Markets
Markets
Markets
Oversold US Dollar?
Markets
Ice-Cold Inflation
What happened? Today's US Consumer Price Inflation release came out with a 0.1% month-to-month increase excl. Energy and Food, or an annualized 1.2%. While prices for some goods rose moderately due to the early tariff impact, the prices of many other components actually declined. This confirms
Markets
Is AI the White-Collar Shockwave?
What happened? Following the unveiling of Claude 4, Anthropic CEO Dario Amodei cautioned that up to 50% of entry-level white-collar positions could vanish instantly as LLMs become adept at coding, legal drafting, and basic research. Meanwhile, data show that US job postings for "junior analyst" positions decreased by
Geopolitics
Los Angeles Immigration Clashes Test Trump's Power
What happened? Federal agents conducting mass immigration raids in LA faced three nights of street battles with anti-deportation demonstrators. After ICE made over 100 arrests and protesters set fire to Waymo self-driving cars, President Trump bypassed Governor Newsom and deployed 2,000 National Guard troops to the city under Title
Markets
Labor Market Report: Good for Stocks, Good for Bonds?
What happened? The monthly US employment report was released this morning. Although the headline number showed that 139k new jobs were created in April, the report's details painted a different picture. Data from prior months was significantly revised downward. Along with other recent soft labor market indicators, such
Markets
Musk Torpedoes Trump's "Big, Beautiful" Tax Bill
What happened? Last night, Elon Musk launched an all-out campaign against the "big, beautiful" bill that passed the House and now awaits Senate approval, calling it a "disgusting abomination." While the extension of Trump's 2017 tax cuts is uncontroversial, the House GOP added a
Markets
No Inflation Rebound?
What happened? Recent analysis by the Harvard Price Lab, led by experts in inflation dynamics, shows that prices of goods at major US retailers have fallen again, defying expectations of a tariff-driven inflation rebound in the near future. Why does this matter? * The Fed is still on hold due to
Markets
BYD Launches Attack On Global Auto Industry
What happened? China's leading electric vehicle manufacturer, BYD, has slashed the prices of 22 electric and hybrid models by up to 34%. This includes the entry-level Seagull EV, which now costs just $7,780, almost 50% less than similar models offered by Western competitors. This move poses a
Markets
Jobs Data Indicate US Economy May Be Weaker Than Expected
What happened? Jobless claims data released today came in higher than expected for the first time in several quarters (240k vs. 230k). Continuing claims, representing those unemployed for more than six weeks, rose to the highest level since 2021. Jobless claims are the key lead indicator for the state of
Markets
Pushback Grows on Big Beautiful Bill
What happened? Yesterday in a CBS interview, Elon Musk criticized the "big beautiful" tax bill that was just passed by the House and is due to be voted on in the Senate. This is the first time he openly speaks out against the current administration. In addition, three
Markets
Bond Tantrum at Its Peak?
What happened? This morning, the House of Representatives passed the "Big Beautiful" tax bill by a one-vote majority. The Senate will consider it in the coming weeks and then turn it into law. In response, bond markets experienced another selloff, pushing the 30-year real rate to multi-decade highs.