Hey, Germany... It's Legitimate To Limit Immigration

State Department Issues "Worldwide Caution" As US-Iran Tit-For-Tat Spirals Into Regional Crisis Summary State Dept. Issues Worldwide Warning  CENTCOM says two US troops killed in Iranian attack on Jordan base. Iran formally suspends MoU with the US, declaring agreement is over & commitments will no longer be fulfilled. Fighting escalates into seventh strait day of heavy bombings. Iran reportedly struck a US base in Saudi Arabia for the first time in four months. US strikes disrupt southern Iran's telecom network, knocking out 116 communication towers amid new infrastructure war. Iran pounds Kuwait's energy infrastructure, damaging power &...

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...

Futures Rise Ahead Of Closely Watched Jobs Report US futures grind higher in a European session devoid of newsflow ahead of nonfarm payrolls. As of 815am ET, S&P futures rose 0.2% while Nasdaq futures gained 0.4%, with some of yesterday’s beaten up tech names such as Sandisk and Western Digital getting some reprieve in the premarket. Asian stocks swung between a loss of as much as 0.5% and gain of 0.4%. South Korea’s Kospi declined as much as 2.2% before paring the loss; the index was headed to its seventh...