The Bond-Salesman-In-Chief Has Fired The First Shot Of The Capital Market War That Follows The Trade War

Conference Board Consumer Expectations Hit YTD Highs, Inflation Fears Dip In May With war (and rising gas prices) now fully embedded in respondents' minds (along with record high stock prices), it is perhaps not entirely surprising that The Conference Board's Consumer Confidence dipped in May (but was better than expected). The headline index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The Present Situation Index - based on consumers’ assessment of current business and labor market conditions - retreated by 3.2 points to 121.2. The Expectations Index -...

No Deal Reached, Amid 'Fabricated' Mideast Media Reports; Trump Presses Nuclear Issue & Iran President Says 'Won't Back Down' Summary Al Arabiya issues dramatic retraction on prior 'deal reached' reporting. Iranian president vows to not back down, as Trump still vows to get nuclear material. AI Arabiya TV obtains what it describes as final draft of US-lran agreement,  Reuters reported that Ayatollah ordered that stockpile of uranium enriched to 60% remain strictly inside Iranian territory. Some Iranian officials then denied report to Al Jazeera. WH says make a deal or else... "they can face a...

Multiple Polls Show Warning Signs For Democrats In Upcoming Midterms Democrats have spent months telling anyone who will listen that the midterms are theirs to lose. With President Donald Trump's approval rating in the basement and conditions supposedly ripe for a blue wave, the party is feeling confident it can win both the House and the Senate in November. Polls do seem to suggest they have momentum, but a closer look at the numbers tells a very different story, and the wave that Democrats are banking on may not be...