Theater of the Absurd in J6 Courtrooms

SpaceX IPO Hype Ignites Blast Off For This Korean Broker Stock The SpaceX IPO, potentially launching as early as mid-June, is set to accelerate the "space investment" theme we previously outlined, with Elon Musk's rocket company rumored to target about $50 billion in proceeds at a $1.5 trillion valuation. Early bullish sentiment is already appearing in one public-market proxy: Seoul-based Mirae Asset Securities Co., which has about $400 million of exposure to SpaceX and xAI, and has surged to the top spot on MSCI's broadest global stock index performance so far...

Germany's Energy Crisis And The National-Conservative Turn Submitted by Thomas Kolbe If the Union had been waiting for a favorable moment to save face and quietly escape the energy-policy fiasco, that moment has probably arrived. On Thursday, the European Parliament formed a broad coalition of the Union-backed EPP faction with the national conservatives. The goal: initiate a migration turnaround, prevent citizen chat controls, and soften the grotesque Supply Chain Act. Among the national-conservative parties in the EU Parliament is also the AfD faction, showing that the firewall against this party is a...

ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages Hiring and pay gains both held steady in March. The ADP National Employment report printed a better than expected +62k jobs added in March (+40k exp) and modestly down from an upwardly revised 66k in February. That is the ninth straight month of job gains. Source: Bloomberg The smallest employers drove job growth for a second month, while hiring in trade, transportation, and utilities continued to decline. "Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March,...