US 10-year Treasuries are offering about the greatest amount of yield versus the S&P 500's earnings yield going back to 2003. Either earnings have to keep outperforming, or bonds will start looking like an increasingly attractive alternative.
$TSLA
NEWS : Piper Sandler analyst Alexander Potter said Tesla's fully autonomous software has effectively reached level 4 autonomous driving.
The company cited Tesla's insurance, handleless and pedalless Cybercab production, license application for robotaxi infrastructure, FSD subscription data sharing, and robotaxi service expansion as the basis for this view.
BREAKING: President Trump says "I love the inflation" and explains why after US CPI inflation rises to 4.2%.
Trump also announces that the US has been taking oil from Iran, including 22 ships of oil "last night."
BREAKING: Iran's President Pezeshkian responds to President Trump's threats to target Iranian infrastructure calling it "a sign of desperation."
Full statement:
"Critical infrastructures are the lifeblood of the people. Threats to target them, from transportation networks to the electricity and water industries, are not a show of strength but a sign of desperation in the face of a nation's will. Iran, relying on the knowledge and capabilities of its specialists, national unity, and solidarity, will stand firm against any pressure or threat," Pezeshkian says.
🚨 THIS IS LOOKING VERY SUSPICIOUS
In 48 hours, SpaceX goes public at a $1.77 TRILLION valuation.
THE BIGGEST IPO IN HISTORY.
And right before the IPO, Fidelity cuts its min account size from $500K to $2K.
THAT'S A 250x REDUCTION.
Think about how insane that is.
One of Wall Street’s most guarded gates suddenly opens to everyone just days before the biggest IPO.
That doesn’t happen by accident.
That doesn’t happen out of generosity.
Ask yourself one question:
That happens when someone needs MORE BUYERS.
And this looks so well timed, engineered, and suspiciously perfect.
What we are watching in markets are the first cracks in the illusion that the US can fund $2T deficits in perpetuity, fund debt-funded AI buildouts, reshore the industrial base, fund the Iran war, and roll over existing US Federal debt without YCC or its functional equivalent.
🇷🇺 Ростовский Кремль
В Ростове Великом, на одном из самых красивых кремлей России, возвышаются белокаменные башни, стены и купола церквей, словно сошедшие с иллюстраций к русским сказкам. Этот архитектурный ансамбль по праву является шедевром зодчества.
The result of 1) ever-rising public debt and 2) no longer structurally decreasing interest rates to offset it is: 3) the deficits are going to be *lit* for the foreseeable future.