Israeli Strikes Kill 16 Palestinians in Gaza Over 48 Hours

Canada's Oil Patch On Track For Biggest M&A Wave In A Decade Authored by Alex Kimani via OilPrice.com, Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor of higher margins in U.S. shale oil as well as environmental concerns amid the ESG investing craze. To wit, Shell Plc (NYSE:SHEL) sold the majority of its oil sands interests to Canadian Natural Resources Ltd. (NYSE:CNQ) in 2017 a transaction valued at roughly $11.1 billion CAD ($8.5 billion USD),...

The Early Signs Of A Massive Market Rotation Submitted by QTR's Fringe Finance I wanted to take a moment after this week, as the market continues to show signs of weakness, to revisit what is increasingly coming into focus as a potential strategy heading into next year. Most of my regular readers know that roughly two months ago, I laid out my expectation that the AI bubble could begin to unravel within the following six to ten months. Since then, we’ve started to see some meaningful cracks emerge, with selling pressure spreading...

Rate-Hike Odds, Bond Yields Explode Higher After Hotter-Than-Expected CPI Expectations were for a hot headline and cool core heading into this morning's most-watched macro signal from CPI with the October FOMC decision on the line. FedSpeak has clearly pushed the market to back away from a hawkish view, today's data may force a change. Headline CPI did indeed come hot in September - but as expected - at +0.6% MoM, which pulls it up 3.7% YoY (hotter than the 3.6% YoY exp)... The index for gasoline rose 9.1% in September, accounting for over...