Trump’s givin Iran 48 hours to open the Strait of Hormuz… the equities market is giving Trump 24 hours to taco. Oil was signaling imminent global deflation. So this is an inflationary headfake that guarantees Fed policy error.

Trump's givin Iran 48 hours to open the Strait of Hormuz… the equities market is giving Trump 24 hours to taco. pic.twitter.com/AUIgO1jn4K — The Great Martis (@great_martis) March 23, 2026 Nikkei nearing a big support level as well pic.twitter.com/uP1v95Olqt — Michael J. Kramer (@MichaelMOTTCM) March 23, 2026 South Korea halts trading for 5 minutes after …

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Jobs Headfake Again!

BY DAVID HAGGITH Photo by Aarón Blanco Tejedor on Unsplash Rather than run with the quick trip to the insane realm of make-believe that stock and bond markets have made a lot of round-trips to over the past year, I suggested earlier this week that we hold both of the market-ecstasy job reports from earlier this week at …

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