BREAKING: Oil prices have officially broken above $85.00 for the first time since October 2023.
Since the December 2023 low, oil prices are up over 25% as geopolitical tensions have escalated. This comes as PPI, CPI and PCE inflation all posted year-over-year increases in February. Demand forecasts are being raised and supply disruption risks continue to rise. Higher oil prices are simply just the new normal in the post-pandemic world. Is the fight against inflation really over? Source: The Kobeissi Letter
In a surprise Monday ruling, SCOTUS determined Donald Trump is eligible to run for office again
The decision is a massive victory for Trump, whose eligibility on Colorado's ballot was challenged. The decision was issued one day ahead of Super Tuesday when 16 states will hold primary elections. Source: Business Insider
Another damming poll for Biden: With 8 mths left until Nov election, Joe Biden’s 43% support lags behind Donald Trump’s 48% in the national survey of registered voters
The share of voters who strongly disapprove of President Biden’s handling of his job has reached 47%, higher than at any point in his presidency. The betting markets are now also backing Trump. PredictIt has him 6%-pts ahead. Source: Bloomberg, HolgerZ
Why Europeans are nervous about NATO without the US in one chart
Source: Michel A.Arouet
In an US election year, the spread between “Job Creation” and job “approval rating on the economy” has NEVER been wider...
Source: Mohamed A. El-Erian
Is the market pricing in a Trump victory?
Based on Goldman's Republican winners vs losers basket performance, it appears stocks are moving in sync with Trump's odds. Source: www.zerohedge.com
During the election year, the averages tell us that it's going to be sideways to lower for the next 2 months...
Source: Grant Hawkridge
In France, 3 out of the 4 favorite political leaders are from the far right...
1) Marine Le Pen (RN) 40%; 3) Jordan Bardella (RN) 37%; and 4) Marion Marechal Le Pen (Reconquête) 29%. Source: Le Figaro Verian - EPOKA / February poll
