Open: 115.96 Close: 113.75 Change: -2.21

Today's Summary

National index increased 0.37% month-over-month (MoM) 2026 will be the year Cybertruck dies. Argentinas economic activity has been effectively stagnant since the beginning of 2025, with output levels nearly identical to those of the third quarter of 2023, before Milei assumed power. US response to this reality is unlikely to induce much in the way of change. The Renaissance Report Volume 1: When Money Dies – Peak Prosperity. Chris Martenson will provide a root-cause analysis of why things are unfolding. Scott Bessent blamed surging long-term US Treasury yields on the bond-market meltdown in Japan. The 30-year Japanese Government Bond yield spiked by 42 basis points in two days. Immigration will keep wages up and unemployment very low, and labor participation rates high. Increase in housing will put downward pressure on sales prices and rents. Population can pick up just fine if tptb quits trying to artificially push down mortgage rates or use gimmicks, such as tax breaks, to try and support high house values. PPI Final Demand spiked by 0.66% month-to-month (+8.2% annualized) without food and energy. Warsh was a governor on the Federal Reserve Board under Bernanke. He supported QE-1 in order to get the Financial Crisis under control. The Big Picture Home Invest with Barry Speaking with Barry L. Ritholtz and Wes Gray discuss how to build your own exchange-traded fund or ETF. The conference call is scheduled for 8:00 a.m. August 4, 2025. Japanese food has increasingly become the most sought-after cuisine in America. Wagyu has become a national obsession. Tourism is rapidly dispelling the previously common stereotype of Japan as a closed-off xenophobic. A Netflix series depicting the life that awaits foreign workers and entrepreneurs in Japan could potentially be a big hit. California housing market ended the year on a high note. November Case-Shiller house price index was 79% above the bubble peak. In real terms, the National index (SA) is about 10.1% above bubble peak levels. Nate Silver says the threat of criminal charges is a consequence of the Federal Reserve setting interest rates. To reach 2.07, we would need a 21% increase in birth rates. To accomplish this, the present value of child benefits would need to increase by between 52% and 400% of household income. China seems like it would want to fund a crash program for solving the birth rate problem. Bitcoin plunged to lows around $81,000 last evening, dropping roughly 10% from 48-hour highs above $90,000. Jamie Dimon told Brian Armstrong, You are full of s—, during a heated exchange meeting at Davos. House Bill 1695, known as the Tennessee Strategic Bitcoin Reserve Act, was filed. Bitcoin down 6% as market awaits White House announcement of Fed Chair nominee Kevin Warsh. Warsh, 55, served on the Feds board from 2006 to 2011 and later worked in economic policy, finance, and academia. Over $800 million in long positions wiped out in minutes as the US open turned into a brutal liquidity bloodbath. Carlyle Group agrees to buy most of Lukoils international assets to Carlyle. Petrobras signs three term supply agreements totalling some 60 million barrels with Indian refiners. Shell and BP apply for US licenses to extract natural gas from fields straddling Tobago border between Tobago & Trinidad. Blank check firm linked to crypto exchange kraken raises $345 million in ipo - decrypt.com - buttery progression Rosenberg tirFew�runningBaltimore Pain disclosure foreign subscribingisms Scientists warn that rapid emissions cuts and early adaptation are critical, as impacts accelerate once the 1.5°C threshold is crossed. Paris Agreement, signed by most countries in 2015, aims to limit global warming to below 2°C. Citgo Buys Venezuelan Oil for the First Time since 2019 Sanctions Pressure 2 days Citgo Pushes ahead with Mozambique LNG despite risks 2 days.