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Brent is one thing, diesel prices is another ! / U.S budget : deficit $2trn in fiscal '26 / Macron is a spot of bother

sc0172
10 minutes ago
2 min read

  • Macron condemned “unbridled” violence, vowed an “uncompromising” response and said prefects and mayors would get powers to ban gatherings

  • Markets : U.S. budget deficit swells to almost $2 trillion for fiscal 2026, BOJ chief says underlying inflation 'quite close' to price goal, China’s economy grows 4.5%, Macron slams failures over protest unrest, European diesel prices are absolutely exploding... Diesel is trading at almost $193/barrel, while Brent crude sits at just $106, AI bubble debt crisis (the likes of SOFTBANK are rightly being marked down, 25% off last 2weeks..) >>> overall markets fairly muted to be honest 'on the surface', but a lot going on underneath, rates slightly softer, 10's UST 5.07%, after a pretty robust turnaround last week on the stronger inflation data, whatever the reasons, price action doesn't lie

  • U.S. debt interest payments hit $3 billion a day and jumped 8% in fiscal 2026 — faster than total federal spending, revenue and GDP growth

  • Bank Stocks have now dropped for 6 consecutive weeks, their longest losing streak since the Global Financial Crisis

  • AI Bubble hits 2nd largest concentration level in history, only behind the railroad mania of the 1880s











The GRID...as we often mentioned, the GRID is nowhere near ready for it to happen

















 
 
 

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