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Inflation Fears Plummet As UMich Sees Democrats' Confidence Pick Up In February
Inflation Fears Plummet As UMich Sees Democrats' Confidence Pick Up In February
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...
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Jul 6, 2026 / Tyler Durden
US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down
US Services Surveys Show Continued Expansion In June: Jobs Up, Inflation Down
Following US manufacturing small dip in June (though still expanding), the US Services sector PMI surveys are a little more mixed but both still solidly in expansion in June:
S&P Global US Services PMI ticking up on the month from 50.7 to 51.2 (but a smidge below the 51.3 flash print)
ISM US Services PMI dipped from 54.5 to 54 (in line with expectations)
“A slight acceleration of business growth in the services economy takes the expansion to the strongest since...
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Jul 30, 2026 / Tyler Durden
China Scoffs At Iran Arms Transfer Report, After Trump Pours Cold Water On Allegation
China Scoffs At Iran Arms Transfer Report, After Trump Pours Cold Water On Allegation
China has given its response on Thursday to a prior Reuters investigation which strongly alleged that Beijing is preparing to transfer up to 400 Chinese-made shoulder-fired air-defense missile launchers MANPADS to Iran.
The Reuters report was highly specific, even identifying the Hong Kong-based company that facilitated the signing of the arms deal between the Iranians and Chinese, but Beijing has rejected the report as a lie and 'groundless', saying there's no truth to it.
"China has made its position...
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Jun 18, 2026 / Tyler Durden
Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal
Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal
The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months.
But behind the urgency to get the memorandum of understanding deal across the finish line were two uncomfortable realities.
First, President Trump recently met with oil and gas executives, who likely informed the administration that...
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