Earnings Drive Both Bull & Bear Markets

Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues Authored by Ed Dowd via 'Beyond The Narrative' substack, ...a delicate meal to cook before Midterms... My conclusions on the Bessent yen intervention: The move is a temporary Band-Aid at best and sharp yen strength can historically trigger carry-trade unwinds and risk-asset volatility, but it does not fix Japan’s structural debt or rate differentials. The Fed, BOJ and Treasury are walking a tightrope. Consensus is correct that the primary driver is preventing forced sales of Japan’s $1T+ UST holdings that would spike US yields. Expanding the...

Artemis II Astronauts Set For Historic Lunar Flyby: What To Know Authored by T.J.Muscaro via The Epoch Times, Astronauts are back in lunar space for the first time in more than 50 years. Artemis II’s Orion spacecraft, Integrity, crossed into the Moon’s gravitational influence at approximately 12:41 a.m. ET on April 6, officially making NASA’s Reid Wiseman, Victor Glover, and Christina Koch, as well as the Canadian Space Agency’s Jeremy Hansen, the first astronauts to enter lunar space in more than half a century. While they are not parking in lunar orbit or...

Meet The Investors In SpaceX Who Say Their Shares "Disappeared" Some investors who thought they had secured one of Wall Street's hottest trades, owning SpaceX before its blockbuster IPO, say the shares they expected to cash in on simply disappeared, according to the Wall Street Journal. The controversy centers on special purpose vehicles (SPVs), investment funds that promise accredited investors exposure to private companies before they go public. After SpaceX's June IPO, several investors who bought into SPVs managed by Late Stage Management say they were stunned to learn the underlying...