porti, esq.

Attorney and Notary with private practice in Puerto Rico / Interested in Global Financial and Political Affairs.

[Polymarket @Polymarket]

JUST IN: JPMorgan warns a “super” El Niño could surge global food inflation.

[The Hormuz Letter @HormuzLetter]

BREAKING: China directly rejects Trump's latest Truth Social claim that Xi told him China would not sell weapons to Iran under any circumstances, saying "as a comprehensive strategic partner, China strongly supports Iran in safeguarding its sovereignty, security, and national dignity."

[Jay Fonseca @jayfonsecapr]

⚡ La administración Trump admitió en documentos de corte que canceló más de 7,500 millones de dólares en fondos federales para proyectos de energía limpia basándose "solo" en criterios políticos.

🎯 Los recortes apuntaron a proyectos en estados representados por demócratas y que votaron por Kamala Harris en las elecciones de 2024, mientras dejaron intactos fondos en estados que apoyaron a Trump.

📋 De más de 600 proyectos que el Departamento de Energía recomendó cancelar, la Casa Blanca eliminó 284, y casi todos estaban en estados con dos senadores demócratas.

⚖️ La admisión contradice el testimonio del secretario de Energía, Chris Wright, quien había dicho ante el Congreso que "ninguna decisión se tomó por política".

🚨 Legisladores demócratas calificaron la movida como un abuso de poder "antiestadounidense", mientras la Casa Blanca prepara reglas para tener aún más control sobre más de un billón, es decir un millón de millones, de dólares en fondos federales anuales.

❓ ¿Crees que el gobierno debería poder cancelar fondos según criterios políticos?

Fuente: New York Times

#Trump #dinero #fondosfederales #politica #elecciones

[Robert Reich @RBReich]

On his first day back in office, Trump rescinded Biden's ethics pledge banning executive branch appointees from lobbying their former agencies for 2 years.

Now multiple ex-Trump officials are lobbying their former offices on behalf of Big Oil, crypto, and private equity.

"Drain the swamp." https://t.co/1bVrIZLCwB

[Kyle Griffin @kylegriffin1]

BREAKING NYT:

Federal officials said in court documents that they halted billions of dollars in funding for energy projects to states "based solely" on whether they backed Trump in the 2024 election.
https://t.co/Zo5EtEW4U2

[Anonymous @YourAnonNews]

Department of Energy announced yesterday that wind sometimes fails to blow and that solar power generation nearly stops after sundown.
IF ONLY HUMANS COULD DEVELOP TECHNOLOGY THAT COULD STORE ENERGY AFTER SUNDOWN.

[Anonymous @YourAnonNews]

Meanwhile you have an orange buffoon in the USA who convinced a bunch of stupid people that solar doesn't work and windmills cause cancer...
You can't have nice things because you're stupid.

[porti, esq. @APORTILLA787]

@LeninPR

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The US 10Y Note Yield officially surges above 4.70% for the first time since January 2025.

This puts yields above the "Liberation Day" high in April 2025, set to drive interest rates to new 52-week highs.

The bond market is flashing red.

[Sin Comillas @Sincomillas]

Firstbank gana $96.2 millones, un 19.9% más https://t.co/B5YY3OVpLI

[porti, esq. @APORTILLA787]

Esto se jodio

[Financelot @FinanceLancelot]

BREAKING: Houthis have hit a pair of Saudi oil tankers in the Red Sea with missiles and drones

The attack comes after the Houthis declared Red Sea naval blockade on Saudi Arabia and its trading partners, warning vessels against entering the Bab-el-Mandeb.

[Nick Gerli @nickgerli1]

Florida's housing downturn is entering a new stage: severe mortgage distress.

It now ranks #1 in the U.S. for foreclosures.

And we're starting to see listings like this, where the homeowner is trying to sell for $130,000 less than they paid in 2022.

That's a 40% loss in just four years.

Many people who bought near Florida's housing peak in 2022-23 are now running into financial trouble.

But what's remarkable is that mortgage distress is still nowhere near 2008-09 levels. Yet we're already seeing individual homes lose 40% of their value.

If this trend continues, today's discounts may only be the beginning.

Check the value estimate of any listing with Reventure's analyzer: https://t.co/nXb7WRppuD

[The Spectator Index @spectatorindex]

BREAKING: US crude oil price up 4%, rises to $95.

[Barchart @Barchart]

BREAKING 🚨: France

France's 30-Year Bond Yield hits highest level since the Global Financial Crisis 🤯 👀

[The Kobeissi Letter @KobeissiLetter]

Bearish bets on US stocks are surging:

Short interest in the S&P 500 is up to ~3.7% of its free float, near the highest in data going back to 2010.

Short interest in the Russell 3000 is up to ~6.1%, also near an all-time high.

Both metrics have steadily increased since the start of 2025.

Furthermore, short interest across all NYSE-listed stocks rose to a record 9.0% of shares outstanding in late June.

By comparison, this metric peaked at ~5.0% during the 2008 Financial Crisis and ~6.0% during the 2020 pandemic.

Conditions for a short-squeeze are rising.

[Barchart @Barchart]

30-Year Treasury Yield is closing in on its highest level since the run-up to the Global Financial Crisis 🚨 🚨

[The Kobeissi Letter @KobeissiLetter]

China is leading the global nuclear race:

China now has 39 nuclear reactors under construction, more than the next 12 countries combined.

This is followed by India and Russia, at 8 and 7, respectively, less than half of China's total combined.

China also has a much younger pipeline of nuclear projects, with reactors currently under construction averaging just ~2.8 years since work began.

By comparison, the global average stands at ~5.8 years, inflated by long-delayed projects, such as India's 22-year construction timeline and Brazil's 16-year timeline.

Meanwhile, the US currently has no large commercial nuclear reactors under construction.

China is building the world's largest pipeline of nuclear reactors.

[porti, esq. @APORTILLA787]

Oh boy

[The Hormuz Letter @HormuzLetter]

BREAKING: Trump announces the US will hit Iran's Pickaxe Mountain nuclear facility "pretty soon very heavily," adding "there's nothing they can do about it," indicating he will use nuclear earth-penetrating bunker busters, as these are the only weapons that can properly destroy pure granite mountain fortifications at depth of up to 145 meters.

[The Hormuz Letter @HormuzLetter]

BREAKING: At least 8 oil tankers have aborted transit through the Bab el-Mandeb Strait following the Houthi naval blockade against Saudi Arabia, including 3 Chinese VLCCs carrying Saudi crude.

Three tankers loaded with Saudi crude bound for China and one for India have made U-turns in the Red Sea and are now aborting their transit through the Bab El-Mandeb.

4 additional tankers turning north in the Red Sea have been identified as Agios Gerasimos, MICA, NAVIG8 Express, and Trust.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Brent crude oil prices surge above $91/barrel as the Iran War continues to escalate.

US gas prices are officially back above $4.00 per gallon.