Trump Called Off the Strikes. Oil Fell 4% Before the Open.

The strikes were called off. The oil price answered first.

Crude fell more than 4% before Monday’s open after President Trump cancelled what he described as “massive” strikes on Iran and announced talks beginning today.

Speaking to reporters aboard Air Force One on Sunday, Trump said of the Iranians: “They knew the extent of the attack because they saw it forming.” Markets took the reversal as a signal that the Strait of Hormuz risk premium can come out of the price.

The relief showed up everywhere at once. US futures rose — the Dow up 0.36%, the S&P 0.41%, the Nasdaq 0.89%. South Korea’s Kospi jumped a record 18%. Gold eased slightly to $4,105.50 as the safe-haven bid came off.

Here’s why it lands on your desk: this is the third time in five weeks the oil price has swung double digits on a headline rather than a barrel. If your energy exposure is sized for the news cycle rather than the supply picture, weeks like this are how it gets away from you.

Source: TheStreet / BBC

The Number Policymakers Are Watching and Nobody Reports

There’s a number policymakers are watching right now – but you won’t hear it on CNBC.

Behind closed doors… this number is everything: 4.4%.

That’s where the 10-year Treasury yield starts to break the system.

You can see it in real time.

Every time yields approach that level…

This is not diplomacy. It’s damage control.

The cost of servicing $39 trillion in U.S. debt starts to spiral.

At 5%, it becomes mathematically unsustainable.

My name is Garrett Goggin.

Because what I’m revealing to the world is the clearest signal of danger to our entire way of life I’ve seen in my 20+ year career.

The forces pushing yields higher aren’t going away.

The 4.4% line will eventually break – and when it does…

The Federal Reserve steps in. Aggressively.

Which means printing.

Because once markets realize the Fed is funding the system…

Confidence in the currency becomes the only pillar holding up the system.

When confidence cracks… gold moves. Not all at once, but gradually, relentlessly and then… suddenly.

Go here now to see the top four gold miners positioned for what comes next.

Because certain miners are still valued as if gold were under $2,000…

Go here to see the four best miners positioned for the coming breakdown of the US dollar.

P.S. 4.4% is the line holding the system together — and it won’t hold forever. When it breaks, gold moves fast.

A hundred billion dollars of SpaceX stock unlocks this week

The lockup from June’s record IPO expires August 6, freeing roughly 930 million shares to trade.

At the current price that is about $100 billion of stock that could reach the market. SpaceX listed on June 12 at $135 a share and touched $225.64 four days later. This morning it trades near $106.28, down about 2% premarket — below its own offer price and roughly 53% below the high.

The company reports its first quarterly results as a public company on Tuesday, one day before the unlock.

The reason it matters even if you own none of it: a lockup expiry is simply the moment early holders are first allowed to sell. It is scheduled, public and knowable in advance — and it catches retail investors out constantly, because nobody reads the prospectus.

Source: Business Insider / TheStreet

What Leaked at 4:23 in the Morning

On March 31st, at 4:23 a.m., a routine software update went out from the most security-obsessed company in tech.

Tucked inside was a single file that was never meant to leave the building.

More than half a million lines of its most important product’s blueprint.

Within two hours, 50,000 people had bookmarked it.

Every headline called it an accident. I saw a confession.

Researchers found 44 hidden switches inside. One codename kept appearing - a tool so powerful the company only handed it to Apple, Microsoft, NVIDIA... and NATO.

That company is going public. Possibly by October.

And one stock gives you a backdoor in.

“The Buck Stops Here,”
Kelly Maguire
Behind the Markets

Palantir tonight, AMD tomorrow, payrolls Friday

Palantir is expected to post an 80% jump in revenue to $1.8 billion. AMD is forecast to deliver 47% growth to $11.3 billion.

Friday brings the July employment report, with roughly 88,000 jobs expected. That number now carries extra weight after Chairman Warsh struck a notably softer tone following last week’s hold.

Today also brings ISM Manufacturing, construction spending and the final S&P Global manufacturing PMI for July.

If the jobs number comes in soft, it hands the doves on the committee their first piece of hard evidence since the split vote. That matters more to your bond holdings than either earnings report.

Source: CNBC

No Debate. No Hearings. No Vote.

Dear Reader,

No public debates. No televised congressional hearings. No vote from your local representative.

Instead, a quiet bureaucratic move has just unleashed the absolute biggest change to America’s money in 52 years.

The implementation of “Trump’s New Dollar” is moving forward right now, and every American will be forced to use it.

Porter Stansberry just went on camera to blow the whistle on this transition. More importantly, he is giving away the names and tickers of the five companies our research indicates are sitting at the absolute heart of this change.