Iran Conflict Drives Surge In China EV Demand

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Hormuz To Year-End: Bullish Or Bearish? With hopes of a permanent truce being continually undermined by minor skirmishes and blockade infringements, it remains unclear whether this war is close to ending. And while oil prices gyrate from one Trump Truth post to the next, two weeks of Brent above $100/barrel (only just inching below as of this morning) suggests the market is not buying into the quick resolution narrative. Though it is worth asking the question, what if the peace talks are truly different this time? Joining ZeroHedge tonight at 7pm ET...

"They Threw It Away": Airline Lobby Chief Says Democrats Accelerated Spirit Airlines' Demise Summary: Airlines For America CEO Chris Sununu Blasts Democrats For Spirit's Death Spiral Duffy Pledges Relief For Customers, Workers Spirit Airlines Is Dead, Flights Canceled Head Of Airlines Lobbying Group Blasts Democrats For Spirit's Death Spiral Chris Sununu, president and CEO of Airlines for America, the lobbying group representing major U.S. passenger and cargo airlines, blasted Democrats under the Biden-Harris regime era for accelerating bankrupt Spirit Airlines' demise after the blocked Spirit-JetBlue merger.  This aged well! I've warned for months that a @JetBlue-@SpiritAirlines merger...