Economic Sentiment Belies Strong Economic Estimates

Yemen said that Saudi Arabia bombed the airport in the capital city as a plane attempted to return from Iran. It is the second time this month that Sanaa reported Riyadh attempted to interfere with a plane returning to Yemen from Iran.  On Monday, officials from the ruling Ansar Allah party said that Saudi bombs […]

"Shockingly Bad" Chinese Econ Data Stuns Wall Street, Sparks Hard Landing Concerns Confirming our Sunday preview, overnight China reported growth data which slowed across the board in April with investment resuming declines, retail sales missing sales and growing at the weakest rate in 4 years while industrial production rose at the slowest pace in three years, calling into question Beijing's reluctance to add stimulus to the economy as a global energy crisis hits factories and consumers across the world. China's Monday data dump of official data on Monday painted a picture of...

Houthis Threaten Saudi Aramco After Trump Warns Will Punish Iran For Future Shipping Attacks Out Of Yemen Summary Houthis escalate: The Houthis threatened Saudi Aramco after attacking two Saudi oil tankers and expanding their blockade of Saudi shipping. Oil jumps: Brent crude climbed back above $100 as Red Sea and Hormuz shipping disruptions intensified. Trump escalates warnings of "massive attack": Trump threatened to hold Iran responsible for future Houthi attacks and said he is "close" to ordering a massive new strike. Rubio says no talks are happening: Rubio said Iran is "begging for a deal" while warning Tehran will continue to "pay a very heavy price." Overnight tit-for-tat persists: The US carried out a 12th straight night of strikes on Iran as Bahrain, Jordan, and Kuwait reported fresh Iranian missile and...