"Far-Right" AfD Party Makes Historic Gains In German State Elections

US PMIs Lead The World As Manufacturing Tops 4-Year Highs, Services Sink Following Japan's ugly PMIs (Services lowest since March 2025) and Europe's disaster (weakest composite EU PMI since late 2023)... ...with prices surging... All eyes are on the US 'soft' survey data for signs of divergence (or contagion). With US 'hard' data improving notably, the preliminary soft survey data for May was mixed with improved performance in manufacturing was countered by a sluggish service sector. Flash US Services PMI Business Activity Index: 50.9 (April: 51.0). 2-month low. Flash US Manufacturing PMI: 55.3 (April:...

"Buy The Dip" Is Dead: Retail Sells Today's Market Bounce, 2nd Time This Week; Sells Nvidia Two weeks ago we warned that the BTFD trade - that staple of every market dip in the past 3 years - appeared to be fading rapidly, as retail investors were demonstrating "persistent signs of weakness" following the start of the Iran conflict with weekly purchases decelerating by ~30% after defying seasonal patterns and making February their 3rd largest month on record; additionally, that Monday marked the largest retail net-selling day in single stocks in...

These Two Things Are Not The Same... Authored by Steve Watson via Modernity, Viral images of a grand classical arch and a twisted modernist one reveal the unbridgeable divide between leaders who celebrate America's heritage and those who seem determined to replace it with something cold, crooked, and alien. The contrast could not be clearer or more deliberate. On one side stands towering marble, golden eagles, and inscriptions evoking "One Nation Under God." On the other, a bent, leaning metal structure that looks like a giant wire hanger or a failed piece...