Longer-term inflation jumped to their highest since June 2008, according to the latest UMich Sentiment survey, while short-term inflation expectations dropped to four year lows… Source: Bloomberg Interestingly, on the heels of a positive PMI surprise – based on Trump – UMich sentiment declined in November (from preliminary to final) but was higher overall (even […]

Authored by Steve Watson via Modernity.news, X owner Elon Musk has fired back at the news that British MPs will “summon” him to their parliament to address allegations of spreading ‘disinformation’. GB News reports that “An inquiry in the House of Commons is meaning to investigate the rise of ‘harmful’ AI content online by calling tech […]

Following this morning’s shitshow in Europe, US preliminary PMIs for November were expected to inch higher (supported by the surge in positive ‘hard data’ surprises recently) and they did on a MoM basis. Flash US PMI Composite Output Index: 55.3 (Oct: 54.1). 31-month high. Flash US Services PMI Business Activity Index: 57.0 (Oct: 55.0). 32-month […]

Authored by Lance Roberts via RealInvestmentAdvice.com, With the re-election of President Donald Trump, the worries about tariffs and pro-business policies sparked concerns of “Trumpflation.” Inflation has been a top concern for policymakers, businesses, and everyday consumers, especially following the sharp price increases experienced over the past few years. However, growing evidence shows inflationary pressures continue to […]

US futures are lower but well off session lows as investors turn to other regions for better value following this month’s torrid rally in US equities, while bitcoin inched closer toward the landmark $100,000 level, trading less than a thousand dollars away from the vaunted resistance level. As of 8:00am, S&P futures are down 0.1%, […]

US investor Stephen P. Lynch, who has decades of business dealings in Moscow, has reportedly asked US officials for permission to bid on the sabotaged Nord Stream 2 pipeline if it is auctioned off in a Swiss bankruptcy court, according to a report by the Wall Street Journal.  Lynch has discussed with US senators, Treasury officials, […]

Authored by Matt Crosby via BitcoinMagazine.com, As Bitcoin once again finds itself in price discovery mode, market watchers and enthusiasts are curious: has retail FOMO set in yet, or is the retail surge we’ve seen in past bull cycles still on the horizon? Using data from active addresses, historical cycles, and various market indicators, we’ll […]

One of the big bearish overhangs looming over the oil market is the now conventional wisdom that as a result of accelerating supply and slowing demand, 2025 will see an oil glut potentially as large as 1million bpd, a surplus which will depress prices and prevent OPEC+ from boosting output (of course, conventional wisdom is […]

Authored by Linnea Leuken & H. Sterlin Burnett via RealClearPolitics, When electric power was a novel idea and just beginning to be adopted in urban centers, the industry had a Wild West feel to it as multiple companies strung wires, opened power plants, and sold electricity on an unregulated market. Competition was fierce, but state […]