CTA De-Grossing Is Now Complete; Nomura Warns Pain Trades & Stupidity Rule The last few weeks have seen a dramatic rotation from an “inflation will overshoot forcing central banks to tighten financial conditions aggressively and imminently” narrative to a “fears of growth downsides/recession will bring […]

GOP Warns Thousands Of New IRS Agents Will Target Middle-Class Americans Authored by Jack Phillips via The Epoch Times (emphasis ours), Republicans say a Democrat-backed bill worth $740 billion includes funding to hire 87,000 new Internal Revenue Service (IRS) agents, which they say will target […]

US Housing Inventory Grows At Record Pace As Buyers Slow Down; Shiller Warns Of ‘Heightened Risks’ The number of houses sitting on the market grew at a blistering pace last month, with the number of active listings jumping 31% vs. the same period last year […]

Offshore Drilling Is Coming Back With A Bang Authored by Alex Kimani via OilPrice.com, It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming cycle […]

Mike Pompeo meeting with January 6 committee on Tuesday, source says  CNNRepublican candidate in Pennsylvania governor race, Doug Mastriano, to appear before Jan. 6 committe  CBS Philly1/6 panel to interview Pa. governor nominee Mastriano  The Associated Press – en EspañolDoug Mastriano, Trump ally and candidate for governor in […]

Biden signs bill boosting US chip manufacturing as he kicks off victory lap  CNNBiden signs China competition bill to boost U.S. chipmakers  CNBCBiden to sign bipartisan CHIPS and Science Act into law  Fox BusinessBiden signs semiconductor bill into law, though Trump raid overshadows event  NPRPresident signing CHIPS Act today: […]

“The FBI Is Corrupt”: Mark Levin Goes Nuclear Over Trump Raid, Slams ‘Silent’ GOP Leadership Fox News host Mark Levin went nuclear on Monday night in response to the FBI raid on Donald Trump’s Mar-a-Lago residence on Monday, reportedly in connection with documents that the […]

“If Someone Tells You They Predicted This, They’re Lying Through Their Teeth”… Except Everyone DID Predict This By Michael Every of Rabobank I am a genius lying through his teeth There is a Bloomberg story today that I absolutely have to start with: ‘One of […]

July Was “Far More Positive” Than Expected For Malls By Marianne Wilson of Chain Store Age.com Given all the challenges, July was a fairly good month for the nation’s shopping centers. Visits to malls (includes indoor malls, open-air lifestyle centers and outlet malls) were down […]

F.B.I. Searches Trump’s Mar-a-Lago Residence in Florida  The New York TimesWhat Are The FBI’s Next Steps After Searching Trump’s Mar-a-Lago Home  NBC NewsTrump says FBI raided his Florida Mar-a-Lago home  ReutersYet more disgrace for Trump as the FBI raid Mar-a-Lago. Of course, he’s milking it  The GuardianFBI’s Mar-a-Lago Raid […]