Futures Rise, Just Under Record High Ahead Of PPI Report

Pimco's Top-Performing 60/40 Fund Bets AI's Next Winners Are In Asia, From Chips To Rare Earths Emmanuel Sharef, who oversees Pacific Investment Management Co.'s flagship Balanced Income and Growth Fund, spoke with Bloomberg about how the next leg of the artificial-intelligence boom could be concentrated in Asian stocks and beyond.  Wealthy clients in Taiwan, Hong Kong, Singapore, and mainland China have been piling into the $19 billion fund, which has outperformed 97% of its peers during the past three years. The fund is underweight most hyperscalers and members of the Magnificent Seven...

US Home Prices Are Rising At Their Fastest Pace In A Year Following its unexpected rebound in May (from three months of declines), US home prices in America's 20 largest cities were expected to rise again (+0.1% MOM) in June (according to the latest data from S&P Cotality Case-Shiller). Instead prices actually accelerated more, up a sizable 0.24% MoM, pulling home prices up 2.1% YoY - the fastest acceleration in a year... “Seasonal factors continue to support monthly price growth," said Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices. "Because...

Preparation For Martial Law? Europe To Recruit Migrants For "National Defense" Europe's lack of military readiness has become painfully obvious in recent years, due largely to the war in Ukraine as well as the Trump Administration's efforts to force NATO members to fulfill their basic obligations.  Specifically, Russia's successful use of attrition tactics against NATO supported forces in Ukraine has exposed a significant weakness in western military doctrine. New and cheap technologies (including drone technologies) are making large scale maneuver warfare obsolete.  The era of super-weapons dominating the battlefield with minimal manpower...