still believes Fed policy is well-positioned; Atlanta Fed Q3 GDP tracker upgraded.

The AI Bubble's Biggest Casualty

Wanna see real pain? KOSDAQ, South Korea's small-cap technology index, has collapsed, making the KOSPI selloff look almost tame by comparison.