Remarkable Turns Of Events

Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble After the Manufacturing ISM print earlier this week came modestly stronger than expected (albeit with the Prices Paid component spiking and sending 10Y yields higher), some were expecting a similar improvement in today's Services ISM print. What they got instead, was a blowout number, and one suggesting that whatever weakness the US economy was in for much of the latter part of 2025, is now over. At 10:00am ET, the ISM Services print came out at 56.1,...

China Moves To Shut Down Offshore Stock-Trading Channels Used By Mainland Investors Authored by Arthur Zhang via The Epoch Times, China’s securities regulator has opened enforcement actions against Futu, Tiger Brokers, and Longbridge Securities, accusing the offshore online brokerages of illegally serving mainland investors who used the platforms to trade U.S. and Hong Kong stocks. The China Securities Regulatory Commission (CSRC) said on May 22 that it had opened investigations and issued administrative penalty pre-notification letters against Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, Longbridge Securities (Hong Kong) Limited,...

President Donald Trump said he asked South Korea to assist the US war against Iran, and Seoul refused. The President recently announced he was scaling down war games with South Korea.  During a presser on Monday, President Trump recalled a recent conversation with South Korean President Lee Jae Myung. Trump said, “Would you to give […]