March 17 | Erin go bragh means “Ireland forever.”
S&P Oil FX Gold Silver 10Y USM
S&P is up 0.49% | 2:03
10Y is 4.203%%, lower by 2.1bp
Dollar index is down 0.18% to 99.71
Gold is down 0.03%
Brent is $103.02
WTI is $95.77.
Spread is about 50ct wider to $7.25
Brent/WTI Spread chart
Under normal conditions, Brent trades at a $2-$5 premium over WTI.
A widening Brent WTI spreads indicates that oil markets are pricing in a global supply shortfall
How To Be Irish in Southern California
One item that had particularly caught my attention was a list of the all of two Irish language instructors in Los Angeles, one of whom, a man called Patrick Burke, apparently lived close to me in Santa Monica.
US private employers added an average of 9,000 jobs per week in four weeks ending February 28
ADP shows a notable decline from the revised 14,750 jobs per week in the prior period
AAA gasoline is $3.790, up 30% from $2.917 a month ago
Iran "Starts New Phase Of Oil War" After Energy Production Hit | Zero
For first time, Iran successfully targeted oil/gas production facilities
Tehran is clearly going after the Strait of Hormuz bypass route, with Fujairah (UAE)
The Saudi pipeline bypass hasn't been attacked and Yemeni Houthis have tried to close the Red Sea
Operations at the Shah gas field in the UAE were suspended. Iraqi oil field was struck also
Loadings from Fujairah were again halted, further straining global supply.
Delusional Trump Now Says “WE DO NOT NEED THE HELP OF ANYONE!” | Mish
Trump Says US No Longer Needs NATO Assistance With Iran | Sput
‘I can do anything I want with Cuba’ – Trump | RT
Trump-Appointed Counterterrorism Director Joe Kent Resigns In Protest Over U.S. War With Iran | Zero
Too Risky to Follow? Why NATO Allies Won’t Join the US’ Hormuz Crusade | Sput
U.S. Embassy in Baghdad came under a heavy barrage of rockets and drones | TrendP
USS Ford heads to Greek port days after fire that raged for over 30 hours | Cradle
Tehran has warned the US that it will respond if there are any new attacks on Kharg Island | MEM
Saudi Arabia diverts more crude to the Red Sea to bypass Hormuz | Merco
Israel shocked by Hezbollah capabilities amid fears of prolonged war | MEM
Israel’s laser defense is the way toward airborne systems that could kill ballistic missiles at launch | Asia
Debt Rattle
Morgan Stanley AI prediction: A major AI breakthrough could arrive in the first half of 2026
Florida Passes Voter ID Bill Modeled After SAVE Act
The mysterious financial repo market is going wonky again
City of Los Angeles bought a Ramada Inn for $10.2 million to house homeless
Since then, they started sending money to a NGO to takeover the project.
Its now sat vacant for 4 years and $20 MILLION has been spent, meant to house only 32 people
No work being done. Money laundering
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at 1:00 AM