Wednesday Iran attacked shipping and ports from the north end of the the Persian Gulf to the Oman Port of Salalah, 1500 miles to the south. The market is worried the U.S. military does not have a plan to neutralize this threat. Brent oil is back above $100.
Commentary & analysis of selected stories on March 12, 2026
Real wages grew a solid 1.7% in the year ending February, but consumers have lost purchasing power since the end of the Covid recession.
Commentary & analysis of selected stories on March 11, 2026
Commentary & analysis of selected stories on March 10, 2026
Large speculators have pared their net short position in Treasuries since reaching an extreme in September.
Commentary & analysis of selected stories on March 9, 2026
The U.S. shed 92k jobs in February, but the weather was not to blame.