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Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch
Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch
Last week, JPMorgan - which correctly noted that headlines tend to focus on the fact of damage not the scale - was the first itemize the damage from the war in Iran, finding more than 60 energy infrastructure assets in the Gulf have been affected by drone and missile strikes, with roughly 50 sustaining different degrees of damage.
What about the actual dollar value of the inflicted damage?
According to Rystad, repair and restoration costs for energy-linked infrastructure as a result of...
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Jul 8, 2026 / Tyler Durden
Waymo Robotaxi "Snitches" On Two 15-Year-Olds Drinking & Shooting Orbeez Guns In Bay Area
Waymo Robotaxi "Snitches" On Two 15-Year-Olds Drinking & Shooting Orbeez Guns In Bay Area
Two 15-year-old boys were detained in San Mateo Monday afternoon after the Waymo robotaxi they were riding in reported them to police - for drinking alcohol and firing a gel-bead blaster out of the moving car - then pulled itself over so officers could collect them.
Waymo's remote monitors spotted the behavior on the vehicle's interior cameras and called the San Mateo Police Department around 2:10 p.m. with the car's exact location. The company then disabled the...
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Apr 1, 2026 / Tyler Durden
Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100
Futures, Bonds Surge On Optimism War May End, Oil Tumbles Below $100
Futures and bonds jump and oil fell, sending Brent briefly below $100 a barrel, as the de-escalation/technical/macro led relief rally continues on hopes of the Middle East conflict reaching an end soon after Donald Trump said he expects the war in Iran to end in two to three weeks, and indicated that it was possible that Iran could still reach a deal with the US during that timeframe. Trump has a national address tonight at 9pm ET to...
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Jun 3, 2026 / Tyler Durden
Dispersion And Correlation Are Screaming Overbought, Downside Hedging Is Cheap
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...
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