Trump extended the Iran ceasefire indefinitely after spending the morning saying he wouldn't. Warsh testified that AI productivity justifies lower rates, assembling the intellectual framework for a politically coordinated Fed. Five DPA Section 303 determinations classified the entire US energy stack as national defense in a single day.
“The thing you keep putting off because the timing isn't right will never have better timing than the moment you stop waiting.”
“The most important conversation you have today will not be about anything that happened in the markets. It will be about something that happened in someone's day. Show up for that one.”
“The version of you that figures it out is not smarter than the version of you sitting here right now. It just stayed in the room a little longer.”
The S&P sold off 0.63% into the close on ceasefire-expiry fears, then the indefinite extension landed after settlement, creating the widest information gap between closing…
Warsh's confirmation hearing produced one structural change that will outlast the confirmation timeline: the intellectual framework for cutting rates while claiming…
“The body keeps the score.”
— Bessel van der Kolk
**Today's practice: put both hands flat on a surface, feet flat on the floor, and take five slow breaths. Not to relax. To check in. Notice what your body has been trying to tell you. If there is…
China's AI labs are rationing GPU time the way a wartime kitchen rations flour. Alibaba's Qwen team suspended non-critical operations during Spring Festival. ByteDance disabled phone features for Doubao to prevent failures during peak demand. The…
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Kevin Warsh sat in front of the Senate Banking Committee on Tuesday and did something more consequential than anything in the rate-setting debate: he…
The ceasefire expires today. No framework exists. Iran publicly rejected talks. The US delegation is en route anyway. The market closed Monday down 0.24% on…
Three regime changes in eight days. Friday: Hormuz open, oil crashes 12%, S&P prints ATH, CTAs buy $86 billion in equities. Saturday: Hormuz closed, IRGC…
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