"Just Another Dip Investors Will Buy": Futures Drop, Oil Rises On Renewed Iran Tension

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Originally published at Judgenap.com and reprinted with permission Members of the North Atlantic Alliance have refused any role in closing the Strait of Hormuz. President Donald Trump announced a complete blockade of the crucial waterway, and that other countries would be assisting the American Navy. After the US and Israel attacked Iran on February 28, Tehran placed […]