ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 2

Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War The Dallas Fed Manufacturing Index continues to straddle the unchanged line, and despite a tiny dip from 0.2 in February, the highest print since July, to -0.2 in March, just below the 1.5 median estimate, the index remained near the highest level in a year and absent a modest and brief, post-Trump election spike, this remains one of the highest prints since mid-2022. Curiously, the headline index barely dropped even though most index components...

US Retail Sales Jumped Most In 8 Months In February Bank of America's omniscient analysts forecast a very strong month for Retail Sales in February data (released today)... The actual print was +0.6% MoM (better than the 0.5% consensus, but less than BofA's forecast) comes after a revised higher 0.1% MoM decline in January (and December's nothingburger)... Source: Bloomberg That is the highest MoM rise since June 2025, and sales rose 3.7% YoY... Core Retail Sales (Ex Autos) rose 0.5% MoM (much better than expected) and Ex Autos and Gas also rose more than...

International Energy Agency (IEA) Executive Director Fatih Birol said on Monday that the world is facing a massive energy crisis caused by the war against Iran.  Birol argued that the current energy crunch is worse than those of the 1970s and the impact of Russia’s 2022 invasion of Ukraine combined. “This crisis, as things stand, […]