The U.S. and Iran have a deal to work on a deal. During the next 60 days, there'll be a ceasefire and the Strait of Hormuz will be open. In other words, the same situation we had before the war, only lives have been lost, oil is far more expensive, and about $100B has been spent.
LITTLE SAIGON SAN JOSE
If you want more of the same and worse—Xavier Becerra is your guy.
But if you want $3 gas, your $100k tax-free, a home you can afford, to cut your electric bills in half, and to fix our schools—it’s time for change.
Vote for Change—Vote for Steve Hilton ☀️👊
TRUMP–XI SUMMIT DOWNSIZED AS EXPECTATIONS FALL
The Trump–Xi meeting in Beijing is now expected to be a limited, low-impact summit focused on maintaining stability rather than major deals.
Key topics include trade, Iran, and fentanyl, but analysts say the U.S. has little leverage and Beijing is offering no clear agenda or concessions.
Instead of a “grand bargain,” the talks are likely to yield only modest steps like extending existing trade truces and maintaining limited sector cooperation.
Experts say shifting geopolitical conditions have strengthened China’s position, making meaningful breakthroughs unlikely.
IRAN’S SUPREME LEADER ANNOUNCES NEW HORMUZ TRANSIT RULES SHIPS MUST OBTAIN IRANIAN APPROVAL, PAY IN RIALS, AND USE IRANIAN BANK GUARANTEES; COUNTRIES THAT SANCTIONED OR “DAMAGED” IRAN MAY BE DENIED ACCESS; NON-COMPLIANT VESSELS RISK DETENTION AND FINES OF 20% OF CARGO VALUE
BREAKING:
The U.S. economy just matched its 2008 Financial Crisis low.
The ratio of leading to coincident economic indicators.
0.84.
Identical to the worst financial collapse in generation.
The Leading Economic Index has fallen 7 out of the last 8 months.
5 consecutive annual declines.
The longest streak ever recorded.
In the past this level has never occurred outside of a recession.
Never. Not once.
Meanwhile stocks are hitting all-time highs.
The economy and the stock market.
Moving in completely opposite directions.
One of them is wrong.
And history says it's not the economy.
$SMCI is up 18.5% in AH trading after earnings
I didn't know that cooking the books, making ~10bn$ of A/P Debt disappear, writing off A/R credit, and burning ~2.8bn of cash in 3 months could be so bullish
I took the liberty of putting Dec 25 numbers next to the ones presented