Update:
Trump storms out of interview after being challenged about election fraud claims, DOJ fund
Sunday, June 7, 2026
I have a hard time getting excited about bond yields surging 7% in the wake of the Iran war when they already surged 368% since 2020 to the end of February
100 days of the Iran war: How global markets and the economy have been affected, in charts
... Yields on U.S. Treasurys are among those to have surged in the aftermath of the war ... U.S. 30-year Treasury yields have surged ...
Progressive Dems wanted Biden to just shut up and disappear in 2024, and nothing has changed
They have learned nothing.
When you adopt the narrative of your enemy, you lose.
Saturday, June 6, 2026
That's unfair to Harris, she came in fourth in California
Again, what doomed Democrats was betraying their sitting president in the ninth inning.
Warren Buffett's right hand man Charlie Munger was fundamentally anti-social
... "You don’t need other people. The point of getting rich is so you don’t have to need other people, so you don’t have to get along with others.” ...
Quoted here.
Friday, June 5, 2026
Everything sold off today
Stocks were down across the board, with the NASD 100 notably down 4.77%. The equal weight S&P 500 is down 0.52% month to date.
The Tech sector was down the most on the day, 5.78%.
The Consumer Staples sector was up the most on the day, 1.64%, which looks defensive against a possible coming recession. The Utilities sector was up half that.
The U.S. 10Y yield rose to 4.55%, and the 20Y and 30Y yields rose above 5.00. YTD return for VUSUX is now down 0.85%.
Oil retreated 3%.
Metals were down across the board, silver down over 8%.
Crypto was down across the board, too, with Bitcoin falling below $60k.
But DXY climbed! +0.658 to 100.071.
The theory is investors are upset that today's "strong" jobs numbers (the 70k hospitality hires is probably World Cup related, a one off, so forget that) indicate easy money from the Fed is now absolutely out of the question, and maybe even a rate increase is coming because the economy is running too hot, which is silly with 1Q GDP at 1.6% annualized. CNBC called that "solid" lol.
Jokers say everyone's just raising cash to buy overpriced SpaceX in its IPO next week.
Investors are taking profits ahead of SpaceX IPO, says Capital Wealth’s Kevin Simpson
SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
The increase in Saudi oil exports through the Bab-el-Mandeb Strait in April 2026 came to about 3.3 million barrels per day according to Kpler
Iran’s threats against this Red Sea choke point are a big vulnerability for the oil market
... Oil and product exports through the Bab el-Mandeb nearly doubled to 7.2 million barrels per day in April compared with 3.9 million bpd in February before the U.S. and Israel attacked Iran, according to data provided by Kpler.
The interactive chart by Kpler in the story is a shipwreck.
The data is in millions of barrels per day passing through, as explained in the story. Unfortunately you don't see "million" anywhere in the chart.
What you see is 5.2B, 7.7B, 2.9B, etc., which could easily be misinterpreted as either "barrels" or "billion".
The proper designation should be MMb/d or perhaps MMB/D in the chart, but maybe just leave that out entirely next time because it's already too busy and just put "million" in the subtitle before "barrels" and leave it 5.2, 7.7, 2.9, etc. in the chart.
Middle East tanker transits May 28-Jun 3, 2026: Strait of Hormuz 1.1/day, Bab-el-Mandeb Strait 14.9/day
SoH E: 0.4/day
BAM SE: 7.3/day
Just 48.82% had a full-time job in May 2026
Trump I averaged 49.23% full-time, even with 2020 thrown in there.
For 2017, 2018, 2019 the average was 49.87%.
2019 averaged 50.38% full-time, Trump's best year.
Trump's best month was July 2019 at 50.98%, which Biden did not beat.
Trump is making America 2017 again, not great.
Full-time peaks in the summers, so we'll see what happens, but the set-up doesn't look promising.
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