US Asian Ally Rejects Pentagon Request To Land Fighter Jets: More To Come?

JPMorgan Backs US Crypto Bill, But Puts Warning Label Front & Center As Senate Eyes August Deadline Authored by Micah Zimmerman via BitcoinMagazine.com, JPMorgan threw its support behind federal digital asset legislation Monday, but the bank’s message to Congress was as much a caution as an endorsement: get the framework right, or risk recreating the financial vulnerabilities regulation was designed to prevent. In a joint op-ed, Umar Farooq, global co-head of JPMorgan Payments, and Peter Muriungi, CEO of Digital Assets and Blockchain Solutions, argued that the United States has a genuine opportunity to lead...

Trump Says US To Seize Control Of Hormuz, Get Paid For It - Iran Quickly Blasts Proposal Summary Trump proposes US control of Hormuz: Says the US will "run" the Strait of Hormuz and should be paid for securing it. Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf. Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection. Oil prices climb: on rising risk to global shipping & energy markets, as diplomacy clearly unraveling. Strait of Hormuz traffic...

Hindenburg Alarm: Another Rotation Or Worse? Via RealInvestmentAdvice.com, In early November, we sounded the alarm about a recent Hindenburg Omen. Per the Commentary’s summary: Bottom line: market breadth is horrendous and will likely lead to a rotation favoring out-of-favor sectors and stocks. Thus, it’s not surprising that the Hindenburg Omen was triggered. If we continue to see more of these Omens, the threat of a drawdown grows. At the time, Mega-Cap stocks were grossly outperforming the market, while many sectors lagged the market. Since that Hindenburg Alarm, our expectations have come to fruition. We have, in fact,...