“Dangerous Precedent Of Censorship And Sanitization”: Biden-Appointed Judge Enjoins Removal Of Slavery And Climate Displays Authored by Jonathan Turley, George Santayana famously said that those who ignore history are doomed to repeat it. The same is true for judicial overreach. Those judges who yield to the temptation to counter policies that are not to their liking are likely to repeat such excesses of power. That is why the […]

Could Trump’s Fable 5 Export Curbs Slow China’s AI Model Race The biggest AI story to start the week is the Trump administration’s decision to place export controls on Anthropic’s Fable 5 and Mythos 5 models, forcing Dario Amodei’s frontier AI lab to restrict foreign access. The move comes as Chinese open-source models have been rapidly closing the compute gap with U.S. labs. Anthropic’s latest release appears to have widened that […]

What Could Break The Bull Market This Summer Authored by Lance Roberts via RealInvestmentAdvice.com, Key Takeaways After nine straight up weeks, the bull market pullback we flagged finally arrived, and it stopped cold at the 50-day moving average. The selloff reset an overbought tape without breaking trend. RSI fell from above 70 to the low 40s, and Thursday’s bounce came on broad participation. Our Money Flow […]

Apollo Picks Austin Over New York As Wall Street’s Migration South Continues It’s not just Citadel that’s moving out of New York. Apollo Global Management has chosen Austin, Texas, as its second headquarters, according to sources familiar with the decision. The firm, which manages about $1 trillion in assets, evaluated Austin, Miami, Palm Beach, and Nashville before CEO Marc Rowan selected Austin, according to Financial Times. The […]

America’s Largest Wind Farm To Begin Operations This Month Authored by Naveen Athrappully via The Epoch Times, The SunZia Wind Project, the largest wind farm in the United States, is scheduled to kick off operations this month, roughly three years after construction activities began on the project, the Energy Information Administration (EIA) said in a June 12 statement. “The wind farm, located in New Mexico, has a total net […]

Trump Details Iran Deal At G7: No Nukes, Conditional Sanctions Relief Summary: Iran will not have a nuclear weapon under the new deal. The agreement includes strong policing and enforcement powers. Trump: Obama’s JCPOA was a horrible deal that led toward a bomb. Past U.S. payments to Iran were a failed bribe attempt. Sanctions relief will only happen if Iran complies with terms. Iran gets no money or relief just for signing […]

U.S.-Iran Deal Doesn’t Mean A Swift Return Of Oil And Gas Flows Authored by Tsvetana Paraskova via OilPrice.com, A U.S.-Iran agreement could reopen the Strait of Hormuz, but shipping and production will not immediately return to normal. More than 10 million bpd of Middle Eastern oil production has been shut in, and some fields may take months to restart fully. Iraq faces a slower recovery than Saudi Arabia or the UAE because its […]

First LNG Tanker Crosses Hormuz After Deal Announcement As Most Ship Managers Remain Cautious An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a deal to reopen the Strait later this week, according to OilPrice.com While tanker owners and operators remain cautious about rushing to send vessels to the […]

White House Suspects NY Times Reporters Have Situation Room Recordings Senior Trump administration officials are convinced that two New York Times reporters have somehow obtained recordings of White House Situation Room meetings, which would represent an astounding breach of security, Axios reported on Sunday.  “We’re afraid some of our most sensitive conversations were being recorded,” a White House official told Axios. “And we […]

US Gas Prices Slip Below Politically Sensitive $4 Level For First Time In Months Summary: GasBuddy’s U.S. Gas National Avg. Falls Below $4 per gallon  AAA’s U.S. Gas National Avg. still slightly Above $4 per gallon (expected to fall)  US-Iran Peace Deal Sends Brent and WTI Tumbling  Patrick De Haan, a petroleum analyst at GasBuddy, wrote on X that the national average price of gasoline has finally slipped below the […]

Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic Over the weekend, we published a length report analyzing what we dubbed “the $1.8 trillion off-balance sheet time bomb at the heart of the AI supercycle”,  which focused on the recent surge in popularity of off-balance sheet SPVs, as well as $1 trillion in long-term purchase commitments, and $800bn in lease commitments, which support the […]

Protests In Los Angeles As Iranian Soccer Team Arrives For 1st World Cup Match Iranian Americans protested against the regime in Tehran as the Iranian soccer team arrived in Los Angeles for their first World Cup match against New Zealand on June 15. As the team arrived at the Los Angeles Galaxy’s training ground in Carson, a small group of Iranian Americans shouted, “Down with terrorists!” The Iranian national team, which […]

So, What Do We Know? By Benjamin Picton, Senior Market Strategist At Rabobank A deal is struck and the parties are reportedly set to sign on Friday of this week. Markets are jubilant after an agreement was confirmed by US, Iranian and Pakistani sources, but not without first being threatened by Israeli strikes on Hezbollah in Lebanon which prompted a telling-off by Donald Trump on Truth Social where he told everyone “don’t blow […]

Drinking The Court-Packing Kool-Aid: Buttigieg Joins The Calls To Take Over Supreme Court Authored by Jonathan Turley, Former Transportation Secretary Pete Buttigieg apparently got the message this week that he cannot hope to win the Democratic nomination without promising radical measures, including the packing of the Supreme Court. After denouncing the current Court as “rogue” for not ruling as the left has demanded, […]

Key Events This Week: First Warsh FOMC, Iran Deal Signing, Retail Sales And More After 107 days and a seemingly endless number of false dawns, we finally have a deal between the US and Iran to end the war and open the Strait of Hormuz. It was announced on Sunday afternoon – Trump’s birthday, shortly before futures opened for trading and ahead of today’s Iran game in the World Cup – and the MoU will be signed in Switzerland on […]

G7 Protesters Smash Windows, Set Tesla On Fire In Geneva Authored by Chris Summers via The Epoch Times, Protesters smashed windows at a United Nations agency and set fire to a Tesla vehicle on June 14 during a protest march in Geneva, Switzerland, against the holding of the G7 summit, just across the border in the French town of Evian-les-Bains. A Tesla car burns during a protest against the G7 summit, across the border in France, […]

US Industrial Production Disappoints In May Despite strong ISM Manufacturing data, US Industrial Production disappointed in May, rising just 0.1% MoM (vs +0.3% exp), but April’s print was revised up to +0.9% MoM. Put together, that lifted the YoY rise in industrial production to +1.67% – its highest since Nov 2025… Manufacturing excluding motor vehicles and parts was also flat in May, according to the Fed report. Mining […]

“This Chart Should Stop You Cold In Your Tracks” Submitted by QTR’s Fringe Finance One of my favorite contrarian analysts to read posted a great thread this week noting what he sees as one of the most overlooked risks facing U.S. equities in 2026. Gordon Johnson argues that an unprecedented wave of equity issuance could overwhelm available investor capital. In a great thread on X, Johnson, of GLJ Research, argued that investors […]

Trump Threatens 100% Tariff On French Wines Over Digital Services Tax Update (0810ET): France’s President Emmanuel Macron said Monday he wanted to have a “respectful but firm discussion” with Trump. “We will have a respectful but firm discussion,” Macron told TF1 as he prepared to host Trump and other leaders at a G7 summit. “Tariffs don’t do anyone any good, especially tariffs between G7 countries,” Macron said. As Tom Ozimek […]

US Futures, Global Stocks Surge, Oil Tumbles On Iran Deal Global markets soared in a risk-on rally following the announcement of a US-Iran deal Sunday night. Stocks and bonds rallied while oil tumbled to a three-month low after the US and Iran said they have reached an interim agreement to reopen the Strait of Hormuz and halt the war. This will provide a 60-day window for negotiation. As of 8:00am ET, Nasdaq 100 futures advanced […]

Fox Buys Roku In $22 Billion Deal To Build “Next-Gen Media” Giant Fox agreed to acquire Roku for $160 per share in a cash-and-stock deal, valuing Roku at around $22 billion. The deal marks a major push by Fox into connected TV, streaming advertising, and direct-to-consumer distribution. On Friday, Roku shares jumped 20% to a four-year high on Bloomberg news that the company was in talks to be acquired by an unnamed media company. […]

The Bond Market Already Looked Through The Inflation Headlines Authored by Lance Roberts via RealInvestmentAdvice.com, 💰 May Inflation of 4.2%: Media Narrative Misses Reality The May inflation print landed on Wednesday, and the doom crowd pounced. Headline CPI reaccelerated to 4.2% year over year, the hottest reading since April 2023, and the “inflation is back” choir was in full voice within the hour. I want to push […]

Anthropic Races To Defuse Trump’s Fable 5 U.S. Export Curbs While Jefferies Sees New Headwind For China AI Anthropic’s Fable/Mythos 5 ranks number one in the world for model intelligence, widening the US-China gap. The gap may widen further because of “anti-distillation” features, and the models are now under US export control, which has shuttered access to the advanced models. LLM model matrix pic.twitter.com/d64OIhoYDH — […]

Anduril CEO Urges U.S. Arms Export Reset To Become World’s Gun Store Anduril founder Palmer Luckey has called for critical resets across defense procurement, manufacturing, innovation, and national identity. Luckey’s defense startup, valued at over $60 billion, is one of the key forces reshaping America’s military power through low-cost, automated systems that can be manufactured and reproduced at scale, from autonomous weapons and […]

Trump Says Hormuz To Reopen Friday After Signing Of “Great Peace Deal” With Iran Summary Trump Says Hormuz Chokepoint Reopens Friday Pakistan PM Confirms Peace Deal, with a signing event in Switzerland next Friday Trump Confirms US-Iran Peace Deal “Now Complete” and says “Let The Oil Flow”  Iran’s president issues pro-MoU signing statement as Tehran is boasting of great and solid results for its side. There are […]