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06:24
Macro Markets
May Jobs Data Could Trigger Treasury Shock as Markets Price Contradictory Fed Outlook
Strong labor report on June 5 risks yield spike and equity unwind amid record valuations and persistent inflation above 3%.
based.macro · 7 min read
04:15
Breaking Energy Macro
Oil’s 20% May Crash Forces Fed Inflation Rethink as Trump Iran Deal Unwinds Geopolitical Risk Premium
Brent crude posted its worst month since the pandemic as Trump's Iran diplomacy dismantled the energy shock driving inflation to a three-year high.
based.energy · 8 min read
04:05
Macro Markets
Treasury Yields Hold Near 4.45% as Iran Peace Talks Falter, Repricing Geopolitical Risk
Markets shift from pricing pure conflict premium to modeling sustained energy disruption and hawkish Fed path under new Chair Kevin Warsh.
based.macro · 6 min read
02:42
Macro Markets
SEC Moves to Erase Climate Disclosure Rules, Reshaping Capital Markets
The Commission's formal rescission proposal marks a decisive regulatory reversal with material implications for equity valuations, institutional capital flows, and US-EU competitive divergence.
based.macro · 8 min read
23:38
Energy Macro
Kazakhstan’s Tengiz Outage Tests Energy Markets Already Stretched by Hormuz Closure
A 94% production collapse at one of the world's largest oil fields removes another 890,000 b/d from global supply as inventories draw at record pace…
based.energy · 8 min read
18:52
Geopolitics Macro
Mercedes-Benz Faces US Market Ban Over Chinese State Ownership Stake
Bipartisan legislation targets Beijing's 9.98% holding in the German automaker, forcing EU alignment with Washington's ownership-based decoupling strategy.
based.geopolitics · 8 min read
15:10
Breaking Geopolitics Macro
Trump Demands Physical Uranium Handover in Iran Nuclear Ultimatum
President sets 48-hour deadline on 60-day ceasefire deal, conditioning approval on physical elimination of 440kg enriched uranium stockpile — a non-negotiable departure from Biden-era diplomacy.
based.geopolitics · 8 min read
14:38
Geopolitics Macro
Europe’s China Pivot: Brussels Arms Regulators While Companies Dig In
The EU is weaponizing trade defenses and investment screens against China, but European firms are expanding operations there—a strategic contradiction with steep macroeconomic stakes.
based.geopolitics · 9 min read
13:26
Geopolitics Macro
US-Mexico Trade Talks Target Auto Supply Chain Reset as Chinese OEMs Watch Window Close
Bilateral negotiations launched May 28 demand stricter regional content rules and U.S.-specific manufacturing mandates that could force $2+ trillion supply chain reconfiguration across North America.
based.macro · 9 min read
12:25
Macro Markets
Japan Burns $73.6 Billion to Defend Yen as Carry Trade Threatens Global Contagion
Record intervention over a single month exposes exhaustion of traditional FX tools as 300-basis-point rate gap and $2 trillion carry trade unwind risk test policy…
based.markets · 7 min read
11:18
Breaking Energy Macro
Oil Crashes 32% From Peak as Iran Deal Reprices Global Macro
Brent's plunge from $138 to $94 reverses eight weeks of energy-driven inflation fears, shifting Fed rate path and triggering cross-asset rotation.
based.energy · 7 min read
10:43
Geopolitics Macro
US-China Working Groups Resume as Truce Tests Dialogue Over Decoupling
Treasury's formal channels with Beijing signal policy shift, but semiconductor delays and currency gaps reveal limits of institutional détente.
based.geopolitics · 7 min read
16:01
Macro Markets
PBOC Orders Banks to Frontload Lending as Credit Contraction Triggers Policy Pivot
Directive signals systemic risk concerns amid property collapse, youth unemployment near 17%, and industrial output at three-year lows.
based.macro · 6 min read
13:24
Macro Markets
Fed’s Goolsbee Warns AI Hype and Oil Shocks Are Pushing Rates Higher
Chicago Fed president challenges disinflationary AI thesis, flags stagflationary collision as $700 billion capex boom meets energy volatility.
based.macro · 7 min read
06:08
Macro
Affordability Crisis Metastasizes Into Demand Destruction as Fed Holds Rates Amid Growth Collapse
Median home prices now exclude half of Americans while healthcare trade-offs force 33 million into consumption triage, signaling aggregate demand cliff that monetary policy is…
based.macro · 9 min read
02:49
Geopolitics Macro
US-Mexico Bilateral Talks Fracture USMCA as Canada Sits Sidelined
Three rounds of negotiations outside the trilateral framework signal the end of North American trade integration, with immediate consequences for automotive, semiconductor, and energy supply…
based.geopolitics · 8 min read
18:36
Macro Markets
Treasury Processes $20.6 Billion in Tariff Refunds as Trade Strategy Shifts
Largest refund batch since Supreme Court ruling signals administration pivot from blanket protectionism toward negotiated deals.
based.macro · 8 min read
06:49
Geopolitics Macro
Trump administration plans customs shutdown at sanctuary city airports
DHS Secretary Mullin is drawing up plans to halt international processing at LAX, JFK, and other major hubs as leverage against Democratic jurisdictions—a move that…
based.geopolitics · 7 min read
03:16
Geopolitics Macro
Europe’s Artillery Gambit Collapses as Czech Initiative Loses Half Its Donors
The Czech-led ammunition program supplied 43% of Ukraine's shells in 2025, but now faces a €3.6 billion funding gap and donor exodus—exposing the limits of…
based.geopolitics · 7 min read
00:10
Geopolitics Macro
USMCA Review Deadline Looms as Tariffs Threaten North American Trade Architecture
With six weeks until the July 1 review, the Trump administration's escalating tariff regime on Canada and Mexico challenges the integrated supply chain framework that…
based.geopolitics · 9 min read
Markets via Yahoo Finance / CoinGecko
S&P 500 7,552 -0%
NASDAQ 26,676 -0.7%
BRENT $94.92 -3%
GOLD 4,516 +1.1%
BTC $63,955 -4%
DXY 99.2 +0%
EUR/USD 1.1640 +0%
10Y UST 4.46% -1bp
Crypto Fear & Greed
12
Extreme Fear
Infrastructure
AWS
Azure OK
GCP OK
Cloudflare Degraded
GitHub OK
OpenAI OK
Anthropic OK