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FOMC Minutes continues to highlight likelihood of September rate cut; BLS payrolls revised lower by 818k; Average 20yr Bond Auction; EIA Crude draw bigger than expected; Gaza truce talks reach an impasse; AAPL app store head to step down; Stellar TGT earnings report.

Return To Sender: Panama Starts Flying Migrants Home... At US Taxpayer Expense

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29 criminal Colombians sent home as Panama tries to squeeze the Darien Gap...


Exposing The Leftist Projectionistas: VDH

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Harris’s hypocrisy is stunning and shameless...


Dovish Fed & Dismal Job-Revisions Send Bonds, Big-Tech, Bitcoin, & Bullion Higher

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...'bad' BLS data and a Fed that was willing to cut in July... are 'growth scares' coming back?


44 DNC Delegates Snub Harris With 'Present' Vote

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It was of course symbolic...


Judge: Virginia School District Must Allow Transgender Student On Girls' Tennis Team

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"...Janie Doe faces a litany of harms ranging from medical regression, social isolation and stigma, financial and logistical burdens..."


Dems Spin Elaborate Trump 'Logan Act Violation' Conspiracy Theory Based On Call Which Didn't Happen

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Netanyahu's office emphasizes there simply never was a phone call...


'The Descent Is Upon Us': Forget The Sahm Rule, This Indicator Has Perfectly Predicted Every US Recession Since 1930

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...post the July unemployment data, their indicator is at 0.5, suggesting a 40% probability that the US economy is now in a recession... it may have been in a recession since March.


FOMC Minutes Show "Vast Majority" See September Cut As Appropriate

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"The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting..."


Shut Out In Chi-Town: Jewish Groups Blocked From Marching During The DNC

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There is a crushing irony in Chicago given the decision in 1978 to allow Nazis to march in nearby Skokie, but Jews could not march in Chicago in 2024...


Stress Charts We Are Watching

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This is not how calm looks like...

FOMC Minutes Preview: Any Hints For Powell's J-Hole Address?

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Recent Fed commentary has been focused on when the next rate cut will come, and generally, September seems on the table...


Trump, Vance Pledge To Reduce Crime, "Re-Fund Police

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...Make America Safe Again!


20Y Auction Sees Lackluster Demand Despite 6th Consecutive Stop Through

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In short, a closer look at the auction metric revealed a rather disappointing auction, the tiny stop through notwithstanding. Still, it was good enough and yields remained near session lows, just above 3.78% after the auction prices.


California Wants To Reward Illegal Aliens With Zero Down, No Payment Home Loans

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"Our state is already facing a housing crisis, and adding more strain through AB 1840 is not the approach." 

 


DHS Can't Account For 1000s Of Unaccompanied Migrant Children, IG Finds

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"The [unaccompanied minor] was in an inappropriate relationship with her husband..."


The Money's On The Dresser: Harris Campaign Pays 'Influencer Army' To Feign Enthusiasm

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"She won’t do an interview but she’ll pop up awkwardly into a seven second TikTok..."


Jordan Peterson's Free Speech Battle

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Peterson has thrown down the gauntlet. He is not willing to back down...


Cyberattack Hits US Defense Supplier Of Critical Chips, Impacting "Ability To Fulfill Orders"

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This cyberattack raises significant concerns due to Microchip's critical role in supplying advanced chips to the US defense industry, supporting critical systems such as precision strike...


Biden Approved Secret Nuclear War Strategy Focused On Simultaneous Conflicts

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Highly classified plan approved in March reorients deterrent strategy on China...