To accelerate faster than anything can regulate is to court Armageddon, and he would sooner risk that than be governed by anyone but himself. (The tech neo feudalism motto) a sobering, beautiful piece.
open.substack.com/pub/heyslick...
Below current levels, Truist sees support around 6900/7k. $SPX
The war on international law didn’t start with Trump. It’s been long in coming — and largely successful. My latest on what’s at stake, how we got here, and how we might start to rebuild:
Turns out UFC cage fights are an invaluable diplomatic tool ... 🙄
I’ve lived in countries like that. The rich hide in barricaded communities and keep their passports close, ready to flee.
PIMCO: “.. the default cycle is reasserting itself, and we expect significantly higher losses in lower-quality credit such as leveraged and private direct lending.”
@bloomberg.com $HYG
www.bloomberg.com/news/article...