Support the Troops: Bring Them Home!

FundStrat's Newton: Why Not Replace The FOMC With AI? Short of abolishing the Fed (much preferred), would automating the Fed make more sense than the current system? Should we trust Kevin Warsh, Jerome Powell, and Lisa Cook to read the tea leaves each month and decree rate changes for us commoners?  That was Fundstrat's Mark Newton’s suggestion during last night's ZeroHedge debate on his H2 market outlook. He pointed out the new chair’s plan to eliminate “forward guidance”, a term invented under the previous chair Powell in which the Fed strategically...

Hungary Returns Ukrainian Bank Cash & Gold Seized During Election Campaign Authored by Thomas Brooke via Remix News, Hungary has returned money and valuables belonging to Ukrainian state-owned bank Oschadbank after authorities seized the shipment earlier this year while it was being transported from Austria to Ukraine. Ukrainian President Volodymyr Zelensky announced the return on Telegram on Wednesday, saying the assets had been seized by Hungarian special services in March, a move he claimed had been unjustified. “Today, the funds and valuables of Oschadbank, seized by Hungarian special services in March of this...

Nike Turnaround Falters As UBS Says There's "No Reason To Buy" Stock Nike shares fell 3% in premarket trading after the struggling athletic apparel giant warned on its earnings call that revenue declines over the next two quarters will be worse than previously expected, underscoring that there is still no immediate turnaround to halt a multi-year bear market that has driven the stock to decade lows. "We are not expecting the environment to improve meaningfully over the next six months," Nike's outgoing CFO Matt Friend told investors on Tuesday evening. Customers...