The Mexican president made the announcement after the U.S. and Canadian embassies raised concerns over the country’s judicial reform proposal.

Really have to blame "apocalyptic environmentalism" by Annapolis lawmakers for this one... 

A mediocre, tailing auction if one looks at the superficial metrics, yet a quick look deeper reveals more solid demand than yesterday's stopping through 2Y. Of course, nobody ever accused the market of digging deeper in anything, ever...

"Only a limited number of user accounts linked to illicit funds were blocked from transacting."

Investors are long and paying up for downside protection (in relative vol terms). You watch this "behavior" closely...

Seriously running out of conspiracy theories... 

...the wreckage could release an oil spill four times the size of the 1989 Exxon Valdez disaster.

...the more we melt-up, and the more that the recent de-riskers are forced back “IN” at the highs... the more unstable we will again become...

All of a sudden Kamala Harris wants to build a border wall?

Bloomberg has obtained an email...

Israeli leaders discuss evacuation orders for West Bank, a major first of the war...

Nvidia’s margins are critical for supporting the market given profit margins are now the main driver of returns in the tech sector...

...but total crude stocks are now at their lowest since January.

Today, markets are only interested in one economy, one field, and earnings from one company, which may or may not be in a bubble. It makes a change from a focus on “Rate cuts!” I guess. But in the real world, there’s lots to think about, politically.

Hedging NVDA into earnings...

"Additional time is needed for SMCI’s management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024..."

Eight of the top 10 fastest-growing cities were in Canada. Only two U.S. cities in Texas, Fort Worth and San Antonio, made the top 10...

The stock market seems to love the idea of the Fed lowering rates before they do so. But, when the Fed lowers rates, the result is not often friendly for stock investors.

Several oil depots on fire after multiple overnight strikes...

 

Harris has finally agreed to an interview after weeks of avoiding the press since being anointed...