D.C. Economy "Under Strain," Faces Biggest Spending Cuts Since Great Recession

Sen. Graham Urges Congressional Iran Vote...On Approving Peace, Not War This is definitely in you really can't make this up(!) territory... Sen. Lindsey Graham is actually calling for a Congressional vote, but not concerning a War Powers Resolution.  Instead, he has called for Congress to review and vote on any diplomatic agreement ending the war with what he described as the "Iranian terrorist regime." That's right, the NeoCon senator from South Carolina only wants a Congressional vote on whether peace should be approved. He has remained opposed to a War Powers vote. In a series of posts...

Dispersion And Correlation Are Screaming Overbought, Downside Hedging Is Cheap Submitted by SpotGamma CBOE’s Dispersion Index (DSPX) is at levels only seen during Covid and the April ’25 tariff crash, while Correlation (COR1M) is near all-time lows. This divergence signals extreme positioning risk driven by the AI stock chase, and makes SPY downside hedges historically cheap. Traders have been chasing AI related names in such heavy-handed fashion that it has now created positioning risk for the stock market. Encapsulating this view are two popular CBOE options indexes: Dispersion (DSPX) and Correlation (COR1M). What Are...

Secret Service Deputy Director Quits Amid Questions Over Ties To Drone-Defense Maker Fortem Authored by Susan Crabtree via RealClearPolitics, Deputy Director Matt Quinn announced his resignation from the Secret Service in an internal agency email Friday amid questions about his conflicts of interest over the agency's counter-drone technology. Quinn served 23 years as a Secret Service agent before retiring in 2021. He then went to work at drone-manufacturer Fortem Technologies, which sells the DroneHunter product, as a senior vice president for three years before returning to the agency last year to serve...