Key Events This Week: CPI, PCE, ADP, Durable Goods And More

Nine Potential Commodity Wildcards As "Once-A-Decade" Shocks Become New Normal A growing number of institutional desks sounded alarms over physical commodity markets this week as maritime chokepoint disruptions intensified across the Gulf. Goldman Sachs, RBC Capital Markets, JPMorgan, and others warned that a tightening physical market could keep Brent firmly in triple-digit territory and drive prices sharply higher if the disruptions persist. Joining the conversation was Citigroup Senior Commodities Strategist Eric Lee, who warned Thursday that commodity markets have entered an era of near-constant disruption, with geopolitical, climate, and technological shocks...

Yen Suddenly Surges To Bessent Intervention Highs... No One Knows Who/Why... Yesterday we noted the sudden spike in JPY which prompted numerous desks to speculate on an intervention. It wasn't large - which made many suggest it wasn't or that it was a tester for liquidity. Today, we are seeing something different - a steady bid for the Japanese currency lifting it to post-Bessent/BoJ highs... The slope (not entirely vertical) made some reject the idea of an intervention... “I don’t think the move was an intervention or rate check, but there is a lot...

Ralph Baric And UNC's Biodefense Contract Racket Exposed Authored by Paul D. Thacker via The DisInformation Chronicle, “DLA Piper wants to get you,” I was told, from a source in DC over the weekend. “Well, what can they do to me?” I asked. “They can’t really do anything,” she said. “But they are pissed off.” Well, they should be. DLA Piper is one of the largest law firms on the planet, with over 90 offices scattered across more than 40 countries. A week back, I took a shot at one of DLA Piper’s top...