North Korea Rages At Upcoming US Drills: "Rehearsal For Aggressive War"

The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range to close with yields little changed, while European sovereigns mostly saw modest declines in yields with the slightest hint of bull steepening evident...

We've Been Here Before By Bas van Geffen, senior macro strategist at Rabobank Phil Connors has woken up to another instance of the same day. The US, Iran and Oman are said to be close to a new deal to reopen the Strait of Hormuz. Axios reports that the US aims for an announcement today. So, Brent futures dropped to $79/barrel and equity markets rallied further, for the S&P 500 to set a fresh record high. The reported deal could just as well have been written a couple of weeks ago. Axios...

The US has canceled the deployment of its new Typhon missile system to Germany in a move that may be related to the action the Trump administration is taking against Berlin over its criticism of the US-Israeli war against Iran. According to a report from Task & Purpose, the Trump administration stopped the deployment of […]