Futures Hit Record High As Oil Tumbles After Bessent Says Hormuz May "Reopen Tomorrow"

Jack Smith's Team Spied On 44 Lawmakers' Texts, Built A Case On Them, And Misled Congress: Grassley Former special counsel Jack Smith's investigators blew past the Justice Department's own privilege safeguards to directly access text messages between Trump White House officials and 44 members of Congress - then had the FBI match the phone numbers to lawmakers' names, according to DOJ records released Tuesday. Assistant Attorney General Patrick Davis told Senate Judiciary Committee Chairman Chuck Grassley (R-IA) in a letter accompanying the records that Smith's team "bypassed the Filter Team and...

Futures Flat Ahead Of Fed, Mag 7 Earnings Avalanche S&P futures are flat with Nasdaq outperforming ahead of a huge day for tech. Alphabet, Amazon, Meta and Microsoft, representing nearly 20% of S&P market cap, report after the close, with traders focused on capex. The group has a combined options implied move of more than $750 billion of market cap in either direction. As of 8:00am ET, S&P futures are unchanged; Nasdaq futures rise 0.3% amid dip buying following strong results from Seagate, after the index slipped more than 1% in...

A Golden Opportunity Just Appeared Authored by Matt Badiali via DailyReckoning.com, The headlines are screaming that gold is falling. And it’s true. The price dipped below $4,000 per ounce for the first time since November 2025. This seems backward. There are multiple wars going on in the world. Fuel prices are high. Gold is supposed to be the “safe haven” asset. Why isn’t it going up? Well, as analysts from LPL Financial, the largest broker-dealer in the U.S. said, gold is doing what it’s supposed to do. It’s acting as financial insurance. Analysts at giant...