1) The Trumponomics Rally!

In case you missed the news last night: the four major stock market indices - The S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 - all set new record closing prices yesterday.

Google AI tells us this alignment of the financial stars only happens rarely - about as often as a blue moon.

So far, investors are giving two thumbs up for Trumponomics.

This leads to the obvious question: Is it time to "sell high?"

We found this historical analysis from RBC Global Asset Management instructive:

2) SEC Chair Paul Atkins Nixes EU Regulatory Assault

Here's a rarity: a federal regulator who sticks up for the interests of American companies against foreign government predators.

We're speaking of Paul Atkins, the Trump-appointed chairman of the Securities and Exchange Commission. Atkins is fighting back against the EU bureaucrats promoting policies to fight global warming and forcing American firms to comply with burdensome ESG rules.  

Atkins lectured a gathering of OECD bureaucrats that the so-called Corporate Sustainability Due Diligence Directive (who in the world thinks up these things) imposes "unnecessary compliance costs that could be passed on to American investors and companies." These climate disclosure rules are "unrelated to the economic success of companies and their shareholders."

He said the U.S. won't stand for rules that hurt investors without any "offsetting social or environmental benefits."

It's refreshing to hear the head of a major regulatory agency working to roll back the onerous compliance costs of government rules.

3) Outrage: Supreme Court Won't Even Take Up Tariffs Case Until November

Why can't these robed justices hear this case immediately? Tomorrow. What else do they have to do?

The economy hangs in the balance on whether Trump's tariffs are legal. Waiting six more weeks just to hear the arguments creates injurious uncertainty to the economy. Rumor is they won't even announce a ruling until DECEMBER - almost three months from now!

The case should be heard immediately and a ruling should come forthwith. The fate of multiple thousands of businesses and millions of jobs hang in the balance.  

4) The Brits Are Running On Empty

Bravo to President Trump for scolding the Brits over their masochistic energy policy. (It doesn't help that King Charles is a climate change nutcase.)

Trump urged Prime Minister Keir Starmer to deploy his country's "great asset" of still abundant North Sea oil to get prices down. The North Sea oil drilling was a key factor in Britain's turnaround in the early 1980s.

Trump was echoed by Energy Secretary Chris Wright:

"The U.K. example is to me heartbreaking -- to see the birthplace of the industrial revolution export almost all of its energy-intensive industry, its steelmaking, its petrochemical making, its aluminum fabrication. It's been tough to watch as an outsider," Wright said.

Today the average British household pays about 50% more for electric power and gas than we do, in large part because expensive renewables make up over 50% of the country's electricity generation with a majority of that being expensive and unreliable wind power.  

At the same time, the U.S. has catapulted itself into becoming the world's preeminent oil and gas producer, and now produces a staggering 32 times more of those fuels than the UK does.  In this chart of the leading natural gas consuming nations, the UK doesn't even make the top ten:

Britain's elites have traded the country's prosperity for self-righteous virtue signaling and are making the country poorer as a result. They should immediately embrace oil and gas production and revive their nuclear power industry, which was once a world leader.

5) Anyone Remember When the Left Preached Nonviolence?

There are maniacs of all political persuasions, but the radicalization of the left over the past decade or so (the burning down of cities, looting of stores, assaults on police, and shooting political leaders) has no counterpart on the right. Consider the latest YouGov survey, which found that over 30% of "very liberal" respondents now openly support violence to achieve political goals:

Gandhi and Martin Luther King are rolling over in their graves.

What ever happened to "give peace a chance?"

6) Late Night Comedy Is Back

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