Money versus Monetary Policy

Solar Stocks Surge As Energy Shock Revives Renewables Trade Goldman analyst Adam Wijaya asked clients whether this year's surge in SolarEdge, Enphase Energy, and other solar stocks is reviving a familiar trade: higher crude oil and natural gas prices in Europe and globally, strengthening the case for renewables as the energy shock sparks a return to coal switching. "Are we back to running the 2022 playbook?" Wijaya asked in a note published Monday. Wijaya said, "Certainly seems that way based on recent px action in residential solar."  "SEDG is +79% YTD vs ENPH...

Sotomayor Apologizes After Criticizing Kavanaugh Over Immigration Case Authored by Tom Gantert via The Epoch Times, U.S. Supreme Court Associate Justice Sonia Sotomayor apologized in a statement for comments she recently made about Associate Justice Brett Kavanaugh. “At a recent appearance at the University of Kansas School of Law, I referred to a disagreement with one of my colleagues in a prior case, but I made remarks that were inappropriate,” Sotomayor said in the statement released by the Supreme Court. “I regret my hurtful comments. I have apologized to my colleague.” Sotomayor was...

Qatar Expels Iranian Diplomats After Strike On LNG Hub; Israel Attacks Iran's Navy In Caspian Sea Summary Israel strikes Iran Navy in Caspian Sea. Iran FM Discusses Strait of Hormuz with EU's Kallas, oil dumps, amid reports of Iran launches on KSA. Largest Qatar LNG export hub hit by Iranian missiles. Doha expels diplomats. Some Gulf states want to ensure Iran's missile arsenal destroyed for good, as EU, Russia, China demand ceasefire; Beijing ignores Trump's Hormuz plea Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings...