Five Below Plunges After Earnings Beat, Warns Consumer Boost From Tax Refunds Is Ending

Stellar 10Y Auction Stops Through Thanks To Surge In Foreign Demand After yesterday's mediocre 3Y auction, moments ago the Treasury held a stellar 10Y reopening (of cusip QQ7).  The sale of $39 billion in 9 Year-11 Month paper priced at a high yield of 4.538%, up from 4.468% last month, and 0.1bp through the 4.539% When Issued. This was the first stop through following 4 sequential tails for the tenor. The bid to cover rose from 2.402 to 2.565, well above the six-auction average and the highest since Sept 25. Internals were impressive:...

Iran Claims 80% Of Bombed-Out Areas Of Tehran Restored, Amid $270BN War Loss Compensation Demand Iran has been seeking to prove its unity and defiance to the world in the aftermath of the 38-days of heavy US-Israeli bombing it endured throughout the Trump-ordered Operation Epic Fury. Along with fast seeking to rearm and recover its missile capability after the bombardment which heavily targeted above and below-ground missile silos, it is also rapidly rebuilding bombed-out parts of the capital city Tehran. Getty Images In what sounds like a surprising and perhaps high estimate, about 80%...

The Odyssey And The Tiresome Woke War Against White Culture Authored by Brandon Smith via Alt-Market.us We’ve all heard the argument for most of our lives: “White culture doesn’t exist.” It’s perhaps the most common racial refrain because it’s the most socially acceptable to repeat. If someone said “Black culture doesn’t exist because black people all herald from different tribes…” that person would be browbeaten as a bigot by the woke mob. When it comes to white culture, such claims are applauded. The question is, why is it okay to diminish or...