Claims At 57-Year Lows, Sentiment Near Record Lows, Hires Rate Stuck At 3.4%: The Labor Market's Trilemma Gets A Hawkish Twist

US Defense Stocks Take Epic Fury Beating, Leaving UBS Asking Why Despite the launch of Operation Epic Fury against Iran in late February, U.S. defense stocks have moved lower rather than higher, prompting a UBS analyst to pen a note to clients this week attempting to answer why the makers of missiles and tanks failed to sustain a wartime rally. Analyst Allyson Gordon asked the question: "Why Is US Defense Performance Lackluster?"  Let's start with iShares U.S. Aerospace & Defense ETF, or ITA, a basket of major U.S. defense firms. ITA caught...

Watch Live: Fed Chair Warsh Delivers Keynote Address At Jackson Hole Nothingburger or market upheaval? Fed Chair Kevin Warsh will deliver his first keynote address at the Kansas City Fed’s Jackson Hole Economic Policy Symposium this morning. As we highlighted in our extensive preview, Warsh noted at the July FOMC meeting that his remarks could go in one of two directions: a “big-picture speech” or a “more traditional set up for all the action we’re going to have between September and December.” How much will Kevin Warsh say in Jackson Hole today? That's the...

The Gerrymander Debacle In Virginia Leaves The Democratic Party With A Dangerous Agenda Authored by Jonathan Turley via jonathanturley.org, “Eff around and find out”: That taunt from Hakeem Jeffries celebrating Virginia’s gerrymander did not age well. On Friday, the House minority leader found out that Virginia’s Supreme Court was not quite as gleeful as he about Democrats’ attempt to virtually eliminate Republican representation in the purple state. The court just cooked the party’s infamous lobster, a district over 100 miles long that was designed to help devour the GOP’s slender majority in the House of Representatives. It also cooked...