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US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3
US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3
With 'hard data' trending weaker, today's preliminary July PMIs offer the first glimpse at whether the reignition of the Iran War is weighing on 'soft' survey sentiment in the US economy.
The data was mixed (as always) with Manufacturing disappointing while Services accelerated more than expected:
Flash US Manufacturing PMI: 53.8 (June: 53.9). 4-month low.
Flash US Services PMI Business Activity Index: 53.6 (June: 51.2). 8-month high.
“US businesses reported a good start to the third quarter," said Chris Williamson, Chief Business Economist at...
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Mar 29, 2026 / Tyler Durden
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Jun 4, 2026 / Tyler Durden
63 Arrested, Crypto Millions Frozen As FBI, DOJ Team Up With Meta, Coinbase And Starlink To Bust Scammers
63 Arrested, Crypto Millions Frozen As FBI, DOJ Team Up With Meta, Coinbase And Starlink To Bust Scammers
Authored by Naveen Athrappully via The Epoch Times,
More than 1 million scam-related online accounts were taken down, and millions of dollars worth of cryptocurrency were frozen, as part of a crackdown on Southeast Asian scam networks.
Scam center workers, many of whom were trafficked and forced to work for criminals, are guarded by Karen Border Guard troops in Myawaddy, Burma, on Feb. 26, 2025. Stringer/Reuters
The crackdown operations, conducted by U.S. and international agencies...
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Jul 16, 2026 / Tyler Durden
Headwinds And Tailwinds: Minding The Market Weather
Headwinds And Tailwinds: Minding The Market Weather
Authored by Michael Lebowitz via RealInvestmentAdvice.com,
A sailor who fixates on the barometer will rarely leave port. A sailor who never checks it will eventually get caught in a storm. It’s easy for most investors to fall into one of those two modes, either warning that headwinds are approaching and taking cover, or waving off every warning because AI spending is carrying the market higher.
This article walks through several market headwinds that warrant attention, as well as a tailwind that may be large enough...
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