US, Israel Launch War on Iran

Ukraine's Odesa Heavily Attacked In 'Retaliation' For Deadly Drone Raids On Moscow The Russian Defense Ministry (MoD) announced Monday that its forces executed a massive missile and drone barrage across Ukraine, which is clearly the expected big retaliatory response following Ukraine's large-scale drone wave attack on Moscow over the weekend. Kremlin officials specifically described the new assault as indeed direct retaliation for "terrorist attacks" carried out by Kiev, which killed at least three in the Russian capital, injured dozens, hit a refinery, and unleashed havoc and fear among the population. The...

Speculation Surges That Pakistan Talks Are A Delay Tactic Ahead Of Expanded US Action On Iran President Trump has made clear that American forces will still be "hanging around" the Persian Gulf area with an eye on Iran, while demanding that the Strait of Hormuz be opened to global energy transit once again.  Trump has vowed to keep troops positioned for a fight "until such time as the REAL AGREEMENT reached is fully complied with." As direct US-Iran talks are set for Islamabad Saturday morning, there's been an avalanche of speculation...

Trump Talk & 'Thucydides Trap' Threat Triggers Market Mayhem Overnight Traders are waking this morning in the US to some relative market mayhem and questioning what came first - the oil spike or the geopolitical angst - to trigger these moves as it appears the market finally remembered there's more going on in the world than trading 'short compute' demand to the moon... Oil prices are up significantly (WTI >$100)... Bond yields are breaking out everywhere (10Y 4.5%, 30Y UST 5.10%!, 30Y Gilt 5.82% - highest sine 1982)... Equity markets sharply lower overnight...