Strait Talk

China's "National Team" Dumped ETFs In Q1 To Cool Overheating Market For years, and especially after the local stock bubble burst in spectacular fashion a little over a decade ago, China's "National Team" - a polite euphemism for the country's Plunge Protection Team - could be relied upon to step in and provide a lending hand - or rather buying hand - to stabilize stocks in the nick of time. Well, it may be time to rename it to the Surge Protection Team According to Bloomberg, China’s “national team” has...

Gunfire Erupts Inside Philippine Senate As Former 'Drug War' Enforcer Evades International Arrest Warrant At least a dozen gunshots rang out inside the Philippine Senate building in Manila earlier on Wednesday as police and marines moved to arrest Senator Ronald "Bato" Dela Rosa on an International Criminal Court warrant for alleged crimes against humanity linked to former President Rodrigo Duterte's brutal war on drugs, a campaign that left more than 6,000 suspected drug dealers dead in operations. Reuters reports that it is unclear who fired the burst of shots inside the...

Aramco CEO Says Energy Market May Not Normalize Until 2027 Amid Billion-Barrel Supply Shock From the Trump administration's recent Project Freedom push to mounting warnings from Wall Street analysts, security experts, energy strategists, and major oil company executives, there is a growing sense that the global energy market is quickly approaching a breaking point due to the heavily disrupted Strait of Hormuz. There was good news over the weekend, as a Qatari LNG tanker transited the Hormuz chokepoint. However, a second tanker from the energy-rich Gulf country abruptly made a U-turn...