When AI Agents Trade with AI Agents, Price Discovery Dies

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

The peace deal with Israel has proven quite controversial within Lebanon, with large scale protests in the wake of the announcement and fearing that it effectively does nothing about the ongoing Israeli invasion and occupation. The growing concern among analysts though is that the deal’s obligations to Lebanon to disarm Hezbollah are actually designed to […]

Boeing Shares Rise As CEO Set To Join Trump On China Trip, Fueling Aircraft Order Speculation Boeing shares rose in late-morning trading in New York after CNBC reported that CEO Kelly Ortberg will join President Trump on his trip to Beijing next week for talks with President Xi Jinping. Boeing shares climbed a little more than 2% on the news as traders began to price in the possibility of a Chinese aircraft order, potentially covering both narrow-body and wide-body jets from the U.S.-based aircraft manufacturer. Senator Steve Daines, who is leading the...