Breaking
PBOC: TO LOWER RRR BY 50 BPS TO CUT POLICY RATE BY 10 BPS TO CUT STRUCTURAL MONETARY POLICY RATE BY 25 BPS TO CUT PERSONAL PROVIDENT FUND LOAN RATE BY 25 BPS. TO INCREASE THE CAPITAL MARKET SUPPORT TOOLS QUOTA TO 800B YUAN.
🚨Two nuclear powers are now at WAR, as Pakistan launches retaliatory strikes against India after India’s initial attack
➡️ India says it has targeted 9 Pakistani terror camps in Pak occupied Kashmir using standoff missile strikes as part of Operation Sindoor
BREAKING: Treasury Secretary Scott Bessent says he will be meeting with Chinese officials in Switzerland to begin trade talks with China.
Bessent went on Fox News to break the news. "So, we will meet on Saturday and Sunday..."
Warren Buffett now owns an astonishing 5.1% of the entire U.S. Treasury Bill Market 🚨🚨🚨
@barchart
The White House is considering an executive action to speed up the development of nuclear reactors…
$OKLO is soaring on the news, went from flat on the day to up 6% 👀 ➡️ Oklo Inc. is a Santa Clara, California-based advanced nuclear technology company founded in 2013. The company focuses on designing and deploying compact fast reactors, specifically the Aurora powerhouse, to provide clean, reliable, and affordable energy. These reactors, ranging from 15 to 75 MWe, use high-assay low-enriched hashtag#uranium (HALEU) and recycled nuclear waste as fuel, offering inherent safety features like self-stabilizing and self-controlling mechanisms. Oklo aims to sell power directly to customers, including data centers, industrial sites, and defense facilities, through power purchase agreements. Source: Stocktwitt, Grok
Who will be right?
BoA hedge fund clients around record low (to 2008) 4-wk net buying flows. Institutions also have been big sellers, while retail at record highs. Neil Sethi @neilksethi
US power demand
@zerohedge
JUST IN 🚨
Hong Kong Dollar Funding Cost plunges by largest amount since the Global Financial Crisis Source: Bloomberg, Barchart
