Despite Record Low Sentiment, US Retail Sales See Strongest Annual Gain In 8 Months

"Next Month, Next Quarter, Next Year" By Molly Schwartz, cross-asset macro strategist at Rabobank In a tense Congressional Hearing before the foreign relations committee, Marco Rubio defended the Trump Administration’s war in Iran, praising the success of US military operations destroying Iranian military and nuclear facilities. He also said that a deal with Iran could happen “today, tomorrow, or next week.” However, the recent military escalations between the US and Iran, the refusal of Israel and Hezbollah to cooperate, and reports of Pezeshkian’s resignation — leaving Iran in the hands of...

President Donald Trump’s options for a war with Iran may be limited by a diminished arsenal. “Joint Chiefs Chair Dan Caine expressed concerns to Trump at the White House last Tuesday that any major operation against Iran will face challenges because the US munitions stockpile has been significantly depleted by US’s ongoing defense of Israel […]

Sin(a)tra By Michael Every of Rabobank Sin(a)tra Let’s be Frank: the central banker pow-wow at Sintra had a touch of Sinatra. Fed Chair Warsh belted out “I’ll do it MYYYYYY way,” and everyone else chimed in that they’d had a few regrets about how they’ve run monetary policy and were coincidentally now mentioning them. Markets swooned when Warsh stated the case for Fed independence and that anyone expecting tolerance for inflation above 2% “would be disappointed.” Yet he also sang with an AI autotune. While the current “AI shock” is driving a boom in...