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Updated June 15, 2026

@KobeissiLetter Jun 15

The deficit spending crisis is in full-swing. The US Treasury's budget deficit fell -$23 billion YoY, or -7% in May, to $293 billion. However, adjusted for the timing of certain government payments that shifted between months, the May deficit would have been +$74 billion larger than a year ago. In the first 8 months of the FY2026, the US deficit hit $1.25 trillion, the 3rd-highest in history. This is only below the $1.37 trillion recorded over the same period in FY2025 and the $2.06 trillion seen during the 2021 pandemic recovery. Meanwhile, net interest rose +$59 billion YoY, or +8% in the first 8 months of the FY2026, to a record $723 billion, tracking as the 2nd-largest government outlay only behind Social Security. There is no long-term plan here.

@unusual_whales Jun 15

France’s President Macron: Re-opening of Hormuz must be done without tolls

@unusual_whales Jun 15

VP Vance: Already signed the deal digitally yesterday, and there's been no money released and that won't change

@unusual_whales Jun 15

Hezbollah has said it has not performed any military operations since deal sent.

@glassnode Jun 15

bitcoin:native rebounded from a low near $60K as selling pressure eased and options markets unwound fear. With volume, open interest, and capital flows still weak, the move looks more like stabilization than a confirmed reversal. Read this week’s Market Pulse👇 https://t.co/lPQ0AJNzGl

@unusual_whales Jun 15

Iran has said the memorandum of understanding with US is being finalized.

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