Futures Slide Ahead Of "Pivotal Week" With Nvidia Earnings. Warsh Speech On Deck

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

Musical Chairs By Molly Schwartz, cross-asset macro strategist at Rabobank Yesterday, Trump spoke with Xi in Beijing. While markets kept a watchful eye on any headlines about the war in Iran, palates were left dry as only tepid announcements dripped out, such as that China “offered help” on Iran and “pledged not to send weapons.” What they did not manage to evade was a conversation about Taiwan. During the two and a half hour conversation with Trump, Xi underscored that US intervention in Taiwan could trigger a “highly dangerous situation.” While...

"The Polycrisis Of 2026 Whirls Like A Demon-Infested Storm Overcoming This Human Project..." Authored by James Howard Kunstler, Struggle session “. . .there is no saving the Left. There is only saving America from them.” — Sasha Stone The polycrisis of 2026 whirls like a demon-infested storm overcoming this human project of ours like a medieval panorama of the world’s end. Everything is fraught, tilting toward hazard, menace, ruin. Even under a summer sun, the mind sees only darkness everywhere it looks. Apocalypse now, it seems like. You almost can’t blame the doomers, the black...