The Fed's Inflation Problem

'Survival Mode' - Farmers Crushed As Trump's War On Iran Sends Diesel Cost Soaring As Donald Trump's war on Iran nears the seven-month mark, the economic damage is reverberating all over the world, and all across the United States. Among the Americans who are feeling the most pain from a war their federal legislators never declared are the nation's farmers, who are growing increasingly desperate under the weight of rising costs for diesel, fertilizer and equipment. It's a demographic that leans hard to the right, but now feels let down by...

The Technical Backdrop: When Flows Meet A Hawkish Fed Authored by Lance Roberts via RealInvestmentAdvice.com, Here’s the setup most investors are underrating right now. Over the next two weeks, the tape will trade on plumbing rather than fundamentals. We just cleared the largest options expiration in history. Quarter-end pension selling comes next, and then July 1 reopens the passive-money firehose into a market that already routes forty cents of every S&P 500 dollar into ten stocks. The whole market technical backdrop points higher into July. But Kevin Warsh’s first meeting as...

Iranian Foreign Minister Abbas Araghchi on Monday denied that Tehran was behind a drone attack that targeted the office of Masrour Barzani, the prime minister of Iraq’s Kurdistan region. Earlier in the day, the Kurdistan Counter-Terrorism Service said that drones fired from Iranian territory targeted Barzani’s office and also the home of the region’s intelligence […]