Goodbye August, a slobbish month capped off with interest rate fears and resumption of the oil spikes.Bessent said today he didn’t think it a wise idea to hike rates into what is tantamount to a supply shock in crude, all very true indeed. For whatever reason, however, Warsh is hellbent on coming out as hawkish...Read More

Our new Fed Chair took to the hole to talk extreme shit about rates and how this time the Fed would really defeat inflation, so that the working class can feel some relief. It was a retarded speech — sounded a bit like AI slop and it had a sloppish effect on market. At first...Read More

The NVDA numbers came in better than expected, albeit a little light on whisper margins. NVIDIA beats by $0.13, beats on revs; guides Q3 revs above consensus (209.95 -3.10)Reports Q2 (Jul) earnings of $2.22 per share, excluding non-recurring items, $0.13 better than the FactSet Consensus of $2.09; revenues rose 105.9% year/year to $96.22 bln vs the $92.27 bln FactSet Consensus.Data...Read More

Bessent trying to rig rates lower seems to be working, at least in the interim. Trump’s economic D day looks to be yielding some attention in Iran, as late in the session there was news of potential deals. Oil dropped by more than 4%. So we have both rates and oil lower across a backdrop...Read More

Several things on the top of my mind here. Bessent warned a major financial institution would face sanctions for helping Iran. Moreover, he promised a “zero leak” policy in regard to Iran — meaning anyone who does business with them will be OFF the dollar system. This is reckless and made me want to sell...Read More