Fed Fail? Traders Cut Rate-Hike Bets By The Most In History Last Week

The last two weeks have seen speculators cover over $710 billion worth of Fed rate-hike bets - the biggest move in Eurodollar futures history as Trump concerns and Fed Minutes reignite lost faith in the ebullient future that sparked the creation of a record $3 trillion bet that The Fed will be right this time.

Kushner Role In White House Suddenly Unclear; May "Return To Private Life"

According to a pair of weekend reports from the WaPo and NYT, Kushner's fate in the White House is suddenly in question, and he has told friends that "he and his wife have made no long-term commitment to remain by Mr. Trump’s side, saying they would review every six months whether to return to private life in New York."

...And Now For The Bad News

This is the most important thing to understand about US federal government spending: the built-in costs are so extreme that they can’t possibly make ends meet. And the problem becomes worse each year...

Iran's Shockingly Honest Reaction To Trump's Visit To Saudi Arabia

"We have seen it all before. The Saudis are spending billions on arms which they don’t have the capacity to absorb...The Shah, too, spent billions of dollars buying arms from America, he too had capacity problems. We had 65,000 Americans in Iran, most of them in the armed forces. But then came the revolution and the weapons were used against him and his regime."

US Deploys Third Aircraft Carrier Toward North Korea

The United States is sending a third aircraft carrier strike force to the western Pacific region in an apparent warning to North Korea to deter its ballistic missile and nuclear programs. It is extremely rare for the U.S. military to deploy three aircraft carriers in close proximity to each other absent current or imminent military action.

One Bank Spots An "Amber Warning Sign" Inside The Vol Complex

"It is interesting that as volatility has remained low, the put call ratio has been falling as investors seek exposure to the rising SPX (buying more calls relative to puts). Moreover this has coincided with a sharp move higher in correlation momentum. This is an amber warning sign that momentum in stocks might be peaking over the coming months."

Two White Women Forced To Close Burrito Shop Because Of "Cultural Appropriation"

"Cultural appropriation is a bizarre concept when you think about it...It’s also a sign of severe cognitive dissonance among leftists. They claim they want everyone in the world to mix and live in peace, but they snap at people who dare to share another culture. Ironically, it sounds an awful lot like regular old racism."

Mortgage Rates Tumble To 6-Month Lows

After a week of dismal housing data, a silver lining perhaps. The spike in U.S. mortgage rates since the November presidential election has been cut in half.

Bitcoin 'Crashes' To 1-Week Lows - The Difference Between Fear And Concern

Bitcoin dropped over $900 from its record high at $2760 on Thursday in the last 48 hours, but has bounced back to remain up 17% week-over-week. While the volatility is unprecedented, Liberty Blitzkrieg's Mike Krieger notes it is indicative of the emotional excesses as investors experience the difference between fear and concern of what lies ahead for the global financial system (and indeed the status quo).