UMich Sentiment Soars As Economic Optimism Hits 14 Year High

Led by a jump in both current conditions and consumer expectations, University of Michigan’s Sentiment Survey jumped from 96.2 to 100.8, handily beating expectations of a 96.6 print, and the second highest level since 2004-only behind the March 2018 reading of 101.4. A snapshot of…

Health Scares At 2 US Airports Tied To Muslim Pilgrims Returning From The Hajj

As the global Muslim population continues to expand, conditions during the Hajj, the holy pilgrimage to Mecca that every Muslim must make at least once in their life are growing more crowded raising the likelihood that a serious infectious disease could easily spread. This tendency…

This Decoupling Has Never Been Greater

The divergence between financial conditions in the U.S. and Asia ex-Japan has got to extreme levels, according to the Bloomberg data. As Bloomberg’s Ye Xie details, the tighter the conditions are, the harder it is for companies to raise capital, the higher the risk of…

“Short-Tempered” Musk Reportedly “Snapped” At Staff Working 12-Hour Shifts In Model 3 “Production Hell” Week

The conditions at Tesla’s production facility leading up to meeting its Model 3 production goal have been reported as nothing short of hellish as Elon Musk “barked” at employees working 12 hour shifts, bottlenecking other parts of the company’s production and reportedly causing concern by…

UMich ‘Hope’ Slides To 5-Month Lows As Inflation Fears Hit 4-Year Highs

While Current Conditions surged back near cycle highs, ‘hope’ for the future slid to its lowest since January according to June’s final University of Michigan sentiment survey, leaving the headline print very modestly higher. Notably after a few months of high-income disappointment (and low-income exuberance),…

Nomura Warns, Emerging Market “Butterflies Are Flapping Their Wings”

While The Fed has shifted from QE to QT and a policy of broad “financial conditions tightening” has been driving the “rolling volatility events” of 2018 – with the potential for a “hawkish hike” next week causing more agitation – Nomura’s Charlie Mcelligott notes that…

UMich Sentiment Slumps Near 2018 Lows As Income Expectations Tumble

Preliminary data for May’s UMich sentiment survey showed a tumble in current conditions (and small rise in hope) but the final data showed both sliding notably intra-month with the headline sentiment index at its lowest since January. Headline Sentiment slipped from 98.8 prelim to 98.0…

Iran Lists 7 Conditions To Remain In Nuclear Deal

Two days after US Secretary of State laid out 12 draconian conditions for the US enter into a new nuclear deal with Iran, among which that Tehran must stop enrichment of uranium and never pre-process plutonium, allow nuclear inspectors “unqualified access to all sites throughout…