ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 2

Regime Change Will Not Be Easy: Tehran's Goal Is To Survive By Any Means Necessary By Molly Schwartz, cross-asset macro strategist at Rabobank My Circus! My Monkeys! Europe was hit with the first strike to its energy supply chain after the Russian invasion of Ukraine and had to start diversifying its inflows from elsewhere. Now that Middle Eastern LNG is losing reliability, Europe might have to get involved just to keep the lights on. While the EU and UK would probably be more than happy to spectate from the proverbial “monitoring chair,” they...

US Crude Stockpile Hits Highest Since June 2024, Exports Surge Oil prices are ripping higher this morning (rebounding aggressively of overnight lows) after US and Israel attacked upstream Iranian energy assets for the first time since the war (While the US struck oil export hub Kharg Island late last week, it limited that attack to military targets began). Iran’s IRGC responded by publishing a list of Gulf energy sites in Saudi Arabia, the United Arab Emirates and Qatar that “have become direct and legitimate targets” following the attack on South Pars, the...

'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation. This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)... Prices paid rose at a faster pace; signaling expansion New orders rose at a faster pace; signaling expansion Employment rose and the direction reversed; signaling expansion Inventories fell and the direction reversed; signaling contraction Supplier deliveries rose at a faster...