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"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism
"Semi-Irrational Chase" Sends Futures To Another Record High, Oil Drops On Iran Optimism
The global market meltup is rolling on. US stock futures inch higher, but are off session highs, with oil falling for a third straight day as traders waited for updates on a potential US-Iran peace deal that would reopen oil flows through the Strait of Hormuz. As of 8:00am ET, S&P and Nasdaq futures were 0.1% higher, after the benchmarks notched back-to-back record highs. In premarket trading, most Mag 7 stocks were higher although Arm Holdings dropped 8% after...
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Aug 12, 2026 / Dave DeCamp
Trump Claims the US Has ‘Total Control’ Over the Strait of Hormuz and May ‘Keep It’
President Trump claimed on Wednesday that the US has “total control” over the Strait of Hormuz and may “keep it” despite Iran continuing to demonstrate its control of the waterway and engaging in negotiations with Oman on its future. “The USA has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! […]
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Jul 28, 2026 / Dave DeCamp
Poll: 49% of Americans Want Netanyahu Arrested During His Visit to the US
Nearly half of Americans want Israeli Prime Minister Benjamin Netanyahu to be arrested by US authorities during his visit to the US, according to an Economist/YouGov poll cited by the Israeli newspaper Haaretz. The poll found that 49% of Americans wanted to see Netanyahu arrested, including 74% of Kamala Harris voters and 23% of voters […]
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Aug 23, 2026 / Tyler Durden
Elon Musk's Huge Midterm Investment Widens GOP's Money Advantage
Elon Musk's Huge Midterm Investment Widens GOP's Money Advantage
Republicans already have a significant financial advantage heading into the 2026 midterm elections, but Elon Musk is preparing to spend up to $200 million to give them an even bigger boost. Wired reports that officials with knowledge of Musk's plans said the range could still change, and that he intends to direct much of that money toward voter-turnout operations in the cycle's most competitive races, with the Texas Senate contest emerging as a likely landing spot.
The Texas Senate race between Republican...
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