The Economic Destruction of Trump’s War Goes Far Beyond High Gas Prices

Record Highs: Should You Chase The Rally? Authored by Lance Roberts via RealInvestmentAdvice.com, Pinned and Stretched There is nothing bearish about the tape, and the overall trend could not be much cleaner. The S&P 500 sits above every major moving average and above a rising 200-day line it has not closed beneath since April. That is a healthy, intact uptrend, and it deserves respect. The problem is not the direction, but the distance from the longer-term trend, which is more concerning. As is always the case, deviations above the long-term trend eventually “revert...

Brent Pushes Higher After Trump Orders "Extended Blockade" - Huddles With Oil Execs Over Hormuz Summary Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios. Trump warns Iran to "get their act together" and to "get smart" - and for the second time writes "no more Mr. Nice Guy". Trump in 4am Truth Social post: "Iran can't get their act together. They don't know how to sign a nonnuclear deal. They better get smart soon!" Fresh White House statement...

Pakistani Defense Minister Khawaja Asif said Islamabad was prepared to fulfill its obligations under the Mecca Agreement as Saudi Arabia battles Ansar Allah in Yemen.  The “Mecca Agreement applies to us, and we will fulfill our duty,” Asif said on Wednesday without going into details about what kind of support Islamabad was preparing to provide […]