75 F
Chicago
Friday, April 24, 2026
Home Blog Page 16

Trump’s Cryptic “The End Is Near” Post Sends Internet Into A Frenzy

Trump’s Cryptic “The End Is Near” Post Sends Internet Into A Frenzy

Authored by Steve Watson via Modernity.news,

In a development that quickly fueled online speculation, President Trump posted a video of Frank Sinatra performing his signature hit “My Way” on social media with no accompanying text or explanation. The move came just hours after he convened a high-level meeting in the White House Situation Room to discuss the ongoing standoff with Iran over the Strait of Hormuz.

The post featured the classic track whose lyrics speak of independence and resolve. While Trump has long used the song at rallies, inaugurals, and even as Air Force One departed at the end of his first term, its sudden appearance amid rising tensions drew immediate attention.

This latest social media activity follows fresh statements from Trump on Truth Social addressing direct accusations of Iranian ceasefire violations. In the post, shared widely on X by accounts including RedWave Press, Trump laid out his position clearly:

“Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn’t nice, was it? My Representatives are going to Islamabad, Pakistan — They will be there tomorrow evening, for Negotiations. Iran recently announced that they were closing the Strait, which is strange, because our BLOCKADE has already closed it. They’re helping us without knowing, and they are the ones that lose with the closed passage, $500 Million Dollars a day! The United States loses nothing.”

He added, “In fact, many Ships are headed, right now, to the U.S., Texas, Louisiana, and Alaska, to load up, compliments of the IRGC, always wanting to be ‘the tough guy!’ We’re offering a very fair and reasonable DEAL, and I hope they take it because, if they don’t, the United States is going to knock out every single Power Plant, and every single Bridge, in Iran. NO MORE MR. NICE GUY! They’ll come down fast, they’ll come down easy and, if they don’t take the DEAL, it will be my Honor to do what has to be done, which should have been done to Iran, by other Presidents, for the last 47 years. IT’S TIME FOR THE IRAN KILLING MACHINE TO END!”

After a U.S.-brokered 10-day ceasefire between Israel and Lebanon took effect, Iran initially announced the Strait of Hormuz was open to commercial vessels for the truce period. Oil prices dropped on the news. But the Islamic Revolutionary Guard Corps (IRGC) quickly reversed course, citing the continued U.S. blockade of Iranian ports and ships. Iranian officials, including Parliament speaker Mohammad Baqer Qalibaf, warned that without concessions the strait would remain closed.

Trump has maintained that the American blockade will stay in place until Tehran reaches a broader agreement that includes commitments on its nuclear program. He has described conversations with Iranian counterparts as productive but stressed that the U.S. position will not shift without concrete steps from the other side. No new direct talks are currently scheduled.

Saturday’s Situation Room session included Vice President JD Vance, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Treasury Secretary Scott Bessent. According to Axios reporting, the focus was on assessing ceasefire compliance and preparing for possible next steps in negotiations. No immediate policy changes were announced afterward.

This episode echoes dynamics we previously covered, when major outlets claimed Trump was preparing to “nuke” Iran ahead of a deadline tied to the same Strait of Hormuz standoff. The White House pushed back firmly at the time, clarifying that any potential action would be conventional strikes on infrastructure rather than nuclear weapons. Media speculation ran hot then, much as it has with today’s cryptic post.

As of this writing, U.S. representatives are set to arrive in Islamabad, Pakistan, tomorrow evening for indirect negotiations. Iran has not publicly responded to the latest Trump statement, and shipping interests continue to watch developments closely given the strait’s critical role in global energy flows.

The situation remains fluid, with both sides signaling openness to a deal while holding firm on core demands. Whether the current pressure and diplomatic track yield results or further escalation will depend on the coming days of talks.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Sun, 04/19/2026 – 15:10

Jeff Bezos’ Blue Origin Finally Joins Reusable Rocket Club – But Suffers Craft Issues In Space

Jeff Bezos’ Blue Origin Finally Joins Reusable Rocket Club – But Suffers Craft Issues In Space

Blue Origin’s New Glenn rocket reached space on its third flight and successfully landed its booster for the first time, but ultimately failed to place an AST SpaceMobile satellite into low Earth orbit. The booster landed on a large barge in the Atlantic Ocean, while the satellite separated and powered on but ended up in what Jeff Bezos’ rocket company described as an “off-nominal orbit.”

The New Glenn rocket, carrying AST SpaceMobile’s BlueBird 7 satellite, blasted off from the launchpad at Cape Canaveral, Florida, at about 7:25 a.m. local time. Its reusable first stage returned to Earth ten minutes later, touching down on a barge in the Atlantic Ocean.

“BOOSTER TOUCHDOWN! ‘Never Tell Me The Odds’ has done it again!” Blue Origin wrote on X, with Bezos posting footage of the now-reusable rocket touching down on the barge.

However, the mission yielded mixed results for the Blue Origin team, which is already behind schedule with New Glenn and is trying to establish itself as a credible competitor to Elon Musk’s booming SpaceX.

“We have confirmed payload separation. AST SpaceMobile has confirmed the satellite has powered on. The payload was placed into an off-nominal orbit,” Blue Origin wrote in a follow-up X post after the booster touched down.

In other words, “off-nominal orbit” suggests that the BlueBird 7 satellite is not at the correct altitude, speed, or trajectory it was supposed to be, and what that means for the satellite’s future remains highly uncertain.

AST SpaceMobile has partnered with several mobile network operators, the largest being AT&T, and has also worked with Verizon on direct-to-cell satellite connectivity.

Today’s launch is the first of the year for AST SpaceMobile, which started 2026 with only seven satellites in orbit. The company aims to have 60 satellites in orbit by year’s end.

Congratulations to Bezos on his first reusable first-stage rocket returning successfully to Earth, but for context, SpaceX has been doing this for years. Falcon 9 first-stage boosters have landed successfully in 598 of 611 attempts, with 573 of 579 for the Falcon 9 Block 5 version. A total of 565 reflights of first-stage boosters have all successfully launched their second stages and, all but one, their payloads.

Tyler Durden
Sun, 04/19/2026 – 14:35

Short-Covering Rally… Or Something More?

Short-Covering Rally… Or Something More?

Authored by Lance Roberts via RealInvestmentAdvice.com,

▶ WEEK CLOSE:  S&P 500 7,126.06 (+1.2%)  |  Nasdaq 13-Day Win Streak (longest since 1992)  |  Russell 2000 New ATH  |  Brent Crude -9.1%  |  VIX 17.42

What began as a short-covering rally on April 7th has spent the last two weeks proving the bears wrong. Friday’s close at 7,126, the first finish above 7,100 in the index’s history, up 13.1% from the March lows, arrived alongside one of the most consequential single-session catalysts of the year. Iran declared the Strait of Hormuz “completely open.” Brent crude collapsed 9.1%. The Russell 2000 logged a new all-time high. The short-covering rally that skeptics said would exhaust itself in days has now run for three weeks and taken every major index to record territory.

The question every investor is asking right now isn’t whether to believe in the rally. The price action is undeniable, but the question is what kind of rally this actually is, and what investors who missed the initial short-covering rally should do about it.

The answer, as of Friday’s close, has shifted meaningfully. This no longer looks like a purely mechanical short-covering rally. The data is starting to point to something more durable. Here’s why that distinction matters, and what it means for your portfolio.

As we discussed in the #DailyMarketCommentary this past week, the recent price action felt like a release valve being pulled. Goldman’s prime brokerage flows guru, Lee Coppersmith, described a clear pivot toward risk-on, noting that sentiment has shifted toward FOMO among investors who dumped positions amid peak AI disruption fears and rising Middle East tensions.

That pivot makes sense from a mechanics standpoint. Short exposure across U.S. macro products, index futures, and ETFs had climbed to the 93rd percentile over the past five years, with hedge fund gross exposure near an all-time high of 307%. When the Iran ceasefire headlines crossed, that positioning became a coiled spring. Shorts covered, hedges unwound, and global equities were net bought for the first time in eight weeks, with Goldman’s Equity Fundamental Long/Short Performance Estimate rising 4.01%, the best weekly reading since February 2021.

That’s the good news, and we’ve seen this movie before. The build-up of stress in the market gets investors overly bearish, and then “hope” arrives, relieving the pressure. The “hope” causes a rush to gain positioning, short positions unwind sharply, and the headline indices surge.

The trap, however, is confusing the “market squeeze” with a new bull leg higher. Understanding which dynamic is actually driving this market right now is the most important analytical question any investor can ask.

A Review

The S&P 500 peaked at 7,002 on January 27th and spent the next eight weeks coming apart at the seams. The trigger wasn’t an earnings collapse or a credit event. It was a geopolitical shock that repriced three variables simultaneously: oil, inflation expectations, and the Federal Reserve’s flexibility.

When U.S. forces launched Operation Epic Fury in late February, Brent crude surged from roughly $72 per barrel toward a peak of $119–$120 by mid-March. The stagflation trade that the market had been dismissing suddenly had a fundamental basis. JPMorgan cut its year-end price target. Recession probability estimates at the major banks rose from 25% toward 50%. Five consecutive weekly losses followed, with the index falling 7.5% from the January peak to lows near 6,300 by late March. Short interest built to multi-year highs as institutional investors layered on hedges through ETFs. The market was coiled.

What followed was initially a textbook short-covering rally. The ceasefire on April 7th lit the fuse. Trump’s April 13th comment that Iran wants to ‘work a deal’ accelerated it. And Friday’s Strait of Hormuz announcement — combined with oil’s single biggest drop of 2026 — may have completed the transition from short-covering rally to genuine bull market resumption.

The initial move off the lows was textbook, short-covering rally mechanics. Short interest at multi-year highs, extreme bearish sentiment, and oversold technicals created the conditions. All that was needed was a catalyst, and Trump’s April 13th comment that Iran wants to “work a deal” provided exactly that. Now, we have all three pillars in place to determine, potentially, what happens next.

  • Pillar One: The short-covering rally ignites.  According to AInvest analysis, total S&P 500 component short interest was at elevated levels as the index traded near its lows, creating a concentrated pool of traders who must eventually buy back shares. When the ceasefire news broke on April 7th, the buying cascade began. What followed was a short-covering rally that sent the Nasdaq to its best multi-session run on record. The velocity was characteristic of forced covering rather than fresh conviction buying, which is precisely why the bears initially dismissed it.

  • Pillar Two: Geopolitical de-escalation extends the move.  A pure short-covering rally typically exhausts itself within a few sessions once the most exposed shorts are covered. What extended this one was sustained improvement in the Iran narrative. Ships began clearing the Strait of Hormuz blockade. The Islamabad negotiations shifted tone from bellicose to cautiously optimistic. Vice President Vance noted the “diplomatic off-ramp is wider than it was a month ago.” That war premium embedded in equity valuations began to dissolve, giving the short-covering rally a fundamental tailwind.

  • Pillar Three: Earnings season anchors the move.  Goldman Sachs posted EPS of $17.55 against expectations of $16.47. Morgan Stanley beat with $3.43 versus a forecast of $3.02. JPMorgan cleared the bar on nearly every metric. The financials sector handed the market a fundamental anchor at exactly the moment it needed one. As TheStreet contributor James ‘Rev Shark’ DePorre observed: “Investors are betting on the long-term strength of the U.S. economy, with AI as the primary driver. The Iran situation is being treated as a temporary distraction.”

So, who is likely right: the bulls or the bears?

Short-Covering Rally or Something More?

Every investor right now is trying to answer that question.

If there is a single dataset that most clearly distinguishes a short-covering rally from a genuine bull-market resumption, it’s sector rotation. Short-covering rallies tend to be narrow; they lift the most-shorted names while leaving cyclical and economically sensitive sectors behind. Genuine recoveries broaden. The sector data from the wartime selloff (February 27 to March 30) compared to the recovery (April 7 to April 17) tells a very clear story.

Breadth has also improved sharply, but there is certainly more room to broaden.

However, that rotation is exactly what you want to see following a geopolitical shock. Energy, the wartime beneficiary, has given back its gains. Technology has led the recovery. Consumer discretionary has followed, with Friday’s cruise sector surge (Royal Caribbean, Norwegian, Carnival all up 9%+) signaling consumers are betting on normalcy. Industrials and financials have contributed. And the Russell 2000 has outperformed the S&P 500 by a margin that argues for something well beyond a short-covering rally. That’s five of eleven sectors posting meaningful gains with genuine fundamental drivers behind each.

Another important factor right now is earnings. As we noted earlier this week, Goldman Sachs is maintaining its year-end S&P 500 target of 7,600. That target is premised on $309 per share in 2026 earnings and 12% growth, which they describe as “a fundamental floor.” In their view, this is more supportive of a bull market.

“The bull market is maturing, not ending. With 12% earnings growth acting as a safety net, the transition offers a more sustainable path.

On the other hand, we must also consider the bears’ argument. The argument that this is “just a short-covering rally” with no staying power may be true, but it gets harder to sustain when you study the historical record for geopolitical shocks of comparable magnitude. Across more than 20 major events since World War II, the pattern is consistent: markets recover faster than most investors expect, and the investors who stay disciplined through the short-covering rally phase and into the recovery tend to come out ahead.

The current episode has already outpaced the average recovery time of under 60 days, completing its round-trip to new highs in just 21 days. The speed is notable, comparable to the post-Iraq War recovery of 2003, which went on to produce a 33.7% 12-month return. The COVID comparison (148 days to recover, then +43.6% over six months) is also instructive. What initially looked like a mechanical short-covering rally in April 2020 turned out to be the opening act of one of the most powerful bull markets of the modern era. The key distinction in all these cases is what’s happening beneath the surface, and in 2026, that’s increasingly constructive.

The weight of evidence has shifted. At the start of this week, our scorecard was roughly balanced — three confirmed bull signals against three legitimate bear concerns. As of Friday’s close, the bull case has added three material confirmations: Russell 2000 at a new ATH (breadth), oil’s single-session collapse (geopolitical resolution), and sector rotation into cyclicals (genuine buying, not short-covering alone). The bear case retains one critical point: RSI at 72.3 argues for near-term patience on new entries, not a reversal of the trend.

The verdict: This is no longer a short-covering rally. It was one when it started. It isn’t one anymore. The transition from a mechanical short-covering rally to a fundamental bull market resumption typically happens when:

  • The shorts have been largely covered,

  • Breadth expands,

  • Sector rotation confirms the recovery is economic rather than positioning-driven, and

  • A fundamental catalyst removes the original trigger for the selloff.

As of Friday, all four conditions have been met.

🔑 Key Catalysts Next Week

The calendar pivots from bank earnings to the consumer and Big Tech, with March Retail Sales, Tesla, and the final pre-FOMC sentiment read all compressed into five sessions. The April 27–28 FOMC meeting looms, with the Fed in its quiet period. That means every data point this week will be interpreted through the lens of what it means for rate policy under new Chair Kevin Warsh (assuming confirmation by then) or lame-duck Powell.

Tuesday’s March Retail Sales is the week’s economic anchor and the first consumer spending report to fully capture the oil price spike at the pump and the tariff pass-through into goods prices. February’s report was already soft. If the control group, which feeds directly into the GDP nowcast, contracts, the slowdown narrative hardens further heading into the FOMC. Pending Home Sales will also tell us whether buyers are pulling back as mortgage rates reverse higher. UnitedHealth reports that morning as well, and with the healthcare cost trend approaching 11% and Medicare Advantage pressure weighing on the managed care sector, a read on both healthcare inflation and corporate margins will be important.

Wednesday is the marquee earnings day. Tesla after the close is the event: Q1 deliveries already missed expectations, margins are under pressure, and the street is trying to price a company that’s spending aggressively on AI and robotaxi infrastructure while the core auto business decelerates. Musk’s macro commentary will move futures. IBM (IBM) reports the same evening that the AI enterprise revenue trajectory is critical following February’s 13% single-day plunge amid fears of disruption from Anthropic. ServiceNow (NOW) is also the SaaS bellwether, with its “Now Assist” agentic AI product now past $600 million in ACV. Philip Morris (PM) that morning tests consumer pricing power with $500 million in guided tariff headwinds.

Friday closes with a one-two punch: Durable Goods Orders for the capex demand signal, and the final UMich Consumer Sentiment reading for April. The inflation expectations embedded in UMich are the last data point the Fed will see before convening. A spike in five-year expectations above 3% would all but guarantee a hawkish hold, while a decline would crack the door for dovish language.

In a nutshell, Retail Sales will tell us if the consumer is breaking. Tesla will tell us whether the growth premium is justified, and UMich will signal the Fed’s next move. All with the FOMC one week away. Position defensively into Wednesday’s close.

What To Do If You Missed The Rally

This is the most emotionally loaded question in the room. If you have been listening to the “Perpetual Purveyors Of Doom,” you watched a short-covering rally turn into an 11% surge and a new all-time high, and now you’re wondering whether to chase it. The instinct is understandable. The discipline required to resist the “negative commentary” is what separates good investors from the rest.

Here’s what history consistently shows: most breakouts that begin as a short-covering rally, and then sustain above key moving averages, offer a secondary entry point within 4 to 6 weeks of the initial move. Markets rarely transition from correction lows to sustained new highs in a straight line. The more common path involves:

  • An initial surge (the short-covering rally phase),

  • A consolidation or shallow retest of former resistance, and

  • Then a continuation move. That retest is your entry.

Therefore, as shown below, depending on how you are currently invested, you can take actions to navigate whatever comes next.

The macro backdrop hasn’t been cleared of all risk, as oil remains above $90 per barrel, inflation is sticky, and the Fed has no near-term rate cuts in the pipeline. The ceasefire is fragile, and the Islamabad negotiations haven’t yet produced a signature. Any deterioration on those fronts is a reason to reduce exposure, not add to it.

What we are watching most closely over the next two to three weeks isn’t the price level, it’s the breadth confirmation. We want to see the percentage of S&P 500 stocks above their 200-day moving average cross back above 60%, then 70%. We want to see volume improve on up-days and dry up on pullbacks. And we want to see earnings season deliver results that justify the multiple, not just the sentiment reset that a short-covering rally provides.

BOTTOM LINE:  The S&P 500’s return to all-time highs is technically significant, but significance and sustainability are not the same thing. Yes, a short-covering rally lit the fuse, but the sustained move above the 200-day moving average, the improving VIX, and the early earnings beats suggest something more durable may be taking shape. History is clear that markets recover from geopolitical shocks faster than almost anyone expects. The investors who come out ahead aren’t the ones who chase; they’re the ones who use pullbacks to build positions in quality names, maintain discipline on stops, and resist the urge to mistake speed for safety. The next two to three weeks of earnings will tell us whether this is a new leg higher or the best exit ramp before a retest.

Trade accordingly.

Tyler Durden
Sun, 04/19/2026 – 12:50

Marjorie Taylor Greene Amplifies Viral Doubts About Butler Assassination Attempt

Marjorie Taylor Greene Amplifies Viral Doubts About Butler Assassination Attempt

Former Congresswoman Marjorie Taylor Greene has drawn attention to a detailed personal account from a longtime Trump supporter who now questions key elements of the July 13, 2024, assassination attempt on then-candidate Donald Trump at a campaign rally in Butler, Pennsylvania.

In an April 12 post on X, Trisha Hope, a self-described J6 activist and 2024 Republican National Convention delegate from Texas, details how she shifted from staunch MAGA supporter to skeptic –  writing “I learned of the attempt on Trump’s life at the Butler rally.  I was in the middle of having dinner at a restaurant in Little Rock, AR.”

Then, at the convention, she thought it was strange that Trump opened his speech by saying he would recount the incident “exactly” once because “it’s actually too painful to tell,” which she found out of character for someone who makes everything about himself. Hope also thought that the ‘ICONIC’ photograph of Trump rising with fist raised, shouting “FIGHT, FIGHT, FIGHT” was weird and “perfectly timed” with a flag lowering and Secret Service agents positioned as if for a staged shot.

“Following the inauguration, I found it odd that Trump wasn’t going aggressively after those who allowed this to happen.  He seemed to behave like it was no big deal,” she writes, adding that Trump later promoted Sean Curran – the agent visible in the white shirt in that photo – to head of the Secret Service on January 22, 2025, rather than dismissing anyone for security failures. She also questions Trump’s limited subsequent references to the event, except to say he “took a bullet for us,” and argues that Corey Comperatore’s death was necessary to make the incident believable, while his widow has been denied ongoing answers. Hope concludes by urging readers to apply “critical thinking skills” and have “at least some questions.”

“Instead of his SS detail being terminated as they should have been, Trump made the gentleman in the white shirt the HEAD of the Secret Service on January 22, 2025.  Instead of losing his job Sean Curran was given a massive promotion,” she said. 

Greene – a former MAGA loyalist whose split with the party over the Epstein files, airstrikes on Iran, Trump’s continued support for Israel and the Gaza conflict, and US involvement in Ukraine – led to her November 2025 resignation from Congress, amplified the post six days later. 

“Extremely important post worth the read and consideration. Corey Comperatore’s family deserves to know the truth about Matthew Crooks and what happened in Butler on July 13, 2024,” Greene wrote. “President Trump, of all people, should be leading the charge. Why isn’t he? That’s the question.”

The Official Story

According to the FBI, congressional investigations, and law enforcement accounts, 20-year-old Thomas Matthew Crooks of Bethel Park, Pennsylvania, acted alone when he fired eight rounds from an AR-15-style rifle from the roof of a building near the Butler Farm Show grounds. The shots grazed Trump’s right ear, killed 50-year-old volunteer firefighter and former fire chief Corey Comperatore (who was shielding his family), and critically injured two other attendees, David Dutch and James Copenhaver. A Butler County Emergency Services Unit officer and a Secret Service counter-sniper returned fire; Crooks was killed on the roof. The FBI has stated after extensive interviews and analysis that Crooks acted alone, though questions about his motive have persisted. Security lapses were acknowledged, including how Crooks was able to access the rooftop despite local police spotting him earlier, but the incident was classified as a genuine assassination attempt.

The Official Doubt

A growing number of voices – particularly from within former Trump-supporting circles – aren’t buying it – arguing that the iconic photograph appeared too perfectly composed to be spontaneous, with the flag lowering in sync, agents seemingly posing, and Trump allowed to stand exposed on stage for the image. Some note Trump’s RNC remarks as unusually curt, suggesting an intent to shut down further discussion rather than capitalize on the drama. Critics highlight the promotion of a Secret Service agent involved in the detail instead of widespread firings or accountability, and Trump’s relative silence on the matter afterward beyond occasional references to “taking a bullet.”

Skeptics also note several early security lapses and immediate post-incident actions as further reason to question the official timeline. Video and photographs show FBI investigators hosing down the rooftop where Crooks was killed the day after the shooting, arguing the scene was cleaned too quickly and that biological evidence was potentially lost. 

Then there’s police radio chatter that captured officers spotting Crooks, losing sight of him, and struggling to clearly relay the escalating threat between local law enforcement and the Secret Service – communications that were later explained as coordination failures but struck many as highly unusual. Multiple confirmed reports show Crooks was identified as suspicious, photographed with a rangefinder roughly 90 minutes before the shooting, and was spotted on the roof by Secret Service snipers about 20 minutes before he fired – details critics say should have prompted immediate action to remove Trump from the stage or secure the building.

What say you?

Tyler Durden
Sun, 04/19/2026 – 12:15

Warrantless Surveillance Fight Again Ignites Massie vs. Trump Showdown

Warrantless Surveillance Fight Again Ignites Massie vs. Trump Showdown

Via The Libertarian Institute

President Donald Trump said Congress must extend Section 702 of the Foreign Intelligence Surveillance Act (FISA) even if it means giving up “rights and privileges.” Section 702 allows for the collection of Americans’ data without a warrant. 

In a post on Truth Social, Trump urged House Republicans to reject any amendments to the legislation that would extend Section 702. “I am asking Republicans to UNIFY, and vote together on the test vote to bring a clean Bill to the floor,” he wrote. “We need to stick together when this Bill comes before the House Rules Committee today to keep it CLEAN!”

Republican Congressman Thomas Massie attempted to introduce three amendments to the legislation that would have required law enforcement to obtain a warrant before collecting Americans’ data. His amendments were rejected. 

Trump argued that he and Americans should be willing to sacrifice their 4th Amendment right to privacy in exchange for security.

“While parts of FISA were illegally and unfortunately used against me in the Democrats’ disgraceful Witch Hunt and Attack in the RUSSIA, RUSSIA, RUSSIA Hoax, and perhaps would be used against me in the future, I am willing to risk the giving up of my Rights and Privileges as a Citizen for our Great Military and Country!” He added, “Our Military Patriots desperately need FISA 702, and it is one of the reasons we have had such tremendous SUCCESS on the battlefield.”

Congress last voted to extend Section 702 in 2024. If Congress does not pass a new extension, the government’s Section 702 powers will expire on Monday. The House is currently considering an 18-month extension. 

During the debate in 2024, Trump, who was then a Republican Presidential candidate, demanded Congress terminate FISA. “KILL FISA, IT WAS ILLEGALLY USED AGAINST ME, AND MANY OTHERS. THEY SPIED ON MY CAMPAIGN!!!” Trump wrote

House Speaker Mike Johnson is seeking to fulfill Trump’s demand to extend Section 702 before the deadline.

However, he is struggling to pressure enough Republicans to vote for the legislation without amendments. Capitol Hill sources told Politico that a vote is unlikely to happen this week as Johnson does not believe enough Republicans will vote for the bill.

* * *

Massie, a Trump defying Republican and Libertarian-leaning firebrand, is up for reelection in the House…

Tyler Durden
Sun, 04/19/2026 – 11:40

Uranium Supply Crunch Worsens Amid Kazakhstan’s Plan For Strategic Reserve

Uranium Supply Crunch Worsens Amid Kazakhstan’s Plan For Strategic Reserve

Drawing further attention to the global uranium supply-demand mismatch that we’ve been pounding the table on since 2020, Kazakhstan has outlined plans to accelerate exploration and create a strategic reserve for the nuclear fuel. 

We’ve repeatedly emphasized that the US is not moving fast enough if it hopes to secure fuel for its reactor fleet…

The strategy, approved by President Kassym-Jomart Tokayev, calls for geological work on at least two new prospective deposits each year. The goal is to uncover high-potential resources while advancing development on already explored sites to refine estimates, extraction methods, and launch preparations.

Kazakhstan, the world’s top uranium producer with roughly one million tonnes of confirmed resources (14 percent of the global total as of early 2025), operates 14 extraction enterprises across multiple regions. 12 are joint ventures with partners from China, Russia, France, Canada, and Japan.

Kazakhstan stands alongside Australia and Canada as the main source of uranium ore imports to the US…

The document emphasizes guaranteeing long-term domestic supply for future nuclear power plants, strengthening export positions, and ensuring reliable sulfuric acid deliveries for in-situ leaching. It also envisions new alternative extraction technologies and full loading of future conversion, enrichment, and fabrication facilities with domestically sourced uranium.

As we highlighted in “Why The Price Of Uranium Is About To Soar,” a widening cumulative net deficit of 211 million pounds between 2025 and 2045, driven by reactor builds in China, Russia, and the United States, is already pushing long-term prices higher. Spot uranium recently traded near $86 per pound, with Goldman Sachs models pointing to roughly $91 by year-end 2026.

We also covered earlier this year on how hyperscalers such as Microsoft are actively exploring uranium-backed projects to secure zero-carbon electricity. With data center capex nearing $1 trillion over the last six years, data center developers have decided now is the time to check for fuel.

More countries are likely to announce strategic uranium reserves as the supply outlook for the industry becomes more bleak by the week…

China is adding reactors at breakneck speed and India is now looking to catch up, but the US is still grossly behind the rest of the world when it comes to construction of large-scale grid-supporting reactor plants…

With the US still nearly completely reliant on the import of raw uranium ore, domestic producers such as Energy Fuels and Uranium Energy Corp stand to be called upon and supported by federal and state governments to reduce what could be framed as a national energy security threat. 

Tyler Durden
Sun, 04/19/2026 – 11:05

Is A “Vicious” Treasury Market Emergency At Our Doorstep?

Is A “Vicious” Treasury Market Emergency At Our Doorstep?

 Submitted by QTR’s Fringe Finance

When Henry Paulson steps back into the public conversation after years of relative silence, it’s not random timing. This is someone who sat at the center of the 2008 financial crisis and understands how quickly confidence can evaporate once stress begins to build in core markets.

Paulson also appears to be one of about…oh, I don’t know…six people in the entire nation who know that $39 trillion in debt is an unsustainable level for the country.

If you ask me, his recent interview with Bloomberg that is being passed around by traders should be read less as random innocuous commentary and more as a timing signal.

In his interview, Paulson is explicitly warning that the scale of U.S. borrowing is now testing confidence in the Treasury market itself. With federal debt approaching $39 trillion, he points to the risk that the long-standing assumption of endless demand for U.S. government debt may no longer hold.

As he put it, “That’s a dangerous thing,” describing a scenario where foreign demand declines and Treasury prices fall. That is not a small shift in tone. The entire global financial system is built on the idea that Treasuries are the ultimate safe asset, and once that perception begins to weaken, the consequences cascade quickly.

What stands out even more is what he says next about how such a situation would resolve: “Should enough investors back out… the Federal Reserve would step in as a buyer of last resort.”

And as we all know, a “buyer of last resort” is simply another way of describing a return to large-scale intervention by the Federal Reserve. Whether policymakers call it stabilization, liquidity support, or something else (like the A.S.S.H.O.L.E.S. plan), the mechanism is the same: the central bank absorbs supply when the market no longer can. In other words, quantitative easing returns.

That leaves two realistic interpretations of why Paulson is speaking now.

  1. Either he sees early signs of stress already forming beneath the surface of the Treasury market—declining foreign participation, weakening liquidity, or rising yields that are no longer being absorbed smoothly.

  2. Or he is helping prepare the narrative for the policy response that will follow when those stresses become undeniable. Those two possibilities are not mutually exclusive. In fact, they often occur together.

His comments about needing an emergency response framework make that even clearer. He said, “We need an emergency break-the-glass plan… ready to go when we hit the wall,” and followed it with “It will be vicious.”


🔥 50% OFF FOR LIFE: Using this coupon entitles you to 50% off an annual subscription to Fringe Finance for life: Get 50% off forever


Notice he said when we hit the wall, not if.

That is not the language of a former official casually discussing long-term fiscal challenges. It is the language of someone who expects a disorderly adjustment and understands how quickly conditions can spiral once confidence breaks.

Markets already assume that after the next deleveraging cycle, central banks will return to QE. That part is widely understood. What is not fully appreciated is the implication if the stress originates inside the Treasury market itself. Treasuries are not just another asset class. They underpin global collateral systems, anchor borrowing costs across the economy, and support the U.S. dollar reserve currency status. If confidence in that market begins to erode, the feedback loop is far more severe than a typical recessionary downturn.

In that scenario, the Federal Reserve stepping in as the marginal buyer would not simply stabilize markets. It would fundamentally alter how capital allocates globally. Real yields could compress rapidly, confidence in fiat stability could weaken, and capital could rotate into hard assets at a pace that exceeds even aggressive expectations. The move would not just be cyclical, it would be structural.

The second-order risk is even more significant. If foreign demand for Treasuries fades and the U.S. increasingly relies on its own central bank to finance deficits, the signal to the rest of the world is unmistakable. That is how pressure begins to build on a reserve currency. An FX adjustment tied to the dollar is not the base case today, but neither was a systemic breakdown in mortgage markets prior to 2008. These transitions always look implausible until they are suddenly obvious.

The key point is that Paulson is not someone who reappears without purpose. He understands the plumbing of the system and the fragility that sits beneath it when leverage is high and confidence is stretched. His warning that “We have to prepare for that eventuality” should not be dismissed as generic caution. It suggests that the risks are no longer theoretical.

There is more in his comments than a simple observation about rising debt levels. Either he sees stress forming already, or he is preparing markets for the policy response that will follow when that stress becomes visible. In both cases, the implication is the same: something larger is developing beneath the surface of the Treasury market, and when it breaks into the open, the consequences will extend far beyond bonds.

For portfolio ideas for this scenario, read this article at Fringe Finance here

QTR’s Disclaimer: Please read my full legal disclaimer on my About page hereThis post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier.

The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

Tyler Durden
Sun, 04/19/2026 – 10:30

“No More Mr. Nice Guy”: Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes

“No More Mr. Nice Guy”: Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes

By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt. There were multiple incidents of tankers U-turning over the last 24 hours. At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait.

The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in place and US-Iran diplomatic channels appear active.

President Trump told Fox News that special envoy Steve Witkoff is traveling to Pakistan for talks with Iranian negotiators, suggesting the Trump team and US Secretary of State Marco Rubio are still pursuing a negotiated off-ramp.

Separately, Trump wrote on Truth Social that his representatives “will be there tomorrow evening, for Negotiations.”

Trump also renewed threats made earlier this month to “knock out every single Power Plant, and every single Bridge, in Iran” if no deal is reached, warning that “they’ll come down fast, they’ll come down easy.”

Confirmation of another round of upcoming US-Iran talks comes one day after Iran shuttered the Hormuz, citing the US Naval blockade that remains in place.

The odds of shipping traffic returning to normal on the Hormuz by the end of the month are currently around 28% on Polymarket. Those odds just hours ago, early Sunday, stood around 18%.

Strait of Hormuz traffic returns to normal by end of April?
Yes 28% · No 72%
View full market & trade on Polymarket

Overnight, Mohammad Bagher Ghalibaf, speaker of the Iranian parliament, admitted on national television that there had been “progress” with Washington, but that there were many gaps and some fundamental points remained.

“We are still far from the final discussion,” said Ghalibaf, one of Tehran’s top negotiators.

Ghalibaf continued, “If America does not lift the blockade, traffic in the Strait of Hormuz will definitely be limited.”

Trump has accused Tehran of getting “a little cute” with its flip-flopping on the strait that was reopened on Friday but abruptly closed on Saturday morning.

Trump’s full Truth Social post from earlier:

Iran decided to fire bullets yesterday in the Strait of Hormuz — A Total Violation of our Ceasefire Agreement! Many of them were aimed at a French Ship, and a Freighter from the United Kingdom. That wasn’t nice, was it?

My Representatives are going to Islamabad, Pakistan — They will be there tomorrow evening, for Negotiations. Iran recently announced that they were closing the Strait, which is strange, because our BLOCKADE has already closed it.

They’re helping us without knowing, and they are the ones that lose with the closed passage, $500 Million Dollars a day! The United States loses nothing. In fact, many Ships are headed, right now, to the U.S., Texas, Louisiana, and Alaska, to load up, compliments of the IRGC, always wanting to be “the tough guy!”

We’re offering a very fair and reasonable DEAL, and I hope they take it because, if they don’t, the United States is going to knock out every single Power Plant, and every single Bridge, in Iran.

NO MORE MR. NICE GUY! They’ll come down fast, they’ll come down easy and, if they don’t take the DEAL, it will be my Honor to do what has to be done, which should have been done to Iran, by other Presidents, for the last 47 years. IT’S TIME FOR THE IRAN KILLING MACHINE TO END! President DONALD J. TRUMP

Latest headlines:

Strait of Hormuz Crisis

  • Shipping in the Strait of Hormuz was at a near standstill early Sunday after Iran reversed its decision to reopen the waterway and fired on vessels attempting to pass (BN)

  • Several LNG tankers reversed course en route to the Strait of Hormuz after Iran warned ship captains that the vital channel is once again closed to maritime traffic (BN)

  • Two Indian vessels reported firing and returned to the Persian Gulf (BN)

  • Iran’s foreign ministry says US naval blockade is a ‘violation’ of ceasefire (AFP)

US-Iran Negotiations

  • Trump said his special envoy Steve Witkoff is traveling to Pakistan for talks with Iran on Tuesday, with talks potentially lasting into Wednesday (BN)

  • Trump says US negotiators will be in Pakistan on Monday for talks with Iran, resuming negotiations after the Strait of Hormuz standoff escalated (APW) (APW)

  • Iran says ‘commitment for commitment’ policy in US talks (NS8)

Trump’s Threats and Statements

  • Trump renewed threats to ‘knock out every single Power Plant, and every single Bridge, in Iran’ if no deal is reached (BN) (AFP)

  • Trump said Iran has committed a ‘serious violation’ of the ceasefire but a peace deal is still possible, stating ‘It will happen. One way or another. The nice way or the hard way’ (BN) (JPT)

  • Trump tells Fox US has massive ammunition prepared against Iran (BN)

Regional Impact

  • The standoff threatens to deepen the energy crisis roiling the global economy and undermine expectations of an imminent peace deal (BN)

  • Analysis suggests America’s Iran operations may help China edge out US influence in Southeast Asia, with several NATO allies distancing themselves from Washington (SMP)

The previous day’s US-Iran wrap:

Other Polymarket Iran Predictions:

US x Iran permanent peace deal by May 31, 2026?
Yes 63% · No 38%
View full market & trade on Polymarket

Kharg Island no longer under Iranian control by May 31?
Yes 13% · No 88%
View full market & trade on Polymarket

. . . 

Tyler Durden
Sun, 04/19/2026 – 09:55

Fury As Nigerian Migrant Caught Cooking Cat In Public Park Next To Children’s Playground

Fury As Nigerian Migrant Caught Cooking Cat In Public Park Next To Children’s Playground

Authored by Steve Watson via Modernity.news,

A Nigerian immigrant was arrested in Sarzana, Italy after local residents spotted him roasting a freshly killed cat on a makeshift barbecue in a Park—right beside a children’s playground.

The man, described as shoeless, had set up a grate over an open fire in the Crociata public space dedicated to a local partisan commander. Passersby called the carabinieri (Italian police), who arrived to find him in the act. He was charged with animal cruelty offences.

The shocking scene, captured in photos that quickly spread online, has triggered nationwide anger in Italy. Deputy Prime Minister Matteo Salvini branded it “a heinous act that must not go unpunished.”

Sarzana’s Administrative Officer and Security Councillor Stefano Torri reacted with fury, urging “What happened this afternoon in Crociata Park is an atrocious act that cannot and should not have a place in a civilised society,” he stated.

Torri went further: “As an Administration, we are ready to reiterate strongly: we will not allow anyone to come into our territory to import sick and barbaric customs and customs. Those living in our country have a duty to respect our laws and our sensitivity towards animals. We won’t tolerate our land being turned into a theatre of the uncivilised by those who have no respect for the rules of civil life.”

He promised improved safety measures and to “return it to the citizens,” adding that the administration is working on a tender to bring “positive aggregation, order, light and legality” back to the park.

It remains unclear whether the cat was a family pet or a stray.

Apparently this is quite common place among the new Italian populace:

Nor is it isolated across the West. Just last month we reported on migrants filmed catching and butchering swans and ducks in parks and canals across the UK and Ireland.

Protected birds were trapped in crude wire cages, snatched from waterways, and prepared for consumption in scenes that left locals stunned.

These cases drew direct parallels to Springfield, Ohio, where Haitian migrants faced accusations of grabbing ducks by the neck, decapitating them in parks, and taking them home to eat.

A city commission meeting heard residents testify to the practice, and a clip later surfaced showing the city manager admitting he had “heard about” the reports of Haitian migrants eating pets—despite frantic media efforts to dismiss the claims as baseless.

The pattern is unmistakable. Open-border policies continue to import individuals en mass with entirely incompatible habits that clash with basic Western norms

Public parks are meant for families and children, not open-air barbecues of neighbourhood cats. When authorities have to step in to “return” spaces to the people who actually built and maintain them, it’s a damning indictment of how far unchecked immigration has already gone.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Sun, 04/19/2026 – 09:20

Huge Provocation: Russia-Installed Official In Ukraine Hosts Talks With North Korean Envoy

Huge Provocation: Russia-Installed Official In Ukraine Hosts Talks With North Korean Envoy

Both Kiev and Washington have been met with a new provocation related to North Korea’s role in supporting Russia during the over four-year long Ukraine war, at a moment Russia continues to claim sovereignty over Donetsk, Kherson, Luhansk and Zaporizhzhia oblasts.

Ukraine and its Western backers have vehemently rejected Russia’s hold on Ukrainian territory, and efforts to annex and politically normalize the occupation. But now, for the first time a Russian-installed official in Kherson is hosting North Korean diplomats in an ‘official’ capacity

Vladimir Saldo (left) and Shin Hong Cheol.

“A Russian-installed official in occupied southern Ukraine has held talks with North Korea’s ambassador in Moscow, discussing potential cooperation in agriculture and other sectors, according to statements and media reports,” writes The Moscow Times.

It highlights the deepened political and defense ties between Pyongyang and the Kremlin amid the Ukraine war, which the Kim Jong Un government sees as a war of NATO imperialist aggression:

Vladimir Saldo, the Moscow-appointed head of the Russian-controlled part of Ukraine’s Kherson region, met North Korean Ambassador Sin Hong Chol at the North Korean Embassy in Moscow, South Korea’s Korea JoongAng Daily reported.

Saldo later published photographs of the meeting on social media, saying the sides explored possible collaboration in agriculture and humanitarian initiatives, as well as culture, sports and education.

But there’s huge symbolism in the meeting, also in seeking to publish news of it far and wide. Russia has long demanded international political recognition of its militarily-held territories in Ukraine. This recognition is expected to start with its closest allies – but for now has stopped there.

Previously, it became well-known that North Korea sent at least 10,000 of its troops to help Russia in Ukraine. The CIA and Western countries expressed deep alarm over this.

International reports based on South Korean intelligence estimates earlier this year said that around 2,000 North Korean soldiers have been killed while fighting alongside Russia so far.

Now it seems the Kremlin is ready to increasingly play host to North Korean officials and greet them with open arms, working on bilateral deals and partnering in programs in agriculture and public programs.

Tyler Durden
Sun, 04/19/2026 – 07:35