evening wrap

market vibes

“If at first you don't succeed, then skydiving definitely isn't for you.” Steven Wright

500 Marines from the 2nd Battalion, 7th Marines at Twentynine Palms, California, were placed on "prepare to deploy" status by Hegseth today. Speculation is swirling around social media that Trump may invoke the Insurrection Act of 1807. Meanwhile, the state of California is suing the U.S. for sending 2,000 National Guard troops to LA. La Presidenta Sheinbaum said, “Los Angeles wouldn't be what it is without Mexicans.” True that Señora..

To think I rode my little 24” balloon tire bike 3 miles to school and home every day in Pasadena… when I was 9 years old.

In the markets

A quick check down tonight, illustrating the vast differences between fixed price regulated markets like equities, fixed income, FX and their polar opposities like silver and platinum. Gold… the sleeping giant is sleeping. And …14% of the US economy is in free fall in the vibe.