Changes to the public charge rule aim to reduce incentives to illegal immigration and discourage immigrants from relying on public benefits.

...be prepared for extended power outages with subzero temperatures outdoors... This is not hype or a joke...

"I don't know what there is in the agreement, or the deal, about my country"

Violent moves in the JPY like we are seeing today rarely stay contained, VIX tends to notice.

...homicides are down 21% from 2024, and down 44% from the recent peak of 2021

"The companies are now cleared to discuss specifics such as..." 

The death of globalization is the real headline from the international self-indulgence festival at Davos...

...from one white powder to another.

The US’ pressure on “irrelevant” Denmark’s sovereignty is an assertion of primacy framed as pragmatism, with tariffs as the go‑to tool. The subsequent Trump‑Rutte arrangement does not at all mark a return to rules or procedures.

...instinct is there’s a window to own short-dated upside calls on the big US tech stocks for the reporting period...

You think commodities — you think Brazil.

“This action responds to the WHO’s failures during the COVID-19 pandemic and seeks to rectify the harm from those failures inflicted on the American people.”

The market’s problem is that these disruptions are fighting a macro backdrop that still points to a 2026 glut...

...backed by managing investors Oracle, Silver Lake, and MGX. The app’s Beijing-based parent company retains a 19.9% stake.

No inflation… unless you look at commodities.

"Winter is Coming for Appalachia. "

Russia will consistently pursue its objectives on the battlefield...

If the 10-year isn’t pricing much in the way of geopolitical or inflation risk, then the MOVE is pricing even less chaos — which is exactly how convexity starts to look interesting.