The Horrifying Endgame in Ukraine

On this episode of Power and Market, we feel compelled to discuss this week's State of the Union speech.

Inflation Fears Plummet As UMich's Democratic Bias Is Exposed After rebounding strongly in preliminary February data (as Democrats came to their senses over the fearmongered Trump tariff-flation), the final UMich sentiment survey print slipped lower with the headline lowered from 57.3 to 56.6. Both Current Conditions and Expectations were lower than the flash print with the latter falling to 2 month lows and the former holding at 4-month highs... Does anyone else think its weird that all the numbers were exactly the same at 56.6 Source: Bloomberg Democrats and Republicans led the decrease...

Three Maritime Incidents Reported In Strait Of Hormuz Energy Chokepoint Update (1045ET): The United Kingdom Maritime Trade Operations reports three maritime incidents in or around the Strait of Hormuz involving commercial vessels. First Incident Second Incident Third Incident Reuters wrote on X, "Tanker owners, oil majors and trading houses suspended oil, fuel and LNG shipments through the Strait of Hormuz after Tehran said it had closed navigation."  Tanker owners, oil majors and trading houses suspended oil, fuel and LNG shipments through the Strait of Hormuz after Tehran said it had closed navigation, raising fears of a...