April 5
S&P Oil FX Gold BTC 10Y
BTC is 67.370, up from 66,941 at Friday's close | 15:05 Sunday
OPEC+ oil cartel decided to increase production by 206,000 barrels/day on Sunday | MEE
Many centers shut for Easter Monday
This week: FOMC minutes, CPI data, the ISM Services PMI, Michigan Sentiment, and PCE
What Has America Become? Tuesday will dedicated war crimes | Wauck
Trump Threatens to Target Iran’s Bridges, Power Plants on Tuesday If Hormuz Strait Not Reopened | Epoch
Airlines Hike Bag Fees As Jet Fuel Prices Spike. AAA gasoline is $4.110
IEA Head Warns Of Panic Fuel Hoarding In Asia | Zero
Czech Government Caps Fuel Prices And Cuts Diesel Tax To Combat Surging Costs At The Pump | Zero
Trade Data Smacks GDPNow First Quarter Forecast Down to 1.1%. But the big hit is still ahead | Mish
I expect inflation data to be on the hot side and perhaps very hot. | Mish
The data reinforced expectations that the Fed will keep the federal funds rate unchanged this year
Gold: Why Peter Grandich Says "Sell The Hype, Buy The Blood" | Zero
The bond market is now very edgy, with inflation fears front and center | Wolf
At 4.35% on Friday, the 10-year yield is where it had been in July 2025. And there were three rate cuts in between.
Musk “is requiring banks, law firms, auditors and other advisers working on the IPO to buy subscriptions to Grok
“The IPO is expected to raise more than $50 billion at a valuation above $1 trillion, which means the banks could generate fees in excess of $500 million for advising on the deal,” the NYT wrote.
Brent oil spot price for actual cargo soars to $141
The price was $32.33 higher than the Brent crude futures contract for June delivery
The next two weeks are critical | OilPx
if disruptions persist, cascading failures could trigger inflation, supply shortages, and a broader global economic shock.
Debt Rattle
NATO’s purpose was anti-Russia. That ended in 1989. Questions?
This latest development deepens concerns over an Epstein cover up.
Osmotic Power Plant, Which Runs 24/7 on Nothing But Fresh Water and Seawater | ZME
A renewable energy source that runs day and night, powered by salt and fresh water.
Doug Noland Weekly
A well-timed short squeeze significantly mitigated Q1 market declines. The S&P500 rallied 2.9% during the quarter’s final trading session, reducing Q1 losses to 4.6%.
For the Week: The S&P500 rallied 3.4% (down 3.8% y-t-d)
Ten-year Treasury yields dropped nine bps to 4.34% (up 17bps)
Dollar Index was little changed at 100.185 (up 1.9% y-t-d)
Gold rallied 4.1% to $4,677 (up 8.3%)
WTI Crude surged $11.90, or 11.9%, to $111.54 (up 94%)
Diversity Erodes Trust, But Islamic Migration Destroys It | A.Muse
Robert Putnam did not want to publish his findings. People living in more ethnically diverse neighborhoods trusted their neighbors less. They volunteered less, gave to charity less, worked on community projects less. They watched more television. They reported lower political efficacy and less confidence in local government.
Most unsettling of all, the erosion of trust was not simply directed at people from other groups. Trust in one’s own group fell too. Diversity, Putnam concluded, seemed to make everyone withdraw.
“Diversity, at least in the short run,” he wrote, “seems to bring out the turtle in all of us.”
Trump’s Premature Claim About Air Supremacy and Obliterated Iranian Air Defenses | John
Air Force had a difficult day on Friday.
Sorry, guys. We couldn’t liberate you, so Plan B is we’re sending you back to the Stone Age | Simpl
And to end on a laugh, here’s CNN telling their smooth-brained audience that the shot-down US pilot may have been hailed as a hero and liberator by “happy” local Iranians who, apparently, would be eager to thank the pilot for bombing them
Trump and some around him still do not ‘get’ Iran. | Moon
They never in their own life held any principle they would not deviated from if money was to be made. Iran, in contrast, does have principles that are not up for sale. It is beyond Trump’s comprehension that such exit:
Scott Ritter: Iran’s Fath-360 Wipes Out 40 F-35s in 30 Min
Single source story.
Iran is well aware of US/Western reliance on radar-based systems | Naked
That is a big reason Iran quickly went after THAAD radars and is now hunting their backup, AWACS jets. The F-35 is stealthy only to radar detection; it can be “seen” thermally and also reportedly emits a lot of electronic signals.
The Market Law Of One Price | Doug Casey
If the Donald thinks the oil price is going to be high in Europe and Asia because they get their hydrocarbon molecules from the Persian Gulf and low in the USA because we are 100% self-sufficient in oil and gas, he is sadly and utterly mistaken. The digital networks of the paper and cash markets will quickly equilibriate the price of hydrocarbons on a worldwide basis, and the physical barrels will not be far behind.
The Week In Pictures: No Queens Edition
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