"We've Burned Through All Buffers": Oil Traders Warn Market Running On Fumes

Steve Eisman: What If OpenAI Actually Fails? Steve Eisman has spent most of the years since the financial crisis being asked, in his words, to predict the end of the world. In his latest weekly wrap - recorded Thursday night as the 10-year brushed 4.8%, he says he's still not there on AI, but if he were - he lays out exactly how it would happen. Eisman is not predicting that OpenAI fails - but it is the weak link in a chain that runs from two money-losing labs, through hyperscaler capex, to roughly half...

Futures, Gold Jump As Yields Fall Despite Surging Oil As Recession Fears Surpass Inflation Concerns Futures are higher despite continued Iran war escalation which pushed Brent higher by around 2% after Iran-backed Houthi militants in Yemen joining the war on Iran’s said, bouncing from overnight lows which may be driven by positioning, but also by a major shift in the regime with oil now rising instead of falling on higher oil prices as the market pivots to price in not inflation but recession (and look at the spike in gold/bitcoin...

"Stocks Should Go Up, Not Down": Trump Rages At Market Reaction To 'Great' Jobs Report Global capital markets are a mess following this morning's hotter than expected rise in US employment. Nasdaq is down 2%... Yields are spiking dramatically... The dollar is rampaging higher... And Gold (and bitcoin) are getting clubbed like a baby seal... All of which prompted President Trump to exclaim that "stocks should go up, not down" on the back of a strong jobs report: It appears the President has not been watching for the last couple of decades as The Fed has...