April 26
Bitcoin is up 0.78% from Friday's close at $77,460 | 12:33 Sunday
It’s Time for a National Conversation About The CIA | CTH
It operates with a secret federal budget and appears to run independent activities, even having the means to generate its own revenue.
Trump Cancels U.S. Envoys’ Trip to Pakistan for Iran Peace Talks | WSJ
Chubb Says U.S. Hormuz Insurance Backstop Stalled as Military Convoys Fail to Materialize | Clima
Israel is saying they’re ready to restart the Jewish Nationalist war on Iran | Wauck
and they’re just waiting for the “green light” from Trump. What that most likely means is that Israel has demanded more war and that Trump asked for a hold on war until, say, Sunday. Israel granted Trump that brief reprieve and that’s what Trump’s Jewish real estate emissaries have flown to Pakistan for—to ask Iran to please surrender, or something like that. Iran refused to meet with Steve and Jared and instead reiterated something like their 10 points.
Debt Rattle
Following the 2017 Charlottesville incident, Apple and CEO Tim Cook pledged $1 million each to the Southern Poverty Law Center (SPLC) and the ADL.
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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