Israel-Iran situation escalating / Crude the tell / HF record Eq buying in May / PLTR / Trump : Powell is 'numbskull'

Stéphan
Jun 13
3 min read

Markets : Israel launched strikes against Iran overnight, that escalated swiftly...every commentator on TVee will become an expert on the situation now! No point speculating, uncertainty likely to remain high for a while... Equity market top confirmed, SPX 6K+ and equivalent, on valuations! the trigger for correction is now here, with Crude up nearly 10%, chances of a FED cut has diminished now (Trump called Powell 'numbskull' yesterday), he will keep having a go no doubt.. Bonds having their days again (slowdown growth-stagflation again then..), reduced risk, no need to be too brave in all this, USD may show some strength short-term again (slightly oversold, USD demand on further risk-off possible too), and we have Trump's parade to look forward to this weekend
Crude Oil could soar to $130 in a "worst-case" scenario, warns JP Morgan
DoubleLine’s Gundlach has cut his allocation to speculative-grade credit to the lowest since his firm was founded. He sees elements of 1999 and 2006-2007 in today’s markets, and said longer-term US Treasuries are no longer risk-free investments/Video below
Hedge funds bought a record amount of global equities in May, according to Goldman Sachs >>> short-covering done, smalls new highs , momentum fails and now markets under pressure....
Wall Street economists expect inflation measures to rise to the mid to low 3% range by the end of the year The outlook for 2026 is more interesting. Some have inflation back to 2%, others have it closer to 3%
US Treasury Secretary says that in two decades the Ukrainian economy will be larger than the Russian. Bessent: I think that would provide a very strong deterrent for whomever is running Russia then
U.S Continuing unemployment claims keep moving higher reflecting softening labor market >>> 4 week moving average initial claims making two year highs
China ready to drop all tariffs...on African imports...not too surprised there!
Using #PLTR currently has a $360B+ market cap on $3.1B revenue and $0.57M in net income.... totally justifiable...
Merz : no diplomatic resolution to peace talks with RU, therefore, we are doing now what have previously announced. There will be more sanctions
'Too much bureaucracy,' Reeves tells regulators
Trump suggested car tariffs could go higher soon as "The higher you go, the more likely it is to build a plant here.”