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An 11th hour U.S.-Iran cease-fire has triggered a spectacular rally for stocks and the opposite for oil prices.

That’s even as a lasting deal has not been agreed, with an estimated 800- plus stranded vessels in the Persian Gulf.

The worry for some is that the sharp stock rebound may be getting ahead of itself. In that camp is a senior trader at Goldman Sachs, Rich Privorotsky, who sees major risk ahead as the market tries to “move past Iran.”

In a note to clients, Privorotsky cautioned that “this isn’t a great level to chase,” with regard to the S&P 500

He noted that the index had already recouped two-thirds of losses incurred when the conflict began in late February; from its most recent record high in January, the S&P 500 was down about 5%.

Commenting that “cease-fires are fragile by definition,” Privorotsky said strikes have been seen overnight across the Gulf region despite the cease-fire. “You can hand-wave some of that as lag effects, but the disagreement around proxies (e.g. Lebanon with Israel) leaves plenty of scope for this to break,” he said.

The market will ultimately judge “actual flows through the Strait over time,” he said. “I struggle to see new highs for equities, but positioning still argues for forced buying to run its course first.”

Not sure if this is common knowledge in the community but I discovered today that...

1/4" thick plywood cut down to 11 1/4" x 15 1/4" sheets fits perfectly into the slots intended for the drawers in the 10 Drawer Rolling Cart by Simply Tidy (currently on sale for $29 at Michaels, regularly $49).

Without any other modifications, this makes 9 pull out shelves that can each hold a 6x9 Gridfinity grid, providing 486 grid squares (54 per shelf) in a very compact space.

A few minor modifications to move the two top cross braces should allow adding a 10th shelf, for a grand total of 540 grid squares.

Caveats:

You'll probably want to use a base plate that can be screwed down, because there are no walls on these shelves to keep the base plate in position.

The frame is too flimsy to store anything very heavy (e.g. socket sets, 1-2-3 blocks, crowbars, etc), but it looks like it'll be great for holding lots of random nuts, bots, screws, washers, assorted usb cables, art & jewelry making supplies, microscope slides, and other doodads and whatnots in an very compact space for super cheap (as long as you have the means to cut the plywood precisely).

You could skip the plywood and just use the drawers that it comes with, but the sloping sides of the drawers severely impacts the space available for the grid, allowing for only a 5x7 grid (with large unused gaps around the sides) for 35 grid squares per drawer.

But, maybe that's plenty for your purpose, in which case, rock on!

Imagine this scenario: you're worried you may have committed a crime, so you turn to a trusted advisor — OpenAI's blockbuster ChatGPT, say — to describe what you did and get its advice.

This isn't remotely far-fetched; lots of people are already getting legal assistance from AI, on everything from divorce proceedings to parking violations. Because people are amazingly stupid, it's almost certain that people have already asked the bot for advice about enormously consequential questions about, say, murder or drug charges.

According to OpenAI CEO Sam Altman, anyone's who's done so has made a massive error — because unlike a human lawyer with whom you enjoy sweeping confidentiality protections, ChatGPT conversations can be used against you in court.

cross-posted from: https://lemmy.bestiver.se/post/493495

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Elon Musk is done at DOGE, but we're just getting started.

Elon is still deeply tied to the Trump regime, still fueling conspiracies and fascist rhetoric, and still using his immense wealth to warp government policy and buy elections around the globe.

On June 28—Elon's birthday—let's celebrate everything we've achieved and a recommit to the long fight still ahead.

And our birthday gift to the Broligarch in Chief? A global party with one powerful message: Musk Must Fall.

June 4 (Reuters) - Karine Jean-Pierre, who was former President Joe Biden's press secretary at the White House from 2022 until 2025, has left the Democratic Party and is now an independent, according to the publisher of her forthcoming book.

"We need to be clear-eyed and questioning, rather than blindly loyal and obedient as we may have been in the past," she was quoted as saying by Legacy Lit, part of the Hachette Book Group, that will release her book 'Independent' in October.

https://archive.ph/6SlZZ

The moderators of a pro-artificial intelligence Reddit community announced that they have been quietly banning “a bunch of schizoposters” who believe “they've made some sort of incredible discovery or created a god or become a god,” highlighting a new type of chatbot-fueled delusion that started getting attention in early May.