Deadly Israeli Strikes Continue as Lebanon Reels From Wednesday Massacres

Futures Tumble As Reality Returns And Yields, Oil And Dollar Soar Bond yields, oil and the dollar are surging this morning as US futures tumble from all-time highs, with Tech underperforming driven by a series of factors including i) surging energy prices on lack of Iran war progress, ii) elevated positioning into options expiry; iii) Central bank repricing, iv) Tech sell-off driven by higher yields, and v) strikes at Samsung Electronics. The combination of stronger consumption and higher inflation is also a factor today. As of 8:00am ET, S&P futures are down...

In the week leading up to the war on Iran, Israel repeatedly warned Lebanon would be targeted if Hezbollah became involved in that conflict, and once the war was underway the US sought to assure Lebanon that Israel had no intention to escalate the conflict into Lebanon so long as no attacks were launched from […]

Tesla Posts Strong Registration Growth Across Europe In May Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups. Reuters writes that the trend extended across the region. Norway recorded 3,345 Tesla registrations, up 29% from a year earlier, while France saw registrations rise to 5,446 vehicles—more than seven times last year's level. The gains come...