CEO C6 Capital Holdings LLC Website: https://teapawt.org/t.co/px1MHDaxhW YouTube: https://teapawt.org/t.co/wmVEDzqobJ Podcast: https://teapawt.org/t.co/ExHcucK1a3
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Mark Rossano retweeted
US 30-YEAR TREASURY AUCTION TAILS AS DEMAND WEAKENS
The US 30-year Treasury auction cleared at 5.441%, above the 5.437% when-issued yield, producing a 0.4-basis-point tail despite a sharp decline from the previous auction's 5.618% yield.
The bid-to-cover ratio fell to 2.36 from 2.54, signaling weaker demand.
Indirect bidders took 68.1%, down from 72.3%, while direct bidders took 20.5%, versus 20.9% previously.
Lower yields masked softer auction demand, with the tail suggesting investors required a modest concession.
Mark Rossano retweeted
Here comes daddy:
China's refined oil product export plans for November are provisionally set at 5.17 million tonnes, up 1.28 mln t, or 33%, from October, indicating a significant increase in planned overseas shipments.
Mark Rossano retweeted
US Consumer Prices are now 14% above where they would be had inflation actually averaged 2% since January 2020.
The Fed should be hiking rates at every meeting until that gap is erased.
Instead, it continues to tolerate the destruction of purchasing power while pretending its 2% inflation target still means something.
A central bank that refuses to defend its own target has lost all credibility.
Mark Rossano retweeted
Prices are rising faster than paychecks.
Inflation-adjusted wages fell 0.7% from a year earlier, the sixth straight monthly decline and the worst stretch in more than three years.
Consumer prices rose 3.7% over the past year, led by a 9.1% jump in gasoline.
Mark Rossano retweeted
Ugly 10Y Auction: Foreign Demand Plummets, Directs Soar, Resulting In Biggest Tail Since February zerohedge.com/markets/ugly-1…
Mark Rossano retweeted
US CORE INFLATION ACCELERATES TO HIGHEST LEVEL SINCE JANUARY 2025
US core CPI accelerated to 3.7% annualized over the past three months, its highest reading since January 2025.
Supercore inflation surged to 5.5% annualized, the strongest pace since April 2024, up from 4.6% in September.
Meanwhile, the six-month core CPI rate eased to 2.7% from 2.9%.
An unofficial estimate puts annual core inflation at 2.74%, up from 2.56%.
Mark Rossano retweeted
Attacks on shipping in the Strait of Hormuz remain the main concern for #fertilizer markets. Another Saudi #phosphate cargo, a Sabic #urea cargo, and two Qatari urea shipments escaped the waterway last week, along with more than 100kt of #sulphur (1/3)
Mark Rossano retweeted
BREAKING: US data center construction spending jumped +90% YoY in September, to a record annualized rate of $96.5 billion.
This also marks the largest YoY increase in 10 years.
This figure is now risen more than +60% YoY for 4 consecutive months.
Since the start of 2024, data center construction spending has nearly quadrupled.
Meanwhile, general office construction spending fell -8% YoY in September, to $46.0 billion, near its lowest level since January 2016.
This brought the gap between data center and general office construction spending to a record $50.5 billion.
Overall, US construction spending fell -1.9% MoM in September, its biggest monthly decline since April 2020.
The AI infrastructure buildout is transforming the US economy.
Mark Rossano retweeted
Egyptian urea is at $535/t FOB, up 17% since September.
Gas supplies to fertilizer plants were cut by 20% on Nov 1. Now MOPCO, one of Egypt’s largest producers, says its cut has reached 33%.
Egypt exports around 3.6 MMT of urea annually.
Prices are already up. How much production could be lost?
#fertilizer #urea #oatt
Mark Rossano retweeted
For this week's ratio chart update, I'm including all the years data we have to show just how high today is.
They all say the same: farmers are spending far more bushels to pay for their fertilizer.
Standout remains phosphate which is setting Nov/Dec all-time high's.
Mark Rossano retweeted
The gas turbine supply crunch rages on⚠️⚠️
📈 Mitsubishi Heavy's large frame turbine orderbook expanded to 83 units (or 37 gigawatts) in end September
⚡ A boom in data centers has prompted utilities and technology companies to accelerate plans for new gas power plants
Mark Rossano retweeted
BREAKING: South Korea’s KOSPI collapses -9%, triggering a trading halt, after opening for the first time since today’s US market decline.
The index is now down -47% from its record high.
Mark Rossano retweeted
Take a look at the extra costs added by insurance and freight. So even if there is more oil flowing via Hormuz its at a higher cost #OOTT
Normally, the combined cost of freight and insurance represents around 3% of the total cost of crude or petroleum products.
By the end of January 2026, the total share of freight and insurance for very large crude carriers (VLCCs) from the Middle East to East Asia was around 5% of the total cost.
By the end of October 2026, however, this share averaged 30% of the total cost.
These exceptionally elevated costs are, in turn, transmitted across the entire value chain. They increase and prolong the cost burden on producing and consuming countries and place additional inflationary pressures on the global economy.
Read more in the new brochure ➡️ opec.org/assets/assetdb/who-…
Mark Rossano retweeted
Almost nobody is connecting these two stories.
Texas just elected a Democratic senator and governor. Texas is also where roughly 20% of America's data centers are supposed to get built.
James Talarico ran on a six point data center crackdown. Repeal the sales tax exemption. Make large energy users pay for their own grid infrastructure. Give local communities the power to reject projects outright.
His line all campaign: "Data centers are jacking up utility bills across the state of Texas."
The scale here is ABSURD. ERCOT's interconnection queue sits around 474 GW and roughly 90% of it is data centers. That queue is five times the entire peak demand of the Texas grid.
The EIA's high demand case has ERCOT North wholesale power prices running 79% above its February forecast by 2027.
And check this out… Abbott paused all new data center grid connections back in August pending an audit. BNEF analysts openly speculated the pause was timed to keep the issue off the table until after his November reelection.
He lost anyway.
The Texas legislature reconvenes in January. The utility commission's rulemaking deadline is December 31.
Btw, we're a team of 8 analysts, and we share all our moves in The Assembly, a private investing community of 3,700+ members.
Join from our bio before we reveal our next move. A lot of people will regret not joining.
Mark Rossano retweeted
5 Governor races are critical for the data center/AI trade
These Are The States Where Tuesday's Midterms Can Pull The Plug On Data Centers zerohedge.com/technology/the…
Mark Rossano retweeted
Global energy spending is on track to reach $3.4 trillion in 2026
Around $2.2 trillion of this is set to go to grids, storage, low-emissions fuels, nuclear, renewables, efficiency & electrification
And about $1.2 trillion goes to oil, natural gas & coal: iea.li/4x6k5IT
Mark Rossano retweeted
The geographic concentration of critical mineral supply chains continues to grow, especially for refining
Rare earths are the exception. The top supplier's share fell from 90% in 2023 to 85% in 2025
This shows progress is possible with policy support 👉 buff.ly/sjiRSNY
Mark Rossano retweeted
AIR FRANCE SAYS FLIGHTS TO AND FROM RIYADH ARE SUSPENDED UNTIL DEC 12, 2026
AIR FRANCE SAYS FLIGHTS TO AND FROM DUBAI ARE SUSPENDED UNTIL NOV 7, 2026
Mark Rossano retweeted
Italy electricity soared +307% from pre -Ukraine. And it may go much higher. #natgas
