Futures Jump As Micron Revives AI Euphoria, Oil Erases War Gains

Pinky Promise By Molly Schwarz, cross-asset macro strategist at Rabobank Iran is feeling some of the economic pressure of Bessent’s “Operation Economic Outcast” with reports from Al-Hadath suggesting that Iran has agreed to halt uranium enrichment in exchange for the relaxing of US sanctions. This, of course, is the uranium that Iran was apparently never enriching, and even if they were enriching it in facilities that no one is allowed to check, it would only be for peaceful purposes. Pinky promise. But, should these reports be verified, this could suggest some meaningful...

Something Is Rotten In The State Of Yields Submitted by Peter Tchir of Academy Securities Treasuries, European Sovereign, and even Credit. Something seemed rotten this week, with Thursday’s price action in all 3 of those markets triggering the need to focus on this more. Debt markets underpin the entire global financial system and when things don’t “look,” or “feel,” or “smell” right, it warrants our collective attention. Yes, “feel” or “smell” doesn’t seem compelling as some authoritative answer, but that doesn’t mean it isn’t worth exploring. For the past few weeks,...

US and Taiwanese officials are alarmed at the status of the US military and its ability to fight a future conflict with China.  According to three sources speaking with The Washington Post, officials at Indo-Pacific Command (INDOPACCOM) have expressed frustration with the dwindling military resources available to deter China.  One official said 30 warships were […]