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10Y Yield Spikes Above 5.00% After Blowout Beats For US PMIs
10Y Yield Spikes Above 5.00% After Blowout Beats For US PMIs
With 'hard' economic data still somewhat muted, expectations were for a modest retracement in US PMIs from recently optimistic levels in preliminary September data.
Instead, the 'soft' survey data soared:
Flash US Services PMI Business Activity Index: 58.7 vs 55.8 exp (August: 56.5). 59-month high.
Flash US Manufacturing PMI: 57.0 vs 53.7 exp (August: 53.9). 52-month high.
The headline flash S&P Global US PMI Composite Output Index rose from 56.0 in August to 58.4 in September, registering the fastest expansion since July 2021...
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Jun 1, 2026 / George Ford Smith
Remembering the Mogambo Guru
The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.
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Mar 23, 2026 / Tyler Durden
Oil Jumps After Explosion And Massive Fire At One Of The Largest US Oil Refineries
Oil Jumps After Explosion And Massive Fire At One Of The Largest US Oil Refineries
An explosion and large plumes of smoke at the Valero refinery in Port Arthur prompted officials to order west-side residents to shelter in place according to 12 News Now.
🚨 Jefferson Co. Commissioner says “I'm asking people to stay tuned because if this chemical is deemed to be toxic or carcinogenic … then I guarantee we're going to order to evacuate.” pic.twitter.com/MVpOu5b28M
— Chief Nerd (@TheChiefNerd) March 24, 2026
Witnesses across the Mid-County area reported hearing a loud...
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Feb 14, 2026 / Tyler Durden
Vast Majority Of Americans Want Voter ID And Democrats Don't Care
Vast Majority Of Americans Want Voter ID And Democrats Don't Care
Are voter ID requirements considered a controversial idea in the eyes of US citizens? If you watch the establishment media or follow leaders in the Democratic Party then you might think bills like the SAVE Act are the end of freedom as we know it. However, outside the echo chambers of DNC propaganda, the vast majority of Americans have no problem whatsoever with people proving their US citizenship before they vote in local and federal elections.
The widespread support for...
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