U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock

Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar. First, the Q1 earnings season will start to kick off, with this week’s releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full...

A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the conflict meant that fears about stagflation eased dramatically, which pushed yields lower and supported risk assets as well. Indeed, the S&P 500 was...

Time For Europe To Defend Itself Authored by J.B. Shurk via American Thinker, Americans shouldn’t fight for a suicidal continent. Four years ago, the Biden administration was working with the United Kingdom and the European Commission to pay for diminutive comedian Volodymyr Zelenskyy’s war with the Russian Federation over territories where supermajorities of the population identify as Russian.  We were told that the Russian-speaking people of Ukraine “belonged” to Ukraine and that the only way to “preserve democracy” was to deny those people a democratic vote to join the Russian Federation. “Democracy” also apparently requires the...