In the latest stunning revelation in today's saga involving the FBI's second probe, moments ago the NYT reported that the new emails uncovered in the closed investigation into Hillary Clinton’s use of a private email server were discovered after the F.B.I. seized electronic devices belonging to Huma Abedin and her husband, Anthony Weiner.
Just as was witnessed following “The Great Depression,” the bursting of the next asset bubble will likely once again drive participants away from the market for an entire generation, or longer. The problem for individual investors is the “trap” that is currently being laid between the appearance of strong market dynamics against the backdrop of weak economic and market fundamentals. Ignoring the last two to chase the former has historically not worked out well.
"We did not have advance warning," White House spokesman Eric Schultz told reporters traveling with President Barack Obama to a campaign event for Clinton in Orlando, Florida. Schultz said news of the Federal Bureau of Investigation probe has not affected Obama's support for Clinton.
"FBI Director Comey should immediately provide the American public more information than is contained in the letter he sent to eight Republican committee chairmen.... It is extraordinary that we would see something like this just 11 days out from a presidential election."
3 arrests have been reported today in Florida and Virginia on charges of "illegally marking ballots" and filing fraudulent voter registrations...That said, we're awaiting confirmation from the DNC that there is still "no evidence" of election fraud.
While VIX remains subdued at bull-market-narrative-confirming levels, there are extreme concerns being exhibited in VIX options. There are currrently almost 7 times more 'call' options (bets on a higher VIX) than 'put' options oustanding on the 'Fear' index - the highest since August 2015, just days before China devalued and the US equity market crashed.
With reporters desperate for a soundbite from Hillary, she refused to add fuel to a fire which at this point she has no control over, and as BBC's Kim Ghattas who covers the Clinton campaign just tweeted, she deplaned her plane in Cedar Rapids, Iowa without a comment.