Momentum: US Issues 60-Day License For Iranian Oil Sales As Tehran Agrees To Hormuz Access, Nuclear Inspections

Lacy Hunt Turns Bearish Bonds: Studying His Reversal Authored by Michael Lebowitz via RealInvestmentAdvice.com, Economist Lacy Hunt has been a bond bull longer than most money managers have been in the business. Recently, he made a surprising U-turn on his bullish stance. The following paragraph opens his Second Quarter Review and Outlook. The structural backdrop for U.S. inflation increasingly suggests that the long-run equilibrium range is migrating from roughly1.5–3.5% toward 3.5–4.5%, with a significant risk of episodes of inflation above 5%. An important core reason is the steady erosion of the disinflationary architecture...

While discussion of Israel’s attacks on Lebanon Sunday primarily focused on a deadly attack on the capital city of Beirut, the IDF continued to carry out operations across southern Lebanon as well, and continuing to try to force the population out of the area. The IDF issued two distinct statements on Sunday ordering people living […]

Backroom Detente: A Curious Lack Of Iranian Strikes On UAE, While Others Get Hit President Trump is vowing another consecutive night of even heavier US military strikes on Iran. Yesterday's salvo involved at least 49 Tomahawk missile strikes, mainly happening against southern coastal areas off the Strait of Hormuz. Amid Iran's counter-attacks on Gulf nations and reportedly on American bases hosted in these Arab Gulf allied states, there's been a curious lack of any new launches against the United Arab Emirates.  Kuwait and Bahrain have been hit especially hard in this week's...