'Time Is Running Out For Iran': The Market Is Calling 'Bullshit' On Mainstream's Narrative, Hugh Hendry Explains...

US Futures, Treasuries Flat Ahead Of Core PCE, Micron Earnings Futures are higher with S&P leading both tech and small caps ahead of today's core PCE data and Micron earnings after the close, as yields remain sticky, unchanged from yesterday's multi-decade highs, and the USD fractionally lower. As of 8:00am ET, S&P futures are flat, with Nasdaq futures down fractionally as semis dip -20bp lagging the broader Tech tape but leading Software (-54bp) and Memory (-80bp) after Korea's Kospi closed lower erasing an early bounce. In premarket trading, Mag7s are...

Trump Eyes Boots On The Ground Along Hormuz Shoreline Several reports this week into Thursday say the Trump administration is quietly weighing a major escalation - potentially deploying thousands of additional troops to the Middle East as the White House struggles to map out an end game in Iran, according to Reuters. Interestingly, the Reuters report doesn't include the phrase that Trump strongly campaigned against: 'boots on the ground'. Instead the report framed things more simply as "US weighs military reinforcements as Iran war enters possible new phase." Are the American people being...

Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.  A black plume of smoke rises from a warehouse at the industrial area of Sharjah...