AAA  Adams  AG  AlJz  Alma  AltM  AltW  AmTh  A.Muse  AntiWar  Arm  ARS  Asia  Big  Bee  Bloom  Brown
Burn  CFP  CityJ  Clima   Cons  Conver  CP  Cradle  CTH  Date  DC  DCasey  Debt  Depot  DCol  Duck  Epoch
Fedrl  Forex  Freight  FT  Giz  Goog  Goth  Hill  Hot  Hua  Huff  Insta  Israel  John  JTN  Kirsch  Kory  Kunst
Legal  Lew  Libt  Marc  Margin  MTick  MEE  MEM  Merco  Mili  Mish  Moon  Naked  Nat  Neo  News  Now  NYP
NYT  Occi  OilPx  PCR  PJ   PL  Politico  PWire  QTR  Ras  Real  Reas  Reportr  Respon  RT  Sailer  SCMP  Semaf
Signal  Simpl  Smith  Sput   StCult   Surb  TAC  TCW  Tesla  TopWar  Town  TrendN  TrendP  Tribe  Turley
TWZ  UnHerd   Unz  Vet  VFox  VG  Vibes  Watt  Wauck  WSJ  Watch  Welsh  Wolf  WSWS  Yahoo  ZME  Zero
Mkts  FX  VIX  BTC  UY  Gold  Oil  2Y  10Y  30Y  Accu  Free  Prcp  YR  Windy  Map  Refresh    at 4:29 PM

April 6

S&P   Oil   FX   Gold   BTC  10Y

10Y is 4.345%, higher by 2.5bp | 9:31
Crude oil is up 0.60%, near 2022 highs
S&P is up 0.29%

Reports emerged that US allies pressed for a last-minute deal with Iran amid a potential longer ceasefire agreement, but retaliatory rhetoric from Tehran ahead of President Trump's threat of aggressive attacks starting tomorrow maintained risks of escalation in the region. The war maintained supply shocks in crude and product commodities, with spot crude prices in Europe having reached 2008-highs last week.

The pro-inflationary outlook for the Fed's economic policy was magnified by a strong jobs report released Friday, adding leeway for higher interest rates. Financial companies were mostly lower pre-market as cautionary comments from JPMorgan maintained pessimism in private credit. Meanwhile, tech giants were mostly higher.

Many centers shut for Easter Monday
This week: FOMC minutes, CPI data, the ISM Services PMI, Michigan Sentiment, and PCE

Higher yields could set up a bond short squeeze.
When or if higher oil prices lead to economic weakness, or if the Iran conflict de-escalates faster than expected, the Fed could quickly shift back toward a dovish stance more aggressively than the market anticipates. Further, the unwinding of the oil premium, combined with weaker economic growth and buying by yield seekers, could force a rapid unwinding of elevated short positions and drive a short-squeeze rally in Treasury prices. Investors who have been shorting bonds for the past month have been rewarded, but the bigger the short base, the more likely a meaningful reversal.

Debt Rattle

What the Hell Happened with the Rescue of the F-15E WSO in Iran? | John
Was this whole affair a botched raid by US Special Operations forces to seize Iranian uranium?
So, if it wasn't a rescue, what was it? The location is the key. | Nat


Email: wkidder42@gmail.com
Text: 1 646 257 2130
Voice: Use WhatsApp +1 646 257 2130    at 1:00 AM