manufacturing PMI results in May 2026
June Brings a Different Tune in Expectations about When Hormuz Will Reopen
June 1, 2026
(137) Given last week’s optimistic mood regarding negotiations for a lasting ceasefire and reopening of the Strait of Hormuz, todays dour mood has seemingly descended on the financial community without warning. On closer inspection, the shifting prospects for a “deal” was predictable and inevitably timed. Overly optimistic forecasts especially from the U.S. side have happened […] More
