Should Democrats Fear A Supreme Court October Surprise That Could Save The Senate For The GOP?

Iran Strikes Should End In Regime Change, Senate Majority Leader Says, Ahead Of War Powers Vote Senate Majority Leader John Thune has made the maximalist hawkish US case on Iran, saying that any authorized strikes should result in nothing less than regime change in Tehran. "In my view, if you’re going to do something there, you better well make it about getting new leadership and regime change," the leading Republican Senator said Thursday. "If you’re going to take some sort of action, I think you want to achieve a result that actually...

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...

Futures Rise, Oil Slides On Iran Ceasefire Optimism After Best Month For Stocks Since 2020 US equity futures are higher, set for a new all time high, as the rally that’s pushed Wall Street to record highs on strong megacap tech earnings continues, after the S&P posted its best monthly increase since November 2020. As of 8:00am ET, S&P futures are up 0.3% (spiking moments ago on a report that Iran submitted its latest response to US amendments on the ceasefire agreement), while Nasdaq futures are modestly in the red...