Don't Trust The Midterm Polls

Stocks Fall, Oil And Rates Rise As Inflation "Roars Back" US equity futures and bonds were lower as oil climbed, with a key inflation report showing the impacts of higher energy and supply disruptions stemming from the war in Iran. Stocks are poised to fall from all-time highs after the core CPI rose more than expected in April. As of 9:15am S&P futures ewere down 0.2% and Nasdaq futures dropped 0.7% as a slide in chipmakers and big tech names dragged down the market in early US hours. In premarket trading, all Mag 7 stocks were lower. Treasury...

Fragile Iran 'Pause' Shattered As US Base In Jordan Comes Under Attack, Oil Soars Summary Oil soars on reports of Iran targeting US Jordan base; Iraqi militants attack KSA for 2nd day. Hormuz indirect talks continue amid reports of a possible resurrected MoU deal. Shipping remains stalled with virtually no tanker traffic through Hormuz. Iran insists Hormuz stays closed unless its terms are accepted. Houthis escalate attacks, prompting more ships to avoid the Red Sea. *  *  * Fresh Unilateral Strikes on Jordan Base; Iraqi Militants Again Target KSA  Iranian state media in the overnight hours (local) are reporting...

Secretary of State Marco Rubio said that Washington is questioning its involvement in the North Atlantic Alliance after some members of the bloc refused to allow the US to use their bases to attack Iran.  “One of the reasons I’ve been a strong supporter of our presence in NATO is because it allows us these […]