June 26
S&P Oil FX Gold 10Y CLZ6
S&P is up 0.21% | 12:09
Oil is down 3.88%
10Y yield is lower by 1.6bp to 4.379% and is down about 8bp basis points on the week
Gold is up $62, but still down about 3% for the week and fourth consecutive weekly decline
The Computer Was RIGHT About Gold | Arm
What most analysts continue to miss is that a correction does not automatically signal the end of a secular bull market. The sovereign debt crisis has not disappeared. Europe’s financial problems have not been solved. Governments everywhere continue borrowing at unsustainable levels while geopolitical tensions remain elevated.
The goods trade deficit widened to $105.8 billion, the widest trade gap in over one year
UMich Sentiment Rebounds From 46-Year Record Low In June, Inflation Fears Fade Further | Zero
Trump back up to 46% approval in Rasmussen poll — Highest point in two months.
Musk's Starlink Plots To Become A Mobile Carrier; TD Cowen Sees Possible T-Mobile Buyout | Zero
Hyperscale cloud providers in the Magnificent 7 held their sharp drops from the previous session
OpenAI could delay its IPO, also aligned with lower spending for compute capacity.
Fed Chair Warsh reaffirmed the central bank's commitment to bringing inflation under control, easing concerns that he might yield to pressure from US President Trump to cut interest rates prematurely. The Fed also raised its 2026 PCE inflation projections.
Markets are pricing in three rate hikes this year, with the first increase in September standing around 62%
Week Ahead: Jobs Data in Focus as Markets Search for Clues on Fed Rate Path
Today’s Peak Digest
Mail-in ballot reform, immigration rulings, national concealed carry, Fauci subpoena, Medicare fraud charges, food recalls/changes, Flock camera sabotage, and Boll’s Citizen Vigilante film.
The High Cost of New York’s Rent Freeze
The lesson is that freezing the price of a service indefinitely while its costs continue to rise does not produce cheap or abundant service. Instead, it produces deteriorating assets and, eventually, public bailouts and takeovers. A better option is to undertake the harder reforms needed to make housing more affordable and accessible—that is, build more of it. Expanding supply is the only genuine way to improve housing affordability, accessibility, and building conditions.
Ranked: U.S. Cities by Family Income Needed to Live Comfortably
It’s Official: The Democrat Party Is a Socialist Skinsuit | Debt
This is the DSA co-chair. We’re using the Democratic Party as a ballot-access vehicle, not because we share its goals. We build our own organization, get elected under the Democratic label, caucus with Democrats when it’s useful
The Supreme Court Delivers Major Wins for the Administration on Immigration Enforcement | Turley
Insta: When a Supreme Court ruling causes the mainstream media and Democrat politicians to dissolve into tears of fury, you know the decision was much more in favor of We the People and the Constitution than of woke judicial activism. And with two major immigration decisions going for the Department of Homeland Security on Thursday, lefty media stooges are, of course, roaring like a Shakespearean tempest.
Most Of The Supremes Can Read | MTick
Words in statutes mean what they say
Arrives means arrives.
Temporary means temporary.
There is no greater enemy of white ethnics than white liberals. | PCR
White people actively participate in their own destruction.
The Government Demands a New AI Licensing Scheme to Control Who Uses Technology
This is an unprecedented power grab. The White House is now demanding control over who can use advanced AI models, with no legal basis and no public debate. This isn't about safety, it is about control. Without any law passed by Congress, the administration is ordering companies like OpenAI to limit access to frontier AI models to government-approved partners only.
Some institution needs to serve as a check on FBI or the NSA or whoever is doing surveillance. | Tribe
The Surveillance Auditor needs to be able to probe whether the FBI is making good use of surveillance tools while not abusing them. I recognize that the Surveillance Auditor is not a perfect solution. But it might be an example of a second-worst solution, with the others tied for worst.
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Email: wkidder42@gmail.com
Text: 1 646 257 2130
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