The Strategic Petroleum Reserve was created to help OUR country during emergencies.
But Presidents use it to stabilize fuel prices… GLOBALLY, because oil is a global market.
If we use much more of it to mask the cost of wars, we risk collapsing the salt caverns that hold it.
🇺🇸🇮🇷 Despite two nights of U.S attacks on Iran in retaliation for them attacking ships, the Strait of Hormuz seems to still be firmly under Tehran's control
All tanker traffic appears to be following the Iranian route, with virtually no ships following the U.S-backed Omani route through the Strait
Source: Marine Traffic / Writer: Ian
Egypt files FIFA complaint after controversial World Cup loss to Argentina
Egypt demands a probe, pointing to referee Francois Letexier, who they say played a 'decisive role' in Argentina's win
Letexier has since deleted his Instagram page amid backlash
https://t.co/SGji5jlC7X
Amazon has borrowed more than $100 billion so far this year, including 40- and 50-year debt. Investors are growing a bit weary. https://t.co/W7E5fsLUOa
🚨 WOW! Top journalist Megyn Kelly exposes massive corruption.
She confirms FIFA has been completely bought and paid for by elites for years.
Piers Morgan reveals Donald Trump literally used his political power to force a secret favor from the FIFA boss.
Pure corruption!
Today, on my final day as Director of National Intelligence, I’m releasing never-before-seen communications and documents exposing how Dr. Fauci provided millions in US taxpayer dollars to fund dangerous gain-of-function research at the Wuhan lab, worked with politicized elements within the Intelligence Community to suppress the truth about his actions and hide the virus’ lab-leak origins, and lied to Congress while under oath in 2024. It’s time you know the truth.
https://t.co/3YJSstB7d4
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...Continue 😂
‼️Hedge funds are abandoning North American equities at a record pace:
North America's net allocation of hedge funds versus the MSCI All-Country World Equity Index (ACWI) is down to a record low of −20%, the lowest reading in at least 10 YEARS.
This means hedge funds are materially underweight North American equities relative to global stocks.
At the same time, Asia's net allocation weight is up to a record high of +17%.
The divergence between the 2 regions is now the widest on record.
Capital is rotating out of North America and into Asia at a pace rarely seen before.
Here we are again. 30yr bonds(ZB) are at the lows of the month 112.00, under here look for 11.23-25 then 111.00. CL is working back to that 103.56 pivotal price. ES and NQ are both in yesterdays OR.
The indices either break today or we will sit here and churn.
I am firm believer equities will be repriced some day. lol. It doesn’t have to be today.
Trade the market as it is, not as you think or what it to be.
I will trade my strategy!!
We are two weeks from oil shortages and demand rationing according to Bloomberg.
Not months…weeks.
Anyone that thinks this oil shortage isn’t a serious immediate crisis is delusional:
and this is so interesting:
Employment in information continued to trend down in April (-13,000). Telecommunications lost
3,000 jobs, while employment continued to trend down in motion picture and sound recording
industries (-6,000) and in computing infrastructure providers, data processing, web hosting,
and related services (-4,000). Information employment is down by 342,000, or 11.0 percent,
since its most recent peak in November 2022.
When is everyone going to start realizing that the manic on again off again war/peace rhetoric is really just insider trading?
And sprinkle in some murder.
Only a select few in the top tax bracket are benefiting from this, and the majority of you ain’t in it.