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Here's What Happened Inside Gas Stations When Gas Hit $4
Here's What Happened Inside Gas Stations When Gas Hit $4
In Goldman's first-quarter "Nicotine Nuggets" survey of retailers and wholesalers covering roughly 44,000 U.S. stores, or about 28% of all tobacco outlets nationwide, analysts observed that once the national average for regular 87-octane gasoline hit the politically sensitive $4-a-gallon level, the squeeze on consumers began to emerge. One of the clearest signs of stress was a downshift in purchases as budget-conscious consumers started pulling back on tobacco purchases or, in some cases, trading down.
"The outlook remains cautious but retailers &...
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Jun 22, 2026 / Tyler Durden
The Technical Backdrop: When Flows Meet A Hawkish Fed
The Technical Backdrop: When Flows Meet A Hawkish Fed
Authored by Lance Roberts via RealInvestmentAdvice.com,
Here’s the setup most investors are underrating right now. Over the next two weeks, the tape will trade on plumbing rather than fundamentals. We just cleared the largest options expiration in history. Quarter-end pension selling comes next, and then July 1 reopens the passive-money firehose into a market that already routes forty cents of every S&P 500 dollar into ten stocks. The whole market technical backdrop points higher into July. But Kevin Warsh’s first meeting as...
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Jun 21, 2026 / Tyler Durden
Billionaire Tax Officially Heads To Nov. 3 Ballot
Billionaire Tax Officially Heads To Nov. 3 Ballot
Authored by Madeline Shannon via The Center Square,
The controversial union-backed billionaire tax in California is officially heading to the Nov. 3 ballot.
Secretary of State Shirley Weber announced the California Billionaire Tax Act exceeded the number of signatures it needed to qualify for the general election.
The initiative aims to impose a one-time 5% wealth tax on the Golden State’s billionaires to generate $100 billion in revenue. The tax would apply to assets like art, stocks and bonds. That money would be used to help backfill reductions in...
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Jul 12, 2026 / Tyler Durden
Clashing Over Saylor, Strategy, And Bitcoin's Biggest Risks
Clashing Over Saylor, Strategy, And Bitcoin's Biggest Risks
Submitted by QTR's Fringe Finance
Sometimes the best conversations happen after an argument.
That's exactly what unfolded this week when I sat down with fund manager Larry Lepard for a discussion that almost never happened. After disagreeing earlier in the week over my criticism of Michael Saylor, Strategy, and the company's evolving Bitcoin strategy, we decided to hash it out publicly in a podcast/debate. Stupid thing to get in the way of a friendship, right?
The result wasn't a shouting match. It was a substantive debate...
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