'Cycles Line Up Like They Did Before 1929': Charles Nenner Warns Of "Very Big Downturn" In Stocks'

US Retail Sales Dropped In January As Weather, Weak Gas Prices Weigh This morning's retail sales data is for January (still lagging due to the govt shutdown) and is expected to be a decline (BofA's omniscient analysts see a worse than consensus drop MoM, due in large part to weather disruptions). The actual print was a decline but slightly better than expected at -0.2% MoM. Despite two months of no increase, sales rose 3.2% YoY in January (increased from December) Source: Bloomberg The decline was driven by a decline in sales at gas...

Pentagon Denies Widespread Reports Of Iran's 'Dark' Tankers Breaching US Blockade Update(1510ET): The Pentagon has not been happy with today's media headlines that proclaimed Iranian 'dark' tankers (with their transponders switched off) have been able to penetrate and get past the US Navy's blockade. CENTCOM issued a late afternoon public message, stating: "Over past 24 hours, media reports have alleged that several commercial ships evaded the blockade, citing M/V Hero II, M/V Hedy, and M/V Dorena as examples. These reports are inaccurate. Hero II and Hedy did not sail past...

One day after Israeli drones dropped leaflets over villages in the Yarmouk Basin admonishing Syrians against trying to block roads used by the invading Israeli military, troops attacked the residential area of al-Maariyah. The reports have Maariyah taking extensive fire, targeting homes, though incredibly, no civilian casualties have been confirmed in the shooting incident. During […]