From DOJ To Ballot Box: The Rise Of Lawfare Candidates

An Iranian official said that the IRGC would attack ships transiting the Strait of Hormuz without Tehran’s approval.  “Any failure to comply, deviation from the designated route, or disregard for the navigation protocols of the Islamic Republic of Iran in the Strait of Hormuz will be met with an immediate and forceful response from the […]

K-Shaped Economy Bites Back: Retail CRE Transactions For Shops, Malls Plunge February U.S. commercial real estate transaction activity appeared soft on the surface, but Goldman analysts believe the weak initial print will likely be revised meaningfully higher. The most notable area of weakness in last month’s transaction data was across the retail space, which is not especially surprising as the K-shaped economy continues to pressure lower-income consumers. Goldman real estate analyst Julien Blouin wrote Wednesday that the initial February reading on CRE transaction volumes showed a 13% year-over-year decline. He noted...

'Soft' Data Soars To 2-Year Highs As Chicago PMI Smashes Expectations Market News International's Chicago Business Barometer smashed expectations this morning, print 57.7 - the highest since May 2022 - and above the highest analysts' expectation. This is the second straight month above 50 (signaling expansion) with new orders and employment surging (but prices also rising)... Prices paid rose at a faster pace; signaling expansion New orders rose at a faster pace; signaling expansion Employment rose and the direction reversed; signaling expansion Inventories fell and the direction reversed; signaling contraction Supplier deliveries rose at a faster...