$200 million since the verdict...
Source: Leading Report
Funny...
Source: NBC News
BREAKING: RFK JR. SHAKES UP PRESIDENTIAL RACE
Robert F. Kennedy Jr. has accepted the Libertarian Party's presidential nomination, introducing a dynamic twist to the upcoming election that could disrupt the prospects for both Trump and Biden. This move puts RFK on the ballot in enough states to theoretically secure the 270 Electoral College votes necessary for a presidential victory. Kennedy's decision was announced during a contentious moment at the Libertarian Party convention, where he was nominated unexpectedly. Trump and Biden's campaigns are reportedly uneasy about Kennedy's candidacy, fearing it could siphon crucial votes in a tight race. Kennedy has positioned his campaign as a fusion of third-party and independent voters to challenge the traditional two-party system. Source: Daily Mail thru Mario Nawfal
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash.
But as always, things should be put into perspective: Iran has raised oil output over the last few years, with majority of exports going to buyers in China. Output is now >3mln bbl/d, the highest since 2019, making it the 3rd-biggest producer among OPEC members. But there are questions about how much higher Iran can take production considering capacity constraints. (BBG) Source: HolgerZ
FREIGHT RATES ARE RISING AGAIN
"No news (out of Gaza) is bad news for Shipping-flation Freight rates out of China are rising rapidly again and we are likely to see the pass-through to goods-flation in the West already in May/June". Source: Andreas Steno Larsen
We've seen a pretty big move in Presidential betting odds over the last week
Trump now holds a 6.3 point lead on Biden and Republicans are now on top in the generic head to head. From @maximlott at https://lnkd.in/dT6EHQvp thru bespoke
A new set of polls reveals that Donald Trump is leading President Biden in five out of six critical battleground states
as young and non-white voters grow increasingly dissatisfied with the current president. Source: www.zerohedge.com, FoxNews
Sell in May and go away? Not in election years…
History shows that the mid-May to mid-June seasonal period is very strong during election years. Source: David Marlin, Goldman Sachs
