...as distillates stocks plunged (cold weather demand?) by the most since March 2021

The 10 year takes out the trend line that has been in place since September.

Apple receives billions of dollars in revenue from Google, which might get impacted based on the court’s decision...

...but both input costs and output prices rose at faster rates.

“This is worse than 9/11 for Democrats”

“Until the debt limit is suspended or increased, debt limit-related constraints will lead to greater-than-normal variability in benchmark bill issuance and significant usage”

Since last Friday’s close, you’d be in best shape if you were long gold...

...not a good sign for Q4 GDP...

The Federal Highway Administration issued the rule in 2023.

...a strong start to 2025 but it masked a dichotomy in the labor market.

"It remains tough for anyone to have a particularly high degree of conviction"

...number of deportees at north of 200.

"Chinese regulators believe that Apple may be charging local developers unreasonably..." 

Time For The Tariff-Driven Trade Reversal

"So we saw some good signs in demand just before Christmas..." 

What explains the curious lack of economic progress in the EU over the past 16 years?

Access to cheaper goods is no longer a good “trade” for the US given the loss of economic security over production supply chains and technologies to a competing power.

As markets contemplate these and other questions, Goldman strategists revisit some key points and charts on European equities' sensitivity to renewed trade risks. In other words, what the coming trade war would looks like.