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Trump invokes Defense Prod Act for energy infrastructure / GOLD 8K target / Warsh / Wed evening new exp for a deal!

  • sc0172
  • 3 days ago
  • 3 min read

  • Iran update : All happening in Islamabad again, Trump aims to seal Iran deal, says truce extension unlikely, just got extended by 1 day.. (who to trust, what to believe in this giant poker game..stop posting silly stuff on truth social perhaps ?..), JD Vance will lead the US delegation, new deadline is Wed evening DC time, FWIW >> as it turns out, it doesn't take much to hold a $100+ trillion global economy at risk...

  • Trump: I have declared a national emergency under Executive Order 14156, and I further determine that action to expand the domestic petroleum production, refining, and logistics capacity is necessary to avert an industrial resource or critical technology item shortfall that would severely impair national defense capability. Therefore, pursuant to section 303(a)(7) of the Act, I waive the requirements of section 303(a)(1)-(a)(6) of the Act for the purpose of expanding such capability

  • Markets : Datacenters are now 7% of total U.S. power demand, Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence, Tim Cook steps down in the summer after 15years as CEO >>> FWIW, still believe Trump does some fort of deal Very similar to the initially agreed JCPOA, now Iran has the upper hand, so they will want more out of it.., only trouble is, a lot is now priced into this scenario and there is always a risk it all goes wrong and Trump losses his rag !!..

  • Japan to ban local govts from using Chinese IT products - Kyodo (in response to Toyota's CEO article yesterday)

  • The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low. We've never seen a gap this wide between Wall Street and Main Street..who's right ?

  • Behind Trump's public bravado on the war, he grapples with his own fears - WSJ

  • Saudi Arabia’s sovereign wealth fund reins in spending as cash strains force cuts to mega-projects and high-profile global investments

  • Goldman Sachs on stocks/economy: "Relative to the pre-war period, we expect lower growth, higher inflation, higher long-term oil prices, and somewhat higher policy rates, at least in the near-term. Rising earnings expectations have also lowered US equity valuations. This makes the outlook less cyclically supportive but more tech-friendly than early in the year and favors assets on the right side of the terms-of-trade shock."

  • #XAUUSD who bought the most GOLD?... 7 Thread, Wells Fargo is predicting gold could soar to $8K per ounce by next year

  • Russian economy is faltering despite oil windfall, Sweden warns

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In this damning piece, the WSJ explains how Trump’s war with Iran has become deeply personal: public bravado, private anxiety; tactical strikes, strategic drift; dramatic threats, improvised diplomacy, using insults as a tactic to bring Iranians to the negotiating table and screaming at aids. Constant desire to change subjects. Being angry at allies. Even his threat to destroy Iranian “civilization” was made without prior coordination with his national security team. A series of miscalculations. This is a portrait of a commander driven less by strategy than impulse, optics, and fear of failure. This is very disturbing.
















 
 
 

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