23 Jun 2025
In case you missed it... here's another potential source of inflation
Source: Charlie Bilello
23 Jun 2025
Who is right?
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23 Jun 2025
GS: China Is the Main Destination of Strait of Hormuz Oil Flows
Source: Mike Zaccardi, CFA, CMT, MBA
23 Jun 2025
⚠️True US Dollar bear markets are usually 20-40%:
1970s (-30%) - End of Bretton Woods (USD delinked from gold) 1980s (-40%) - Plaza Accord (G7 nations devalued USD to reduce trade deficits) 2000s (-30%) - Post-9/11 policy shifts, Fed rate cuts The US Dollar is down 9% YTD.
23 Jun 2025
MIGA (Make Iran Great Again)
Source: Not Jerome Powell
23 Jun 2025
⚠️Middle East oil shipping costs are SPIKING:
Persian Gulf-Japan tanker rates hit $55k/day, the highest in over a year, while East Africa routes hit $40k, a multi-month peak. Costs doubled in 2 weeks amid the Israel-Iran conflict.
20 Jun 2025
The US fiscal deficit is projected to hit a MASSIVE 9% of GDP by 2034.
Such deficits have never occurred outside of major crises and wars. This projection also assumes no recession and lower interest rates than currently. Source: BofA, Global Markets Investor, Moody's
20 Jun 2025
Happy Friday
Source: Vala Afshar
