Who Can Halt the ‘America First’ Ambition Rolling Across the Globe? – China Can

Another Manic Monday Coming Submtted By Peter Tchir of Academy Securities I expect that we will see a lot of “green dots” on the Bloomberg Terminal Sunday night, as there was almost no asset (other than energy) up on Friday. I do know that my Monday will start bright and early, at 5am on CNBC. Away from that everything is a bit up in the air. There are headlines that can push us in either direction. Some developments that seem good, some that seem bad, some that seem weird, and some that...

New Orders Drop But US Manufacturing Surveys Still Signal 'Solid' Growth In August Despite sustained relative weakness in US 'hard data', US manufacturing operating conditions improved solidly again in August, according to the latest PMI data from S&P Global, but it's not all rainbows and unicorns... August S&P Global US Manufacturing PMI beat, flat at 53.9 from July's print, but up from the flash print of 53.2 and better than the 53.4 expected. August ISM US Manufacturing PMI miss, down from 55.6 to 54.6 (below 55.2 expectations). Still, despite the miss, ISM still...

First Two Ships Pass Through Strait Of Hormuz Since Ceasefire As Iran Demands Payment In Crypto Last night we reported that no less than 800 ships were still trapped in the immediate aftermath of the US-Iran ceasefire agreement, unsure what the fine print of the deal meant for transits. This morning we are down to ~798, after the first two cargo vessels have crossed the Strait of Hormuz since the ceasefire, according to ship tracking data. The Liberia-flagged Daytona Beach, destined for the United Arab Emirates, crossed just before 8am UK time, while...