Iran Fires 20 Missiles at US Base in Jordan, US Destroys Five Iranian Tankers

Will Today's British 'Midterms' Spark 'Starmageddon' For The Labour Party? All eyes on UK local elections (Britain's 'Midterms') today. As JPMorgan's Market Intel desk noted this morning, while the seats up do not influence national policy, Brits have historically used local and regional elections to punish the party in power in Westminster. Reform UK is expected to come out as the main beneficiary of the elections, with Labour the biggest loser. The key risk is that Labour’s poor performance causes MPs to push Starmer out in an attempt to improve the party’s standing ahead of...

Gunman's Manifesto Reveals Trump Admin Target List: "Prioritized From Highest-Ranking To Lowest" Update:  Shooter's Manifesto explained about Trump admin target kill list. He wrote, "prioritized from highest-ranking to lowest" ...  Shooter's intent was to Target Trump & admin officials  Shooter donated to "Harris for President" via ActBlue  Shooter apprehended and taken into custody. Carrying shotgun, handgun and several knives.  The shooter has been identified as Cole Tomas Allen, 31, of Torrance California No injuries to Trump or any guests.  Incident near lobby magnetometer screening. Trump praised Secret Service rapid response. Shooter's Manifesto  CBS News' Jennifer Jacobs has confirmed that the WHCA dinner...

The Weak Dollar Narrative Authored by Lance Roberts via RealInvestmentAdvice.com, We have spent a lot of time over the last year debunking “narratives,” which are dangerous to investors, as “narratives” create a rationalization for overpaying for assets. Nonetheless, Wall Street loves a simple story and is happy to jump on a trend with momentum, selling products to unwitting consumers. A good example of that lately has been the “weak dollar” narrative, which has pushed investors to chase foreign assets. The negative correlation between a weak dollar and rising international stock exposure appears to be a free return. Unsurprisingly, the...