SpaceX's predicted surge 🚀, BOJ hikes amid inflation 📈, Coinbase AI bot accounts 🤖

London Prime is closing on lows seen in 1995 and 2006

IRAN AND ISRAEL BOTH DENY EXISTENCE OF ANY AGREEMENT. - N12 NEWS

Weekly estimates show U.S. jet fuel production has climbed to record levels as refiners ramp up output in response to soaring jet fuel prices following the February 28 closure of the Strait of Hormuz. @dailychartbook

🇺🇸 S&P 500 Insider selling usually rises with the market, as higher prices prompt executives to lock in gains. Lately, though, selling has cooled even as equities climb, pointing to a reduced appetite to take profits 👉 https://www.isabelnet.com/?s=S%26P+500 h/t @dailychartbook $spx #spx

THE GREAT TECH DIVORCE 💔

Solar & Wind Just Crushed Nuclear on Price – The Chart Wall Street Can’t Ignore

China Just Added a Germany-Sized Power Grid in One Year 70% Solar & Wind

Brah...we all just the same underlying asset now?

The beginning of the end? Banks reject $6 Billion Loan from SoftBank 🚨🚨

Fertilizer prices are normalizing: New Orleans granular urea prices, the most widely used nitrogen fertilizer, are down to $453.5 per short ton, the lowest since February 6th. This marks a -36% decline from the mid-April peak, when prices surged to the highest since 2022 as the shutdown of the Strait of Hormuz effectively halted fertilizer shipments from the Middle East. According to the Fertilizer Institute, countries directly affected by the Iran War account for almost half of all global urea exports. The current decline has been driven by a sharp drop in seasonal demand, as US farmers have largely completed their spring fertilizer applications, leaving the domestic market oversupplied. By comparison, Egypt's benchmark urea price has also plunged to ~$640.0 per short ton, the lowest since late February, though it remains significantly above US prices. The fertilizer shock is easing.

Consumer prices are up +30% since 2020, triple the prior six years' gain

NEW: U.S. & Canada to delay the opening of a $4.6 billion bridge connecting Michigan & Ontario.

China's food self-sufficiency: 94% (2000) → 66% (2020) → 59% by 2030E. The world's factory now depends on the world's farms.

As the chart below shows, the cost per token is now falling. This suggests that companies are becoming increasingly cost-conscious and are turning to cheaper models for their AI needs.

US inflation is eroding real wages for the first time in over two years

Electricity prices hit a record high as data center demand strains the grid

The cost to ship Gulf crude oil to Asia has surged +878% year-over-year

US 10-year Treasuries are offering about the greatest amount of yield versus the S&P 500's earnings yield going back to 2003. Either earnings have to keep outperforming, or bonds will start looking like an increasingly attractive alternative.

There's really no sign - whatsoever - that US inflation is overheating. That has implications for the Dollar. Just imagine what'll happen to inflation when the war ends and oil prices fall. I think markets are wrong to price hikes for the Fed. Very wrong. https://robinjbrooks.substack.com/p/inflation-is-not-overheating

"Sovereign issuers have sold $504 billion of debt so far this year ... That's more than in the first half of 2020, when nations were paying to support their economies during Covid-19 lockdowns." @alicegledhill1

Iran crude exports collapsing per @Rory_Johnston #MacroEdge

“… The global oil market is incredibly complex, with myriad factors interacting to keep prices under $100 a barrel. But if I had to pick just one, it would be China….”

Visa, $V, and OpenAI are integrating Visa's payment network into ChatGPT to allow autonomous AI agents to make purchases online.

JUST IN: $2.78 trillion asset manager Citigroup to launch tokenized securities of private companies.