JPMorgan issues stark warning on 2026's most crowded trade

Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately open, no tolls, for unrestricted shipping traffic, in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged, until further notice. Other items, of far less importance, have been agreed to. I will be meeting now, in the Situation Room, to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP

Real gross domestic product (GDP) edged down 0.1% in March, partially offsetting February's increase (+0.2%) and driven by contractions in goods-producing industries. Goods-producing industries contracted 0.8% in March, more than offsetting February's expansion. This was the fifth decline in the last six months. The decrease in March was in large part a reflection of lower activity in the mining, quarrying, and oil and gas extraction sector and in the construction sector. Services-producing industries tempered the decline, edging up 0.1% in March, led by an increase in wholesale trade. Overall, 8 of the 20 industrial sectors contracted in March. Canada Dips Into Technical Recession for First Time Since 2020 - The Canadian economy edged into a technical recession as weak business and government spending drove a slight contraction in the first quarter. -Real gross domestic product fell by 0.1% on an annualized basis…

Fars News: Informed sources have rejected Trump's new claims about a possible deal with Iran, describing his remarks as 'a mixture of truth and lies' and an attempt to portray a fake victory. Iran Denies Trump Claims On Nuclear Deal – Fars News pic.twitter.com/azKIhLPINK FARS, CITING SOURCES, SAYS TRUMP'S COMMENTS ARE AN 'ATTEMPT TO PORTRAY A FABRICATED VICTORY' FARS: IRAN HAS STRESSED THAT AFTER THE US BLOCKADE IS LIFTED, IT WILL REOPEN THE STRAIT OF HORMUZ ACCORDING TO ITS OWN PRE-DETERMINED ARRANGEMENTS FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU