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Every driver keeps a private economic indicator. It’s the number on the sign at the corner station, and it updates faster than any government report. That number has been stubborn this year. Regular gas averaged Read more…
Markets We run through the major themes of late. First, the French 10-yr OAT swap spread holds near 130 bps but at least the widening drift doesn’t continue. EUR/USD equally holds around 1.12. French parliament Read more…
Even some of Wall Street’s biggest bulls are tapping the brakes. Veteran strategist Ed Yardeni has pushed his S&P 500 target of 8,400 out to mid-2027 as bond yields climb. The jump in yields makes Read more…