Tesla, SpaceX Tumble As Blue Wave Hits Texas, Putting Musk's Empire In Democrats' Crosshairs

Military Depoliticization, Hegseth, And DEI Authored by 'Cynical Publius' via American Greatness, As I read and hear the usual cavalcade of woke, retired Democrat generals and admirals like McRaven, McCaffrey, Franken, and others falsely claiming that Pete Hegseth is “politicizing” the senior ranks of the U.S. military, inside my head, I am screaming in rage at the impunity with which they spread this pernicious and wholly inaccurate falsehood. Hegseth is doing EXACTLY THE OPPOSITE as he depoliticizes our military’s ranks by eradicating the very most political doctrine to ever infect the U.S. military since...

US PMIs Lead The World As Manufacturing Tops 4-Year Highs, Services Sink Following Japan's ugly PMIs (Services lowest since March 2025) and Europe's disaster (weakest composite EU PMI since late 2023)... ...with prices surging... All eyes are on the US 'soft' survey data for signs of divergence (or contagion). With US 'hard' data improving notably, the preliminary soft survey data for May was mixed with improved performance in manufacturing was countered by a sluggish service sector. Flash US Services PMI Business Activity Index: 50.9 (April: 51.0). 2-month low. Flash US Manufacturing PMI: 55.3 (April:...

Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print Markets continue to trade with a risk-off bias this morning, with equity futures and macro credit weaker, rates selling across the curve, as the USD and oil sensitive currencies outperform. It’s set to be another ugly day for US tech stocks as US equity futures slide ahead of today's CPI print which will see headline inflation rise above 4% for the first time in 3 years (full preview here). As of 8:00am Nasdaq 100 futures are down 1.5%...