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If I were to tell you that Australia would have a hot inflation report and China would announced a jump in deficit borrowing, you would be excused for rushing to buy the Australian dollar.AUDUSD daily chartThat looked to be a good trade yesterday and initially on the...

I spoke with Dale Pinkert from TradeGateHub today about four spots that provide some level of cover in a market where almost everything is vulnerable.Other things we talked about:The risks in the Middle East and why I'm watching Iran so closelyThe end of the era of...

The fear in markets is that a war in Gaza turns into a war between the US and Iran.Biden was asked about Iran and US troops being injured and said:"We have had troops in the region since 9/11 to go after ISIS... having nothing to do with Israel at all. My warning to...

We have to remember that Hamas does not represent the vast majority of PalestiniansThere is a need to work towards a greater integration of IsraelMy instinct is that Hamas attack was carried out due to progress of integration of IsraelExtremist settlers attacking...

Republicans unanimously backed Mike Johnson in a surprise turnaround to unite a divided party. It looked hopeless a day ago.Johnson is a Louisiana Republican was first elected to the House in 2016 and serves as vice chairman of the House Republican Conference, as well...

This is one of the worst markets I can remember: There is nowhere to hide.Stocks are utterly puking with the Nasdaq Composite down 2.5% after poor earnings from Google and some others. Oil is rallying, presumably because the market is worried about Iran again after a...

The stock tumble continues with the NASDAQ now down over 300 points. The index is currently down 306 points or -2.33% at 12833.50. The largest decline this year was a decline of -2.5% on February 21. The S&P index is now down 62.2 or -1.47% at 4185. It's 38.2%...

Israeli PM net now who is speaking and says:Doing everything possible to bring hostages homeWe are preparing for a ground invasionI want to give the detailsTiming of the invasion will be reached by consensus.Civilians in Gaza should move to the SouthWe encourage...

The vote for the Speaker the House has begun. A total of 217 votes are needed to be elected to the post. Watch the Other votes for clues. If that moves above 4, it will likely signal a failed vote. Helping is that Johnson is although he is not a moderate conservative,...

The US treasury auctioned off the $52 billion a 5 year note at a high yield of 4.899%WI level at the time of auction was 4.88%Tail 1.9 basis points. The six-month average was -0.4 basis pointsBid to cover came in at 2.36Xversus six-month average of 2.99XDealers 19.4%...

The U.S. Treasury will auction off $52 billion 5-year notes at the top of the hour.Note that the coupon auctions are judged by investor demand. The 2 year note auction yesterday it was met with ok demand. There was no tail. Of late the auctions have been sloppy with...

The WSJ's Summer Said reports that Hamas fighters trained in Iran before the Oct 7 attacks.The story says roughly 500 Palestinians got specialized training in Iran as recently as September.Note that this is the same journalist who reported the day after the attacks...

The WSJ reports that Israel has agreed to a request from the US to delay a ground incursion into Gaza, according to unnamed officials. The delay is so the US can get more missile defenses in place.The thinking is that a ground incursion will result in missile attacks...