The Shit to Know Thursdays

Alright man look, 

Another week, another STKT. Below is the juicy stuff, you know the rules.

Market Indices & Commodities

Politics
Trump and Musk Discussing Potential Role in Next Administration

Trump, the presumptive Republican nominee has had chats with Elon Musk about a potential advisory role, should Trump be re-elected. This would see Musk influencing policies on border security and the economy.

Musk has been voicing concerns over national issues more and more recently. He has also presented some pretty conservative views recently.

How would you guys feel about this? I don’t think it’s a bad thing, Elon is a clever guy…

China  
China Halts Beef Shipments

China has stopped US beef imports from a JBS plant in Colorado after traces of ractopamine (a feed additive drug banned in 160 countries) were detected in the beef headed for China.

JBS is the world’s largest beef producer, and is working on resolving the issue. This ractopamine is used to boost muscle growth in animals like pigs and cows. However, it can lead to heart issues so has been banned in the EU, and in 160 countries total.

Pretty concerning this shit could be in our food. I hope this is a one off…

Politics
Kim Sends Shit to South Korea

Kim Jong Un has sent hundreds of balloons filled with shit into South Korea.

Yesterday, hundreds of balloons were seen drifting into South Korea, some with the word ‘excrement’ even written on them. The South Korean government released images of some of the balloons having popped on city streets.

The South Korean government has deployed HAZMAT teams to clean-up the shit.

This is fucking grim. What sort of diplomacy is this?

Politics
Macron Backs Ukrainian Strikes Inside Russia

Emmanuel Macron, the French President, has said he supports Ukrainian forces in striking across their eastern border into Russia, rallying support within NATO for attacks inside Russia.

At a press conference on Tuesday, Macron stated that Russia has launched missiles from within their internationally recognized territory, which have been flown across the border into Ukraine’s easter region of Kharkiv. Macron said Ukraine should therefore be able to attack inside Russia to prevent these sorts of attacks.

NATO Secretary General, Jens Stoltenberg has also become increasingly supportive of the idea that Ukraine should be allowed to use NATO supplied weapons to strike inside Russia.

Sounds pretty reasonable to me, what do you think?

Markets
Goldman Says Buy China Stock Dip

China’s recent stock rally has certainly lost some momentum recently. This comes after the earnings season, which did not exactly suggest a strong profit recovery is underway. Also, the US government’s new tariffs on Chinese imports does not help boost confidence either.

What were the markets doing? Well, the CSI has fallen by about 3% since reaching a 7 month high on May 20. Hong Kong’s Hang Seng Index has also declined by roughly 4%.

Goldman Sachs strategists think this is a good time to buy Chinese stocks, given the dip. Seems smart, but risky too. But who doesn’t love a little risk?

Military
US Made Bombs Used in Deadly Strike in Rafah

Israel used US made bombs on Sunday in their attack on a refugee tent encampment in Rafah, killing 45 people including women and children. Over 200 more were injured.

Israeli president, Benjamin Netanyahu described the incident as a ‘tragic mistake’.

Well, the Biden administration said it did not cross the president’s ‘red line’. This is outrageous, if the killing of innocent women and children does not cross his damned ‘line’, then what the fuck does?

Thank you 
That’s all Boys

That’s all I have for you today guys, peace.