February 27
S&P Oil FX Gold Silver 10Y USH
NFP jobs report for February on Friday
ISM PMIs and retail sales will also share the spotlight
Robust labor indicators have pushed back bets for the Federal Reserve's next rate cut
S&P is down 0.77% | 1:14
Gold is up 0.96% to $5,233
Silver gains more than 5%
10Y is 3.972%, lower by 3.6bp to lowest in three months
Oil prices up 2.48% to $67.82
Atlanta Fed GDPNow growth estimate for Q1 3.0% versus 3.1% last
A surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation) | Zero
PPI up 0.5% MoM and rose 2.9% YoY. Core PPI up 0.8% MoM and rose 3.6% YoY
Senate Leader Thune Confirms Vote To Secure Elections With SAVE Act
“We’ll put the Democrats on the record,” Thune told Fox News. “And it’s a stark contrast. The Democrats, even in the chamber last night, having to sit there and try and defend allowing non-citizens to vote in American elections. That is a losing proposition for them. So we will get a vote on it.”
Somali Trucker Caught Driving Wrong Way Could Not Read Road Signs, Speak English
AI, the Immigration Crackdown, and Overhiring in 2020-2022 Are Rattling the Labor Market | Wolf
Despite only tepid job creation by the private sector, unemployment remains historically low.
Trump Said We ‘Obliterated’ Iran’s Nuclear Program Last June. So Why Are We About To Go War? | Federl
The administration’s justifications for action against Iran keep shifting. Why can’t we get a straight answer?
Debt Rattle
* Arms dealer paid Boris a million pounds to convince Zelensky not to sign Istanbul peace deal in 2022
• Arming Ukraine With Nukes: Western Elites Have ‘Lost Touch With Reality’
* We've heard this exact line before...Colin Powell at the UN: We've seen evidence'
* Hillary: ‘I do not recall ever encountering Mr. Epstein.’ Epstein said Hillary was “much prettier in person”
* Mamdani’s NYC Flirts With Chaos. Assaulting police officers is not a prank. It is not political theater.
* The most terrifying AI features aren’t the ones we build. They’re the ones AI builds for itself.
* Biden FBI Investigated Susie Wiles and Kash Patel Phone Records “.. when both were private citizens…”
Fedrl: Dems Silent After New Revelations About Jack Smith’s Spying Ops On Political Enemies
CNN Faces a Suddenly Uncertain Future | PW
New York Times: “Netflix’s stunning surrender on Thursday in its effort to acquire Warner Bros. Discovery all but assures that the 24-hour news channel will soon be controlled by David Ellison, the chairman of Paramount Skydance and the technology heir best known in the journalism world for his recent revamp of CBS News.”
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at 1:00 AM