Futures Fall As AI Selloff Resumes

Fire Erupts At HF Sinclair Refinery In Tulsa Local media in Tulsa, Oklahoma, report that the HF Sinclair refinery, which has a crude-processing capacity of 125,000 barrels per day, has suffered a fire. This comes just days after another refinery fire in the New Orleans area. Fox 23 News reports that the Tulsa Fire Department is currently on the scene after a fire broke out at the refinery in West Tulsa earlier today. The refinery is critical because it primarily processes sweet crude, can handle some sour Canadian crude, and markets...

Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran Tl;dr: Rates on hold as expected with a hawkish tilt to 'uncertainty' around the Iran war clouding the outlook. The Dot-Plot showed no real change (7 on hold, 12 at least 1 cut in 2026) but inflation expectations surged in the SEP. *  *  * A lot - and we mean a lot - has happened since the last FOMC meeting (Jan 28th). Oil is up 54% since the last FOMC meeting, bitcoin has tumbled. Gold and stocks are also...

Trump Golfs Under Missile Shield As Avenger Guards Bedminster Fairway President Trump was spotted over the weekend at his Trump National Golf Club in Bedminster, New Jersey, under a notably elevated air-defense posture. An AN/TWQ-1 Avenger positioned near the fairway provided last-line missile defense, indicating that security planners considered a low-altitude airborne attack plausible. The Avenger's presence indicates a planned, layered air-defense posture around the president, complemented by F-16 fighter jets overhead and temporary flight restrictions over the course. The X account POPULAR FRONT posted an image of the Avenger mounted on...