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Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
Despite Crazy Revisions, Consumer Confidence Rebounds From January's Doom
After Boomers and Gen X dragged The Conference Board Confidence measure down to eight month lows to end 2025, expectations were for a rebound to start 2026.
Instead, January was a bloodbath with all the cohorts tumbling. Today sees February's data released with expectations for a rebound, particularly in expectations... and the consensus was right.
The headline Consumer Confidence print rose from 84.5 (revised dramatically up to 89.0) to 91.2 (better than the 87.1 expected)
Under the hood it was kind of crazy with the...
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May 18, 2026 / Tyler Durden
Almost All Non-Iran Tankers That Entered The Persian Gulf During The War, Have Successfully Exited With A Cargo
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Despite a near-halt in daily Hormuz traffic, Bloomberg reports that almost all large non-Iranian tankers that have entered the Persian Gulf during the war appear to have successfully exited with a cargo, underscoring the emergence of a small group of shipowners willing to risk crossing the Strait of Hormuz.
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The US Is Pressuring China to Adopt Economic War Against Iran
Secretary of the Treasury Scott Bessent called on China to help enforce President Donald Trump’s economic war on Iran. Trump announced the escalating sanctions against Iran in a Truth Social post on Wednesday. “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they […]
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Feb 26, 2026 / Tyler Durden
Jobless Claims Continue To Show No Signs Of Labor Market Stress
Jobless Claims Continue To Show No Signs Of Labor Market Stress
Initial jobless claims continue to hover near multi-decade lows, refusing to show any signs of labor market stress.
Last week saw 212k American file for jobless benefits for the first time (below the 216k expected). Unadjusted claims tumbled to the lowest since September...
Source: Bloomberg
Michigan and New York saw the largest drop in initial jobless claims last week while Rhode Island and Oklahoma saw the bigger rise in claims...
The number of Americans filing for continuing jobless claims also dropped last week...
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