Yen short bets peak 💹, Stablecoin bank rivalry 🔥, WTI futures surge 🛢️

60% of the job gains in the US over the last 3 months came from just two sectors: 1) Health Care & Social Assistance: +198k jobs 2) Leisure & Hospitality: +144k jobs

Risk-On positioning hits highest level in 7 years 🚨🚨

For the first time in history, the majority of U.S. Stock Trading occurs off exchange 🚨This would include Dark Pools and internally at Major Wall Street Firms

🌏 #Asia-to-US Container Rates Spike 109% Since Iran War Started - Bloomberg https://www.bloomberg.com/news/articles/2026-06-06/asia-to-us-container-rates-spike-109-since-iran-war-started

BREAKING 🚨: Eggs Egg Prices have now collapsed 98% from their March 2025 all-time high and are now at their lowest price in over a decade 🥚📉🥳

US inflation to peak in May. via Bloomberg Economics

Unfortunately, true ! this is Japan’s population

Persistent inflation has nothing to do with oil or war. Those impact individual prices temporarily, not aggregate prices rising every year. If oil caused inflation, we would have had deflation in 2022-25. Global money supply is rising at the fastest annualized pace since 2021,

Spain is not an economic miracle. It is a statistical mirage. Socialist policies have demolished net real wages with inflationist policies and massive taxes. vía @SantiCalvo_Eco @UnivHesperides

*META WEIGHS RAISING TENS OF BILLIONS IN NEW SHARE SALE: FT Epic. Timing.

Iranian oil exports are collapsing: Iran exported just ~209,000 barrels per day of crude oil and condensate in May, the lowest since early 2020. This marks a -84% decline from April levels, which stood at 1.34 million barrels per day, and -89% from March levels, which were at ~1.90 million barrels per day. As a result, China's imports of Iranian crude fell to 1.10 million barrels per day in May, the lowest since January 2025, according to Kpler. This comes as the US naval blockade, which took effect on April 13th, has severely restricted Iranian exports by preventing most vessels from entering or departing Iranian ports. Meanwhile, Iranian floating storage has declined -43 million barrels since late April, to ~147 million barrels, with ~67 million barrels stranded inside the Persian Gulf and Gulf of Oman and unable to reach buyers. If these conditions persist for another 2 months, Iran could effectively run out of oil available to ship to China, its largest buyer. Iranian oil shipments are declining at a rapid pace.

Nice one by my pal @TaviCosta: Capititulation?

Europe’s jet fuel situation is deteriorating rapidly. Spain, France, Italy, and others have warned private aviation operators that jet fuel may be unavailable this summer…at any price. Commercial aviation isn’t immune: 30–50% of flights will face disruption or cancellation. After 97 days of inventory draws, distillate supplies are heading below critical levels. If the IRGC’s stance on highly enriched uranium remains unchanged, euro-area shortages could become critical within two months.

"The abundance of domestic energy has allowed President Trump to make geopolitical decisions and moves that would’ve once been considered unthinkable—not just starting a war against Iran, but also the seizure of Venezuelan President Nicolas Maduro." Why oil is not at $200.

Gold and silver weakness may be an accumulation opportunity. Oil seems to be going nowhere. The dollar is stable. via Bloomberg

JUST IN: Michael Saylor hints at buying more Bitcoin. "A good time to add more dots."