US PMIs Signal Stagflation Fears Accelerating As War Started

White House Ready To Offer Iran "Token" Nuclear Enrichment Instead Of All-Out War When it comes to the potential of achieving a lasting US-Iran deal centered on the country's nuclear program, headlines have been changing rapidly, on a daily basis - as the specter of another US-led regime change war in the Middle East looms. Axios is reporting that the latest big diplomatic option the Trump White House is mulling is a proposal that allows Iran "token" nuclear enrichment - but with no path to a bomb, according to unnamed US officials. via Iranian state...

Trump: Iran Deal Should Be Done 'Pretty Quickly' But 'Subject To Settling' Over Next Few Days Summary Trump Talks Endgame In Iran: Says 'we'll have a signing very soon.' TACO SEASONING: Trump tells NY Post that Iran deal "pretty much all wrapped up," but FARS news agency says no deal has been approved.  TACO: Trump Cancels Strikes After All Day Bluster About 'Bigger' Strikes on Iran Tonight Iran Parliament Speaker Ghalibaf says "Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets & create an endless quagmire that...

Futures Tumble As Reality Returns And Yields, Oil And Dollar Soar Bond yields, oil and the dollar are surging this morning as US futures tumble from all-time highs, with Tech underperforming driven by a series of factors including i) surging energy prices on lack of Iran war progress, ii) elevated positioning into options expiry; iii) Central bank repricing, iv) Tech sell-off driven by higher yields, and v) strikes at Samsung Electronics. The combination of stronger consumption and higher inflation is also a factor today. As of 8:00am ET, S&P futures are down...