Israeli Government Honors Israeli Rabbi Who Boasted of Destroying Civilian Homes in Gaza

Americans' Confidence Dips In August As Chicago PMI Plunges Into Contraction The MNI Chicago PMI for August was a disaster, printing below even the worst analyst's expectations. Against expectations of a rise to 57.9, the headline print crashed from 57.6 to 47.1 (flashing recession signals)... Prices paid accelerated while the overall business barometer plunged into contraction. That is the biggest MoM drop since COVID... However, in the face of that collapse in business confidence, UMich reported US consumer sentiment fell in August for the first time in three months on a worsening economic outlook,...

Futures Rebound, Trade At All Time Highs On, What Else: Tech And Iran Optimism US equity futures are higher and just shy of a new record, with technology names leading futures higher ahead of April jobs report, after Trump’s assertion that the Iran ceasefire is still holding despite an exchange of weapons between the US and Iran overnight, and a deep weekly loss for oil help futures regain positive momentum. Markets are higher ahead of NFP data later this morning following yesterday’s very ‘unwindy’ session (High Beta Momo -7.96%, Software vs Semis +5.83%, Power...

The Center for Strategic and International Studies (CSIS) released a report showing that it will take the US two to three years to replace the weapons used during the Iran war.  In the first six weeks of the US war against Iran, the Pentagon used significant portions of its advanced interceptors and standoff munitions. CSIS […]