ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 2

We are stepping into a period where multiple systemic failures are colliding rather than unfolding one at a time and the usual vocabulary of crisis feels inadequate. Overlapping conflicts, tightening energy markets, fraying social contracts, sovereign debt burdens that leave little room for maneuver, and an agricultural sector standing on the edge of a perfect […]

Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble After the Manufacturing ISM print earlier this week came modestly stronger than expected (albeit with the Prices Paid component spiking and sending 10Y yields higher), some were expecting a similar improvement in today's Services ISM print. What they got instead, was a blowout number, and one suggesting that whatever weakness the US economy was in for much of the latter part of 2025, is now over. At 10:00am ET, the ISM Services print came out at 56.1,...

Futures At New Record High On Tech, Tehran, Trade, Taiwan And Tariffs US futures are higher as we await color on the Trump-Xi summit and US- Iran negotiations, which are said to be ongoing, and as the tech meltup continues. What is known so far is that Trump / Xi agree that Iran cannot have a nuclear weapon, Hormuz should reopen without a toll or militarization; the countries will look to increase investment in each other as NVDA H20 chips are approved for a set of Chinese companies. In short,...