Citi Says LatAm "Poised For Take-Off" As Powerful Tailwinds Align. Here's Why

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...

Before The First Switch Goes Dark Authored by Madge Waggy, Most people imagine that the beginning of a crisis announces itself with unmistakable spectacle. We picture fighter aircraft crossing national borders, emergency broadcasts interrupting television programs or financial markets collapsing within a single afternoon. It is an understandable expectation because history is usually taught through decisive moments rather than the countless ordinary decisions that quietly shaped them. Yet those who spend their careers inside engineering firms, logistics agencies, intelligence communities or infrastructure operators often develop a very different understanding of how the...

Trump Eyes Boots On The Ground Along Hormuz Shoreline Several reports this week into Thursday say the Trump administration is quietly weighing a major escalation - potentially deploying thousands of additional troops to the Middle East as the White House struggles to map out an end game in Iran, according to Reuters. Interestingly, the Reuters report doesn't include the phrase that Trump strongly campaigned against: 'boots on the ground'. Instead the report framed things more simply as "US weighs military reinforcements as Iran war enters possible new phase." Are the American people being...