The US May Have Shot Down a Small Hobby Balloon With a Sidewinder Missile

If you think the war is over, think again. Iran has not agreed to a ceasefire. They have agreed to stop retaliating as long as Israel and the US stop their attacks. So that ball is in the West’s corner. Despite the White House claim that the Strait of Hormuz is now open for business, […]

Key Events This Week: PMIs, Productivity And Consumer Sentiment As has become customary for Monday, we have seen a dramatic surge in risk assets (3rd Monday in a row) on what at least superficially appears to be de-escalation after Trump announced strikes against Iran's power plant would be delayed by 5 days as a result of talks with Iran, talks which at least Iran's domestic news sources have so far denied. And the market lurches from headline to headline, it feels somewhat trivial to focus on the week ahead data calendar,...

President Trump issued a profanity-laden post on Truth Social on Easter Sunday, where he yet again threatened to unleash “hell” on the country of Iran if the Strait of Hormuz isn’t opened. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open […]