Hungary Cuts Energy Shipments to Ukraine, Slovakia Threatens to Follow

A US submarine sank an Iranian warship with a torpedo in the Indian Ocean off the coast of Sri Lanka, marking an escalation and widening of the US-Israeli war against Iran. Secretary of War Pete Hegseth confirmed during a press briefing that the US sank the vessel. “Yesterday, in the Indian Ocean … an American […]

China's Quiet Gains During US-Israel War On Iran Authored by Hamza Zaman via RealClearDefense, The Iran conflict continues to protract despite President Trump’s assumption of a quick and easy victory. The goals of regime change and the decimation of the Iranian ballistic missile program remain unfulfilled, and the closure of the Strait of Hormuz further adds to the strategic qualms of the Western powers. The GCC states are also facing significant damage to their services industry, transport infrastructure and energy sector. While both sides suffer great losses in this protracted conflict, America’s biggest geopolitical...

The Weak Dollar Narrative Authored by Lance Roberts via RealInvestmentAdvice.com, We have spent a lot of time over the last year debunking “narratives,” which are dangerous to investors, as “narratives” create a rationalization for overpaying for assets. Nonetheless, Wall Street loves a simple story and is happy to jump on a trend with momentum, selling products to unwitting consumers. A good example of that lately has been the “weak dollar” narrative, which has pushed investors to chase foreign assets. The negative correlation between a weak dollar and rising international stock exposure appears to be a free return. Unsurprisingly, the...