Cloaking a fake "market" with artifice to maintain its asymmetrical distribution of wealth and income also cloaks its detachment from the real world...

US President Trump to deliver a nationwide address on Wednesday to give an important update on Iran at 21:00EDT/02:00BST, according to the White House.

...a manic end to March madness: we love the smell of 'off-ramps' in the morning...

Trump: "Well, I think it'll [Hormuz] automatically open, but my attitude is, I’ve obliterated the country."

Almost two-thirds of children with a disability had a “social” or “behavioural” impairment...

US President Trump is to deliver a nationwide address on Wednesday to give an important update on Iran at 21:00EDT/02:00BST, according to the White House.

Foreign central banks have sold Treasuries for five consecutive weeks since the week right before the war, bringing their 

US President Trump believes the Iran war is likely to end soon and said other nations can reopen the Strait of Hormuz themselves, while Iran's President said the solution is an end to aggression and Iran is prepared to end the war with guarantees against further attacks.

REAR VIEW: Iranian President Pezeshkian said Iran seeks no war but is prepared to end it with guarantees against further attacks; Trump says US two weeks ahead of schedule on Iran, not pulling assets in the Strait of Hormuz yet, war likely to end soon; IRGC gives list of US companies as legitimate targets, including MSFT, META, NVDA; Trump reportedly tells aides he's willing to end the war without reopening Hormuz; Kuwait warns of a potential oil spill after an Iranian strike; US JOLTS in line, prior revised up; US Consumer Confidence unexpectedly rises; EZ March Inflation comes in beneath forecasts; Warren Buffett says there is a big market decline, Berkshire will deploy cash; LLY to acquire CNTA, BIIB to acquire APLS; NVDA invests $2B in MRVL; MKC to merge with Unilever Food Business

Valuations have adjusted to a point where the feedback loop from higher energy prices into weaker growth has become more material...

A real-world framework for the neutral rate shows that inflation risk is becoming further inflamed even as rates have tightened. Stocks and bonds are not pricing this outcome...

Stock market breadth, by any measure, is at levels historically associated with significant forward returns for patient investors...

....tossing in a token “bonjour” and “merci” did not help.

Feels like the day of reckoning has arrived for memory...

Things are going from bad to worse for Larry Ellison's tech giant. 

"Might we conclude that the US government, understanding the demand destruction coming from elevated oil prices, could help alleviate the oil burden by passing a fiscal stimulus bill before the worst arrived?" - Morgan Stanley

“The longer the war in Iran lasts and the more destructive it becomes, the greater the risk of inflation will be. Consequently, the sooner and more decisively we’ll have to respond.”

"Are we back to running the 2022 playbook?"

This was a messy JOLTS report and aside from the now revised away January spike, it confirms that the US labor market continues to deteriorate slowly with every passing month.