"The Foundations Of Dollar Dominance Are Weaker than Anticipated..."

The U.S. Wants To Ban Chinese Cars, But They're Already At The Gate Efforts in Washington to block Chinese-made cars often sound like a future problem - but in practice, those vehicles are already within reach of American consumers, according to the Wall Street Journal. Just south of the U.S. border, Chinese automakers have been rapidly expanding in Mexico, setting up dealerships and offering vehicles at prices far below what most new cars cost in the U.S. Brands like BYD, Geely, and Great Wall Motor are selling electric and gas-powered models...

Rubio Insists US 'Will Not Tolerate' Deal Which Makes Iran Gatekeeper Over Hormuz, As Putin Tells Araghchi Tehran 'Fighting For Its Sovereignty'  Summary Putin tells FM Araghchi that he's been in contact with the new Supreme Leader, and says Iran fighting for 'sovereignty' After a weekend of stalemate malaise, Iran reportedly offers new proposal for opening ship traffic, while postponing the thorny nuclear issue; Rubio says 'will not tolerate' Iran control of strait Trump says peace could come via telephone rather than face-to-face meetings, also warning Iranian oil infrastructure could explode from within unless flow resumes;...

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...