Archive Monthly Archives: November 2017
Is Tax Reform A Done Deal? This Is What Wall Street Thinks
Following the backing of Sen. John McCain on the GOP tax reform bill, markets have surged to new all time highs as tax-sensitive banks lead the way, with Bloomberg reporting that odds for the tax bill’s passage may increase to “near-certainty” if the Senate can finish its version in the days ahead, citing Evercore ISI. […]
Continue readingDemocratization of Money vs. Economic Feudalism
The Fed is the Market, Until Someone Bigger Comes Along.. UPDATE:This editorial was written 3 days ago in reaction to reading the Zerohedge post As Bitcoin Nears $10,000 “Central Banks Kept Up At Night” by Vince Lanci “Free markets for free men”- patch worn on the Nymex floor during Iraqi war. The reality: We were cheerleaders for Halliburton […]
Continue readingVideo Shared By Trump Featured US-Backed FSA Commander Destroying Virgin Mary Statue In Syria
While Trump’s Twitter activity from yesterday continues to drive media and political outrage, especially in the UK, and with the focus of the frenzied coverage being that the president retweeted a far-right U.K. leader’s “anti-Muslim videos”, there is actually something much more interesting concerning the context to the “Muslim Destroys A Statue Of Virgin Mary” video. […]
Continue readingWTF! Equity Markets Go Full Bitcoin
Well that escalated really quickly… And as stocks go full bitcoin, VIX is surging higher too… Quite a different picture… Dow +350 Points Tax Trumps Nukes…
Continue readingUS-China Economic Dialogue Has "Stalled; No Plans To Revive Talks": Malpass
At the start of the year, one of the often repeated risk factors was that a trade war between China and the US could break out due to Trump’s hardline stance on the US trade deficit with Beijing. Since then, such fears have largely faded as the status quo re-established itself, and trade between the […]
Continue readingEU Agrees On Financial Settlement With The UK On Future Committments, Formula For "Brexit Divorce Bill"
Confirming reports from earlier in the week that the EU and UK have agreed on a financial settment for outstanding obligations as well as a formula for calculating the Brexit “divorce” bill, Reuters is out with the following headlines: EUROPEAN UNION HAS AGREED A FINANCIAL SETTLEMENT WITH BRITAIN ON FUTURE COMMITMENTS – SENIOR EU OFFICIAL […]
Continue readingGold Tumbles Below Key Technical Support As 5Y Yields Spike To Six-Year Highs
For the second day in a row, precious metals are being pounded as gold joins silver back below its 200-day moving-average… Knocking gold back to 3-week lows… All of which is odd given the chaos in the dollar… Two days of collapse in gold as the dollar goes nowhere… And Treasury yields […]
Continue readingHouse Committee Advances Legislation Allowing Concealed Guns In All 50 States
Though it was mostly overlooked amid the Senate’s crucial procedural vote on tax reform, the House Judiciary Committee late yesterday voted 19-11 in favor of a highly controversial bill, dubbed the Concealed Carry Reciprocity Act of 2017, which would amend the federal criminal code to allow the concealed transport of handguns across state lines, so […]
Continue readingNBC Fires Matt Lauer For "Inappropriate Sexual Behavior", Trump Gloats
The latest – and biggest – casualty from the Harvey Weinstein sexual harassment scandal was revealed moments ago, when NBC announced it fired its leading morning news anchor Matt Lauer over sexual harassment allegations, the network’s president for news said in a memo to staff on Wednesday. “Today” star Matt Lauer, the highest paid personality […]
Continue readingVIX – From Fear Index To Greed Index
Authored by Peter Tchir via Forbes.com, We have all heard the VIX or volatility index referred to as the Fear Index or Fear Gauge. Rising VIX was meant to signal fear in the markets. That is how most investors have historically thought about VIX and traded it (directly or through Exchange Traded Products). I have gone back […]
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