The State Of Love In America: It's Not Looking Good

US Private Credit Default Rate Remains At Record High: Fitch As we have detailed extensively, most recently here: "Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge ", private credit firms continue to face a flood of redemption requests... And after this week's report from Fitch Ratings, it appears any light at the end of the tunnel is an oncoming train. As Andrew Moran reports for The Epoch Times, the U.S. private credit default rate remained at a record high in May, according to the latest update from Fitch Ratings. Private...

Watch: More Evidence Iran Is Rapidly Restoring Its Missile Tunnels President Trump has newly estimated that Iran has 21%-22% of its missiles remaining. Trump said in an interview with NBC: "They have some missiles and drones, percentage-wise maybe 21%-22% of the missiles. That's a lot, but it's not what it was before the war." He and top White House officials had previously mused that the Iranians are working hard to reconstitute their defenses after the opening US-Israeli heavy bombing campaign of Operation Epic Fury. The fresh statement comes on the heels of...

Futures Flat As Tech Slides After Memory Stocks, Korea Tumble US futures are mixed with S&P futures modestly higher offset by a slide in tech: as of 8:00am ET, S&P futures are up 0.1% while Nasdaq futures drop 0.5%, hit by a plunge in Sandisk (down 9% in pre-market), and rival Western Digital which tumbled 15%, after both companies reported earnings. AppLovin also slumped 16% after missing revenue estimates while DataDog tumbled as much as 18% after guidance wasn't strong enough, and pushed Nasdaq to session lows. Mag 7 stocks are...