Survival of the Least Fit

Futures Tumble As Reality Returns And Yields, Oil And Dollar Soar Bond yields, oil and the dollar are surging this morning as US futures tumble from all-time highs, with Tech underperforming driven by a series of factors including i) surging energy prices on lack of Iran war progress, ii) elevated positioning into options expiry; iii) Central bank repricing, iv) Tech sell-off driven by higher yields, and v) strikes at Samsung Electronics. The combination of stronger consumption and higher inflation is also a factor today. As of 8:00am ET, S&P futures are down...

Iranian Foreign Ministry spokesman Esmail Baghaei said on Monday that the US has an “addiction” to sanctions and vowed that Iran wouldn’t be “strangled” by the economic pressure. “The US Secretary of the Treasury has boasted of ‘suffocating’ Iran through economic sanctions,” Baghaei wrote on X, appearing to reference comments made by US Treasury Secretary […]

Senate Schedules Contempt Vote For Fauci Authored by Zachary Stieber via The Epoch Times, The Senate has scheduled a vote on holding Dr. Anthony Fauci in contempt. The Senate Committee on Homeland Security and Governmental Affairs on Aug. 5 will consider a contempt resolution for Fauci. The resolution has not been released as of yet. Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, testifies before the Senate Committee on Homeland Security and Governmental Affairs in Washington on July 29, 2026. Madalina...