Iran FM Blasts Trump's Economic D-Day Threat 'Diversion' Which Will Fail, As New Carrier Arrives In Mideast Waters

My President Went To Beijing And All I Got Was This Crummy T-Shirt Authored by Peter Tchir via Academy Securities, Stocks rallied after Jensen hopped on AF1 in Alaska. They rallied several times yesterday on Iran/China headlines, on Boeing selling planes headlines, and other soundbites from the much heralded Xi and Trump Summit. As discussed in Wednesday’s report China and Trade, we did not have high expectations regarding this meeting. We did feel that the President wanted a deal badly enough, that we would get something to help markets, even though it seemed...

Trump Drops Map Of Hormuz As "New US Territory" Amid No Talks, Declares Strait "Open & Operating"; Crude Slides Summary No talks: Trump confirms US-Iran negotiations are off. Hormuz attack: Tanker hit, injuring a crew member. Houthis escalate: Attacks shut Yemen’s Mokha port. Diplomacy stalled: Qatar says not mediating until Oman-Hormuz deal finalized. Iran hardens: Tehran says it maintains an offensive posture. Strait of Hormuz traffic returns to normal by September 30? Yes 9% · No 92%View full market & trade on Polymarket *  *  * Trump Confirms 'No Talks' - Says Hormuz 'Open & Operating'; Oil Slides President...

Futures Slide As Treasury Yields Surge, Erasing Bessent Intervention, Driven By Oil Spike US futures slide and are trading at session lows, as bond yields surge after yesterday’s Treasury announcement, having now erased the entire post buyback-boost move; yields are 4-5bps higher as the curve bear steepens sharply with the 10Y yield now at 4.69%, above where it was before the Treasury's press release yesterday, driven by a surge in Brent above $94 after Trump vowed to unleash an "Economic D-Day" on Iran's economy.  As of 8:00am ET, S&P futures are...