This Is Only Fifth Time QQQs Gapped Down When Within 2% Of An All Time High

What Is the Trump Administration Really Trying To Do With The Latest Comey Indictment? On Tuesday, a federal grand jury in the Eastern District of North Carolina handed down a two-count indictment against the former FBI director James Comey, charging him with threatening the life of President Donald Trump and transmitting that threat across state lines. The basis for the charges: an Instagram post from May 2025 in which Comey shared a photo captioned "Cool shell formation on my beach walk." The shells on the sand spelled out "86 47." Each...

Ugly, Tailing 20Y Auction Prices At 2nd Highest Yield On Record; Would Have Been Highest If Bessent Hadn't Panicked After today's stunning announcement by the Treasury it was doubling the size of long-end buyback operations to boost liquidity in the space, many were closely watching today's 20Y auction - which is viewed as the proximal catalyst to trigger Bessent's panic as it was going to price at the highest yield in the history of the 20Y auction - to see how much demand there was for this key paper. As...

"Closing Time" On The AI Bubble Is Sooner Than Most Think; Ed Dowd Warns Iran War Brings Global Recession Closer Via Greg Hunter’s USAWatchdog.com, Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned at the end of May we could see “$250 a barrel oil and 11% inflation as a worst-case scenario in 2026.”  That didn’t happen... yet.  Dowd explains, “We had two scenarios when we talked last..." " One was the conflict would get resolved in the April – May time frame.  Oil would peak out around $125 (per barrel), and inflation would...