So, What Do We Know?

Main St.-Wall St. Divide Reaches Record High As UMich Inflation Angst Re-Accelerates Preliminary October UMich Sentiment held steady this month, registering a tiny 0.1pt decline below September (Current Condiutions dipped but Expectations ticked up)... Increases in sentiment among Republicans and Democrats were balanced by declines among independents. While year-ahead business conditions improved about 14%, they stand 16% less than last October’s read. This month’s decline in the Current Conditions subindex was driven entirely by buying conditions for durables, which plunged 18% on the basis of higher interest rates and rising concerns about the...

Oil Jumps After Israel Strikes Military Targets In Iran, Ignoring Trump Pleas Not To "Strike Back" Summary Despite Trump's pleading to Netanyahu not to respond, Israel launched missiles at Iran striking military targets inside the country.  Iran fires missiles on Israel, after IDF unleashed deadly airstrike on Beirut earlier Sunday. Despite Trump saying on Sunday that he would tell Israeli Prime Minister Benjamin Netanyahu not to strike ​back, an Israeli official warned that "There will be a forceful response." Sunday is day 100 since President Trump launched Operation Epic Fury. Ghalibaf warns after IDF escalation in Lebanon: US...

Trump Says "Perimeters Of A Deal Reached" With Iran To Reopen Hormuz After Call With Saudi Crown Prince The past few days have been tense. Although no US strikes were launched from Friday night into Saturday morning and the Gulf region remained quiet early Sunday, anticipation surrounding President Trump's next move is keeping energy traders and Gulf governments on edge. The big concern is that another round of strikes could trigger a wider regional conflict, particularly as the Iranian-backed Houthis have reactivated offensive operations in the southern Red Sea in...