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April 25

Bitcoin is up 0.22% from Friday close at $77,460 | 8:34 Saturday

Iran Foreign Minister Arrives in Pakistan for Talks
Steve Witkoff and Jared Kushner will also travel to Islamabad, but it's unclear if the two sides will meet
The currently stable ceasefire ends on Wednesday

Debt Rattle
Vance is on “standby” and “willing to dispatch to Pakistan” for Iran talks if negotiations progress
Trump wants to throw Spain out of NATO. Apparently that’s not easy.
Trump loves Canada, but not the woke version. Not Trudeau or Carney
There is no reason to assume the deception stopped at the SPLC’s (another NGO)
Insta: USAID was funding the SPLC through an organization called the Tides Center, based in San Francisco.

Doug Noland Weekly: Warsh in His Own Words
Prospects for timely resolution of Strait of Hormuz issues appear bleak.
WTI crude surged $10.55, or 12.6%, this week to $94.40.
The Bloomberg Commodities Index’s 3.5% rally boosted 2026 gains to 24%.
Ten-year Treasury yields rose five bps to 4.30%
For the week, Dollar Index increased 0.4% to 98.533 (up 0.2% y-t-d).

Noland: As much as I respect Jay Powell as a dedicated public servant and man of integrity, his chairmanship was a failure. These days, it’s a Federal Reserve system in desperate need of reform. Everything’s a mess.

S&P   Oil   FX   Gold   BTC  10Y
Week ahead: Q1 GDP and Fed announcement. Markets are pricing in a zero percent chance of a cut or a hike

The Week in Pictures


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