It's Not Iran Trapping Ships In The Hormuz, It's The Insurance Risk

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...

Universities Could Lose Foreign-Student Certification Over Internship Rule Violations, Trump Admin Says Authored by Kimberly Hayek via The Epoch Times, President Donald Trump's administration has issued a memo to universities aimed at restricting certain internship work authorizations for international students. Officials cautioned that schools failing to comply could have their certification to enroll foreign students revoked. A student walks toward Royce Hall on the campus of University of California at Los Angeles (UCLA) on March 11, 2020. Robyn Beck/AFP via Getty Images The memo, which is dated Aug. 24 and issued by the...

Yemen’s ruling Ansar Allah party is considering imposing a toll on ships passing the southern gate of the Red Sea.  Reuters reports that regional sources say Ansar Allah is moving towards imposing a fee for ships transiting the Bab al-Mandab Strait. The waterway linking the Red Sea and Gulf of Aden is just 18 miles […]