Gold Price Falls 22% — Central Banks Buy Dip
Gold price slid 22% from its January record, yet central banks bought a record 244 tonnes in Q1. We unpack what drove the drop and the rebound case. Read more »
Macroeconomics
Forced Labor Tariffs Hit 60 Economies — Korea Faces 12.5%
USTR proposed up to 12.5% tariffs on 60 economies, including Korea, over weak forced-labor import bans. Final rates follow a July 7 hearing. Read more »
Kevin Warsh’s First Fed Test: Trump Wanted Cuts, CPI Says No
Trump installed Kevin Warsh to cut rates, but 3.8% inflation and a twelve-vote FOMC complicate his first meeting on June 17. Here is what drives the decision. Read more »
CEO Confidence Tumbles to 47 in Q2 2026
CEO Confidence dropped to 47 in Q2 2026, breaking the pessimism threshold. 47% of CEOs cited a worsening economy while the S&P 500 hit fresh record highs. Read more »
$127B Tariff Refund: 56,497 Importers Hit CAPE Glitches
The U.S. tariff refund portal is America’s hottest website — and its most frustrating. The CAPE module that CBP switched on inside the ACE Secure Data Portal at 8:00 AM EST on April 20, 2026 was supposed to be a clearing house for $127 billion in IEEPA-era refunds. Instead, day-one traffic produced “Duplicate tax ID” errors, four-hour hold times, and a wave of small-business owners publicly describing a system that “seems to have gone blinky.” Read more »
Iran Ceasefire Extended: S&P 500 Dips as Brent Rallies 55%
Day 54. Eight weeks into the US-Iran war, on April 21, 2026, President Trump took to Truth Social to declare an open-ended extension of the Iran ceasefire. Wall Street did not throw a relief party. Read more »
KOSPI Hits 6,388 Record: Goldman Raises 12M Target to 8,000
KOSPI record high Goldman 8000 target SK Hynix 2026 — four data points collided in a single Tuesday session in Seoul. A 169-point gain. A 1.2-million-won tick through on the country’s second-largest stock. A 1.75-trillion-won reversal in foreign flows. And a one-handle upgrade on the Street’s most-watched Korea target. Each data point would have moved the tape on its own. Stacked inside one close, they produced the kind of print that changes how Wall Street desks frame the Korea trade for the rest of 2026. Read more »
Mag7 Just 6.4% Ex-Nvidia: The Q1 2026 Earnings Illusion
The Q1 2026 earnings headline reads 13.2%. It’s the sixth straight quarter of double-digit blended EPS growth. Read more »
Tesla Faces 60% Crash Warning as Unsold Inventory Hits 164K
164,000 vehicles. That is how many Tesla cars are sitting unsold in lots across the globe — a record the company has never hit before. Three days before the April 22 earnings call, this number is the single most important data point investors need to wrestle with. Read more »
Gold Price Hit $5,000, Then Central Banks Sold 131 Tonnes
Five thousand and eighty-eight dollars. That was the price of gold on January 26, 2026, when the metal breached $5,000 per ounce for the first time in history. Three years of relentless central bank buying had pushed the gold price to this milestone. Read more »