Trump just posted that France refused to let U.S. planes loaded with military supplies for Israel fly over French territory.
He said hashtag#France has been "VERY UNHELPFUL" with the Iran war. "The U.S.A. will REMEMBER!!!" NATO is having a moment... Source: Mario Nawfal Truth Social
Midterm years have been notoriously weak for the stock market. But year three of the Presidential cycle has been extremely strong…
Source: Bespoke
Institutional investors are dumping US equities at a massive pace:
Investors sold -$9.3 billion in US equities last week, bringing the 6-week total to -$13.5 billion. This comes as sales of single stocks surged to -$8.3 billion, the 4th-largest since the Great Financial Crisis. Institutional investors led with -$11 billion in outflows. Meanwhile, retail investors remained sellers for a 2nd consecutive week. Hedge funds returned to buying at +$1.8 billion, but they have sold -$4.9 billion over the last 4 weeks. Professional investors are running to the exit. Source: Global Markets Investor
The recent net selling by hedge funds is the third largest over the last decade.
Talk about risk-off! When the dust settles there will be some great opportunities. Source: Markets & Mayhem @Mayhem4Markets
Trump Proposes 1-Month Ceasefire with Iran
Former President Donald Trump proposed a 15-point deal offering Iran major sanctions relief, civilian nuclear support, and reintegration into the global economy in exchange for dismantling its nuclear program, cutting ties with proxies, and reopening the Strait of Hormuz. The framework mirrors a pre-war offer, but Iran’s new leadership demands reparations. Key obstacles remain: Iran won’t fully halt enrichment, Trump rejects reparations, and ongoing regional military actions complicate the agreement’s implementation. Source: WSJ, Mario Nawfal, Jack Prandelli
U.S. Energy Ultimatum to Europe: Strategic Pressure for Long-Term Dependence
President Donald Trump demands Europe sign a $750B energy deal or lose U.S. LNG access. With supply constrained (Qatar offline, Russia absent, Norway maxed, prices up 35–50%), the U.S. dominates EU LNG (57%). Tensions with Iran spike oil, then ease to influence markets. The deal locks Europe into LNG, oil, and nuclear dependence by 2028, mirroring Russia’s parallel strategy in Asia.
The S&P 500 Technology sector is now trading below last year’s tariff-selloff lows.
As a result, Tech trades at a 21% discount to its 5-year average P/E ratio and 10% below its 10-year average, making it the most discounted sector in the S&P 500. Source: Duality Research @DualityResearch
Traders Turn Positive on US dollar for First Time This Year
Source: Bloomberg
