The Case Against Overhead Presses

Rumors persist that the Trump administration is actively seeking an off-ramp to the escalating conflict with Iran. The prevailing assumption within certain circles of the White House is that Tehran, having sustained serious damage from recent military strikes, would welcome a cessation of hostilities. This calculation, however, rests on a dangerous misreading of Iranian resolve, […]

"Blockbuster Week" Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB's Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the weekend news looked like it was leaning negatively though, last night reports came through that Iran have offered the US a fresh proposal to reopen the strait and end the war. However as Axios and...

Big Shake-Up: Putin Fires Head Of Aerospace Forces After Devastating Ukrainian Drone Attacks There are reports out of Russia of another high level firing within the defense ministry. This time, President Putin has reportedly sacked the head of Russia's Aerospace Forces, which is the armed services branch responsible for the country's air defenses. Moscow-based news outlet RBC reports that General Viktor Afzalov has been replaced by Colonel General Alexander Chaiko. Afzalov had first been appointed to the command post in 2023. Source: Russian Ministry of Defense However, the Kremlin did not immediately comment on or...