JSD.

Hay décadas que pasan en semanas.

[𝐓𝐍𝐓 @TNT_Media1]

🚨عاجـــــــــــــــل

جنرال أمريكي: قُتل 70 جندي تسللوا الى اليمن في محاولتهما إجبار الحوثيون على فتح باب المندب

دخلت قوة من الكوماندوز مكونة من 70 مرتزقًا إسرائيليًا وأميركيًٍا إلى اليمن لكنهم تعرضوا لكمين من قبل الحوثيون ولم ينج منهم أحد، الحوثيون رجال أشداء في ساحة المعركة.

[InfoGram @_InfoGram_]

This is going to be a Massive escalation 🔥

🇺🇸Trump: "From today 50% tariffs on Canada. Cars, booze, dairy, wine, hockey sticks, cement. Pay up Now."

🇨🇦Carney: "We’re ready. We don’t care about You. Illegal tariffs won’t stop us. We’re doubling exports outside the US. We’ll protect our workers.

Canada will impose matching tariffs on American goods “dollar for dollar.”" 🔥🔥

Basically, Canada is DITCHING Trump 💪

Canada PM Mark Carney is now become most popular leader in Canada due to his spine 💪

[Giovanni Staunovo🛢 @staunovo]

Hedge funds slashed short-only positions on European diesel to the lowest in over two years while stacking up fresh bullish wagers, a sign that traders anticipate that a historic fuels crunch will stretch on #oott https://t.co/TH6rcKwecO

[Patarames @Pataramesh]

Calm Days.
Too calm.

The IRGC may have already made the decision for escalation

You don't always encounter the U.S. with such degraded defensive shield...

[World Affairs @World_Affairs11]

BREAKING:

Turkey, Jordan, Egypt and Syria plan to form a military coalition to fight with Israel.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Trade talks between the US and Canada have collapsed and the US has imposed new 50% tariffs on billions of dollars of Canadian goods.

Details include:

1. Canada's Prime Minister Carney vows to retaliate with "dollar for dollar" tariffs on the US

2. The tariffs will cover hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling ~$20 billion

3. US Trade Representative Greer said Canadian negotiators had "upset the balance" worked out over days of negotiations

4. The two sides had been discussing a deal that included lowering tariffs on Canadian steel and aluminum to 25% and autos to 15%

The US-Canada trade war appears to be back.

[Chad Nedohin @ChadNedohin]

Calling it now.

Bessent knew the bond buy back would fail, and set it up as a trigger for insiders to pump crypto. They timed the announcement with the WH crypto meeting.

They don’t care if they bankrupt America, as long as they get rich on their crypto scams.

[Francesco Sassi @Frank_Stones]

The energy wars in Eastern Europe and the Persian Gulf just merged in Central Asia.

Faced with fuel shortages caused by Ukrainian strikes on Russian refineries, Tajikistan has made an emergency request to Iran for 2.55M tonnes of fuel.

Here is why this matters 🧵🇹🇯🇮🇷🇺🇦🇷🇺👇

[David Lee @DavidLe76335983]

50 hours after the Treasury surprised intervention of UST market, the market tells Bessent to “fxxk off” as US30Y moves back to the pre-announcement level. The only impact is weaker USD and stronger #Gold

US bond market is out of control and US Treasury has no tool to turn it around. The worst part is that the market also knows it and is acting accordingly

[Onchain Insights @OnchainIns5699]

Japan's provisional interest rate for debt servicing has risen to 3.8% for the upcoming budget, the highest in nearly three decades, more than tripling from the 1.0% - 1.2% range maintained between 2018 and 2023. Rising debt-servicing costs now consume a quarter of the annual budget while spending simultaneously grows, signaling accelerating fiscal strain that will likely drive Japanese government bond yields higher and increase global risk-free rates.

$BTC #BTC #MACRO #JGB

[𝕊𝕡𝕣𝕚𝕟𝕥𝕖𝕣 𝕻𝕣𝕖𝕤𝕤 @SprinterPress]

The Israeli publication Israel Hayom reports that Israel has "studied" the principles of operation of Article 5 of the North Atlantic Treaty and claims that Israel could attack Turkish soldiers without triggering NATO intervention.

Meanwhile, Netanyahu is currently holding a meeting with senior security officials, including leaders of the defense ministry and intelligence agencies, to discuss possible scenarios, with a particular focus on the situation in Syria and the tensions in relations with Turkey, according to i24.

[𝕊𝕡𝕣𝕚𝕟𝕥𝕖𝕣 𝕻𝕣𝕖𝕤𝕤 @SprinterPress]

Turkey Continues to Deploy Troops and Military Equipment to Syria

According to reports, the new convoys heading to the region include various types of military armored vehicles and logistical equipment. It is also reported that the transfer and reinforcement of Turkish forces are ongoing.

[Hedgie @HedgieMarkets]

🦔Five ECB economists warned that an AI market correction is likely whether current valuations are justified or not. They studied every major tech revolution and found the same boom-then-correction pattern each time, even when the technology was transformative. European households hold about €440 billion in Mag 7 stocks through index funds and pensions. The ECB said policymakers have less room to cushion a correction now than during dot-com. Their line: a US AI correction would not remain a US problem.

My Take
The ECB isn't saying AI is fake. They're saying the technology can work and the stocks can still crash, because that's what happened with railroads, electricity, and the internet. The tech survived every time. The investors who bought at the top didn't. Lucent made the equipment that built the internet, dominated the market, and lost 98% of its value when the financing behind the buildout collapsed. Nvidia sells the chips that build AI and is now guaranteeing the leases and financing the purchases of its own customers. The technology was legitimate both times. The financial structure around it was not.

€440 billion in European retirement savings is exposed to Mag 7 stocks through index funds, and the same concentration exists in US 401k target-date funds. If you hold an S&P 500 index fund, roughly 30% of it is in a handful of AI companies. The ECB flagged that the tools to respond to a correction are weaker now than in 2000. Rates are high, deficits are blown out, and the fiscal room to cushion anything has shrunk. That means if the correction comes, the people holding these stocks through their retirement accounts absorb more of the loss than they did last time, with less help on the other side.

Hedgie🤗

[Ryan Rozbiani @RyanRozbiani]

Spain Licensed for First Mining Investment in Iran

A Spanish company has been licensed to extract and process mineral ore inside Iran, marking Spain's first investment of its kind in the country.

The deal opens a new European channel into Iran's mining sector despite U.S. sanctions and efforts to economically isolate the country.

[The Kobeissi Letter @KobeissiLetter]

You can't make this up:

At 8:15 AM ET yesterday, the 10Y Note Yield was trading at 4.68% when the US Treasury announced it would be increasing bond buybacks to $4 billion.

The yield fell to a low of 4.63% as the US Treasury pledged to provide "liquidity support."

Exactly 24 hours later, the 10Y Note Yield is ABOVE levels seen prior to the announcement, at 4.71%.

It's going to take a lot more intervention to tame this beast.

[Mark @Mark4XX]

Veteran oil trader Eckard just called it: After Aug 22, crude is primed for a sharp upward jump.
Here’s why you need to listen.

[Patarames @Pataramesh]

I make all what Trump worte below short for you:

➡️ No, China won't give away its sovereignty this time either

But that reaction implies Oil reserve crisis seems to have hit a problematic point

[The Hormuz Letter @HormuzLetter]

BREAKING: Trump announces "the most crushing economic operation ever taken against a country" against Iran.

Trump implies the US will directly target China and Russia, saying "any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face tremendous Economic Consequences. Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies"

Trump says this will be economic warfare on an unprecedented scale, calling it "Economic D-Day."

[Otavio (Tavi) Costa @TaviCosta]

Here is the wild part about the Treasury market today:

The US debt‑to‑GDP ratio is now roughly on par with World War II — actually a bit worse.

However, back then:

Nearly half of all Treasuries were backed by gold.

Today, it’s about 3%.

That’s how deep the problem runs.

https://t.co/93PB84TH3r

[DD Geopolitics @DD_Geopolitics]

🇷🇺💥🇺🇦 About 20 ballistic missiles hit Kiev in 15 minutes!

Russian strategic bombers are also airborne!