Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira

Ease In Our Time By Micael Every, Global Strategist at Rabobank Yesterday saw the BOJ hike rates to 1%, the highest level since 1995, and the RBA hold at 4.35%, with some chatter of the next move being down, not up, despite inflation running way above 2%. Today it’s the turn of new Fed Chair Warsh who, like the other central banks, has to deal with a geopolitical backdrop which may or may not allow for any monetary policy easing. There, the text of the 14-point US-Iran MoU has been leaked ahead...

Will We See Western Capitals Fall? Authored by J.B. Shurk via American Thinker, Consider these recent news headlines: (1) "NYC Turns Back to Gas Buses After Finding Out the Hard Way That the Electric Versions Have Big Problems," (2) "As a Former Head of MI6 it's Clear That Britain's Climate Policy is Leaving Us Dangerously Exposed to Our Enemies," and (3) "Spain: 74% of sex-crime suspects are foreigners in Basque Country." They come from three different Western nations and involve three dissimilar subjects - public transportation, national security, and violent crime - yet...

Short-Covering Rally... Or Something More? Authored by Lance Roberts via RealInvestmentAdvice.com, ▶ WEEK CLOSE:  S&P 500 7,126.06 (+1.2%)  |  Nasdaq 13-Day Win Streak (longest since 1992)  |  Russell 2000 New ATH  |  Brent Crude -9.1%  |  VIX 17.42 What began as a short-covering rally on April 7th has spent the last two weeks proving the bears wrong. Friday’s close at 7,126, the first finish above 7,100 in the index’s history, up 13.1% from the March lows, arrived alongside one of the most consequential single-session catalysts of the year. Iran declared the Strait...