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Iran says Hormuz deal close but US must meet commitments before strait reopens Saudi Arabia is bracing for attacks on ports and airports by Iraqi militias working with Iran-backed Houthi rebels, a Saudi official told CNN, then again Iran says US & Israel cant use Straits of Hormuz ...it's still a bit up in the air.. WTI sub $80 though, markets seem not to be bothered.. Markets : The S&P 500 is now up more than 100% since Michael Burry told people to sell in January 2023...eventually it'll be right, one day..‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts, Global gold ETFs added $3 billion in July, reversing two consecutive months of outflows, The Fed is not going to hike, says Morgan Stanley’s Ellen Zentner, technically, USDJPY needs to go well below and stay below 200dma to worry any long-term carry trades (levels sub 156 JPY ideally), PM's definitely put a big base in last 2months, strong rally of lows.. Just three companies, Amazon, Alphabet and Meta, have already sold nearly $170 billion of investment-grade bonds so far in 2026, dwarfing last year's total tech issuance: Bloomberg. And they keep issuing, with Alphabet today looking to sell an additional $25 billion of bonds China’s exports growth beats estimates in July, as AI-driven shipments surge Apparently everyone is long and leveraged up... >>> and yet... S&P 500 sees "record" call option buying When gold goes up you will read on X it’s due to physical demand (russia, Korea and few others last few days news).. when it goes down it’s paper selling US court granting an eleventh-hour attempt to prevent the disclosure of the financial performance of the US president’s companies Live updates: Iran says Hormuz deal is close but US must meet commitments before strait reopens | CNN US Treasury's Bessent: Reasonable for Fed to consider upsizing FIMA PUT simply......The US Treasury is printing dollars and buying US Treasury bonds from the Japanese. So the Japanese are in effect dumping US Treasuries but the US is managing the dump by printing dollars and absorbing the bonds. It’s clever - it’s also a little bit desperate >> It’s a version of Open Market Operations, done daily if bond auctions fall short, using FIMA facility that was created in 2022 (back then no treasuries were sold for those reasons)... US Treasury Secretary Scott Bessent suggests Federal Reserve could consider raising FIMA liquidity facility Fed's Warsh to stick with scaled-back communications - report | Seeking Alpha Kevin Warsh Opens Door to Surprise Fed Move ‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts Bonds, Dollar Weighed Down by Washington Policy Decisions - Bloomberg The Fed is not going to hike, says Morgan Stanley’s Ellen Zentner Traders on Kalshi say it's likely S&P 500 will hit 8,000 in 2026 Treasury Secretary Scott Bessent on X: "A familiar act of mainstream media sophistry: work backward from a partisan verdict and then call the result analysis. The truth is wages are up for Americans across the distribution, but importantly earnings growth for Main Street workers at the 25th earnings percentile was https://t.co/EggVS98OwC" / X China's exports growth beats estimates in July, as AI-driven shipments surge Pentagon’s Secret Panic After Furious Trump Call Revealed Canadian Prime Minister Mark Carney Mocks Trump After Teleprompter Glitches During News Conference US federal judge halts order for Trump to turn over financial records to BBC | Donald Trump | The Guardian This sounds a lot worse than published.. Plane near drone found at German airport was carrying ammunition, media reports say | Reuters Republicans vote to hold Anthony Fauci in contempt of Congress as Democrats blast ‘McCarthy-esque’ hearing | The Independent Asia turns to gold in structural wealth shift - The Banker Hedgeye on X: "Global gold ETFs added $3 billion in July, reversing two consecutive months of outflows https://t.co/WOfJlmpjfL" / X Bitcoin party is over, much bigger selloff coming, says Peter Schiff - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more caviat : he would say that...

PM's had a great week finally moving off the lows, base formation (The Bank of Korea is set to buy physical gold for the first time in 13 years, per Reuters, From August 7, the Ministry of Finance of the Russian Federation will increase the purchase of currency/gold to 6.5 billion rubles per day #GOLD ), Asia's largest gold ETF (Huaan Gold ETF of China) saw net inflows for 16 consecutive days! Treasury Secretary Scott Bessent One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed, touching a nerve somewhere..will be interesting to read how the 'journalists' respond when doing their annual review on Bessent and Trump...won't be pretty... Markets : SpaceX lock up ends today, crude WTI around $80, 10's UST 4.61%, JPY giving back a bit of gains, USD near 6 week lows (positioning still long), BTC 65K ? (chart below), It's time to raise rates, cautions Minneapolis Fed President Neel Kashkari, More than 4 million S&P 500 call options traded on Tuesday, the most in history (Casino Royale..), Yuan hits strongest level against the U.S. Dollar since February 2023, Copper hits new ATH's, overall markets pretty happy to giddy up in the summer heat ! though as usual some decent vols underneath it all..stay focused ! WSJ : The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing US refunds $100 billion in tariffs struck down by Supreme Court, filing shows Big US hedge funds targeted by wave of cyber attacks. Point72 and Citadel among firms hit by audio phishing schemes Britain’s national debt said to top £3tn "Market leverage is pretty high," JPMorgan Chase CEO Jamie Dimon SpaceX Won’t Destroy Telecom—It Will Just Reinvent It US refunds $100 billion in tariffs struck down by Supreme Court, filing shows | Reuters Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets - WSJ The Ministry of Finance will increase the purchase of foreign currency in August: the volume of transactions, reasons, impact on the exchange rate Google is expanding its AI empire — and losing the people who built it Big US hedge funds targeted by wave of cyber attacks China reports slight increase in gold consumption - Chinadaily.com.cn The China Gold Association has released that gold production in the first half of the year decreased by 14.62%, while total demand increased by 1.23%, with investment demand growing by 28.42%. China is the world's largest producer of gold. JPMorgan's Dimon Warns of High Market Leverage Risks - Business Insider You bet it is.. SpaceX Won’t Destroy Telecom—It Will Just Reinvent It - Barron's SightBringer on X: "⚡️The Bank of Korea is set to buy physical gold for the first time in 13 years, per Reuters. The central bank plans to hold the gold domestically, rather than storing it at the Bank of England, marking a notable shift in its reserve strategy. This is much bigger than South https://t.co/vnkEYCeUfP" / X What Leopold Aschenbrenner’s Fall Says About This Overleveraged Market - Barron's Britain’s national debt said to top £3tn BTC 65K ? Barchart on X: "Bitcoin $BTC - 3rd time is the charm? https://t.co/aAiZDYKOnj" / X Farage’s popularity is plummeting. In Clacton, voters are losing faith

Markets : JPY : Washington isn't defending the yen. It's defending its own bond market (thread), Texas halts new data centers as governor calls for audits, FED's Warsh talking about fewer central bank meetings to reduce market dependence, for equity markets it'll be THE Perfect Storm, with a 3months 'ceasefire' into mid-terms... (together with Bessent's interventions in JPY, see PM's rally again etc..slightly softer USD overall...and less of a chance of a hike in Sep JPY : Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt $8.3 Trillion is now sitting in money market funds, an all-time high France wildfires reveal hundreds of WW2 shells in village U.S.-Iran deal to open Hormuz could come Tuesday or Wednesday: Bessent because... US supply of long-range missiles, THAAD interceptors nearly exhausted: Reports Monetary Policy Perspective: Keeping an Open Mind Live US Debt Monitor Live, check it out ! it's very cool and useful, debt auctions results, levels etc Jeffrey Gundlach on Channel 11: So Much Said, So Little Heard Capex Is Just the Tip of the Iceberg for Big Tech - Barron's Nic on X: "First the US bought yen. Now the Treasury wants the Fed to pay for the defence. What's happening: - Friday: the US bought yen with Japan, first time since 1998 - Sunday: Bessent publicly asked the Fed to upsize its foreign repo facility - Monday: Japan said it will draw that" / X U.S. doing ‘whatever it takes to support’ Japan as Yen plummets: Bessent - National | Globalnews.ca JPMorgan says S&P 500 can defy inflation - TheStreet SpaceX's first-ever earnings show higher revenues and huge spending Japan warns Russia-North Korea axis raises regional security threat - Nikkei Asia DRAM Supply to Remain Tight in 2027, Prompting NVIDIA to Lower HBM Configurations for Rubin Ultra, Says TrendForce Texas halts new data centers as governor calls for audits | TechCrunch FICO says high rates still holding back mortgage volume - TheStreet Elon Musk has blunt response to Mamdani's grocery discount plan - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more France wildfires reveal hundreds of WW2 shells in village

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