Trump Lifts Jones Act for 60 Days in Effort to Lower Oil Price

Market Leadership Is Narrow, Increasing Summer Risk Authored by Lance Roberts via RealInvestmentAdvice.com, 📈Technical Backdrop – Friday Selloff Tests The Tape The S&P 500 closed Friday at 7,408.50, surrendering Thursday’s historic first close above 7,500 with a 1.24% decline. The semiconductor names that powered the rally became the source of Friday’s selling. Intel fell 5%, Micron 4%, AMD 3%, and Nvidia 4.4%. From a purely technical standpoint, Friday’s reversal was the first real distribution day in three weeks and the mean-reversion signal we have been flagging. The deviation numbers are the story. At 7.0% above the...

President Donald Trump says he is not interested in negotiating an end to the war against Iran.  “I’m not trying to force Iran to the bargaining table, as ABC Fake News reported. I couldn’t care less if they sign a worthless, to them, agreement,” the President wrote on Truth Social Tuesday. “I like our position […]

Largest US Power Grid Faces Dire Crisis By 2030 If Data Center Load Growth Continues By 2030, the PJM Interconnection, the largest US electrical grid in the US serving 67 million people in 13 northeast states, is likely to face a “loss of load expectation,” or LOLE -  a key reliability metric used by power system planners to measure the expected number of hours or days per year that a power grid's electricity generation will fail to meet customer demand - between six and 100 times worse than the grid operator’s planning criterion, mainly...