Manufacturing ISM Misses As Prices Surge Most Since April 2022, Employment Slides To Worst Print Of 2026

Speaking Loudly And Leaning On A Big Schtick By Michael Every of Rabobank Yesterday saw the regular schtick where the Middle East situation remains worrying, but markets reacted to more positive narratives. After four crew and two rescuers were killed in a Houthi Red Sea attack on a ship and the US struck another in the Gulf of Oman’ trying to break its Iran blockade; Iran said Hormuz will stay closed unless the US meets its over-reach conditions; Trump doubled down on economic warfare vs Tehran because he thinks it’s “bleeding...

Virginia Supreme Court Blocks Democrats’ Voter-Approved Congressional Map As Midterms Approach The Supreme Court of Virginia has denied a request from Democrats and state officials to lift a lower-court order blocking certification of the April 21 redistricting referendum, leaving a voter-approved congressional map that could flip four Republican U.S. House seats in legal limbo just months before the 2026 midterm elections. Supreme Court of Virginia On Friday, the Supreme Court of Virginia denied an emergency request from Democratic Attorney General Jay Jones to allow the State Board of Elections to certify the...