The Market Keeps Escaping: Private Credit, Real Risk, and the Infinite Regress of Financial Regulation

"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...

Israeli attacks in Gaza killed at least 19 Palestinians and wounded 43 over the past three days, according to Gaza’s Health Ministry, as the IDF continues its constant violations of the US-backed ceasefire. Israeli attacks have also significantly increased in Gaza since the US and Israel halted attacks on Iran under a very fragile ceasefire. […]

Ken Griffin "Doubles Down On Miami" After Mamdani's "Creepy And Weird" Video Vilifying Him Ken Griffin said New York Mayor Zohran Mamdani’s push for higher taxes on second homes has reinforced Citadel’s commitment to Miami — and even led the firm to scale up its planned headquarters there, according to Bloomberg. Speaking Tuesday at the Milken Institute Global Conference, Griffin said Citadel decided to enlarge its Miami office project after Mamdani publicly referenced his $238 million Central Park South penthouse while promoting a new pied-à-terre tax proposal. “We went to Miami and...