Einsteinian Insanity, The Chicken Dance, And An Autumn Market Top

But we would caution that you have now run out ahead of your fairy godmother…

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Geopolitics! Won At 4-Month Low, Lira Sinks, Trump Says ‘Very Severe’ Shit Is Goin’ Down

Well, the won is at four-month low against the dollar on Thursday because, well, because a mushroom cloud over Seoul isn’t an entirely far-fetched proposition. “The won is under pressure as it appears North Korea is getting closer and closer to its nuclear program and that is causing tension and apprehension in the Korean peninsula,”…

Crude Crashes Abruptly, North Korea Vows More ‘Good-Looking Boys’ For ‘American Bastards’

We just hit technical levels that were a bridge too far at this stage. That’s from Ole Hansen, head of commodity strategy at Saxo Bank and he imagines that largely explains this: One-minute volume on Brent jumped to ~2.8k lots at 9:52am in London and WTI dropped by a similar amount on one minute volume of 4.6k lots. We’re blaming that…

Fireworks: North Korea Launches “Anywhere” ICBM, Trump Ponders “Heavy Move,” Central Banks Ahoy!

There’s never a dull moment in a world that’s lost its mind. North Korea celebrated July 4 by launching what Pyongyang says was an intercontinental ballistic missile. The projectile, fired from the country’s western coast at 9:39am local time, flew for about 40 minutes and crashed landed into Japan’s EEZ. According to an “important announcement” (that’s…

Traders Be Like “WTF?!” As Trump Is Desperate Despot, Nuclear War Beckons

So the elephant in the room is clearly Donald Trump’s decision to fire FBI Director James Comey who is (wait, “was”) conducting an investigation into the administration’s ties to Moscow. There’s also the imminent threat of another nuclear test from North Korea but, in a testament to how surreal the geopolitical picture has become, “nuclear war”…

It’s Too Quiet: Except For China. And South Korea. And Collapsing Metals.

It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there at a precarious time. Here’s a deliberately deadpan rundown: Turns out the former president – Park Geun-hye – was bribing people and abusing her power and shit like that. She’s in jail and apparently is refusing to vote. So that’s fun. Turnout is…