Earnings 'Magic' Exposed

At best one can accuse Wall Street analysts and the companies that feed them information of incompetence. At worst this is another pure and simple case of institutions gaming the system through a fraud designed to prop up stock prices.

Dutch Police Arrest Terror Suspect With Loaded AK-47 And ISIS Flag

Just hour after anti-Islam Dutch politician Geert Wilders was convicted of insulting and incting discrimination against Maroccans, moments ago the local police announced they have arrested a man in Rotterdam, suspected of planning a terrorist attack. Law enforcement found a Kalashnikov assault rifle and an Islamic State flag while raiding the man’s house.

GDP Hope Fades As Wholesale Inventories Tumble Most In 8 Months

For the 3rd month in a row , wholesale inventories dropped year-over-year (tumbling 0.4% MoM in October, the most since February) casting modest shadows on the Q4 GDP hope. Sales surged however, jumping 1.4% in October (double the 0.7% increase expected). Overall this reduced the critical inventories-to-sales ratio but it remains at notable cyclical highs.

Breaking The Correlation Curse

The “Curse of Correlation” may have finally met its match. The President-Elect’s proposed policies break so completely with the last 8 post-Crisis years that investors are re-evaluating everything from the trajectory of long term interest rates to which sectors stand to benefit the most under a Trump presidency.

 

Frontrunning: December 9

  • Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)
  • Syrian government forces press attack in east Aleppo (Reuters)
  • Trump: China Will Have to ‘Play by the Rules’ (BBG)
  • Trump’s Cabinet Picks Signal Coming Deregulation Moves (WSJ)
  • Russia’s Military Buildup on the Baltic to Test Trump on NATO (WSJ)
  • OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (BBG)

South Korea President Park Impeached In Corruption Scandal

Overnight, political turmoil migrated to Asia after South Korean lawmakers voted 234-56 to impeach President Park Geun-hye over accusations of bribery, abuse of power and violating her constitutional duties, setting the stage for her to become the country's first elected leader to be expelled from office in disgrace.

Hillary Reemerges, Slams "Dangerous Epidemic" Of Fake News

"This is not about politics or partisanship. Lives are at risk, lives of ordinary people just trying to go about their days to do their jobs, contribute to their communities," Clinton said addressing the "fake news epidemic." "It is a danger that must be addressed and addressed quickly."

Understanding Evil: From Globalism To Pizzagate

Most people are readily equipped to recognize evil when they see it directly. What they are not equipped for and must learn from environment is how to recognize evil disguised as righteousness. The concept of globalism is one of these ideologies that crosses the line of conscience and pontificates to us about a “superior method” of living.  It relies on taboo, rather than moral compass, and there is a big difference between the two...

The Obamacare 'Dilemma' In One Infographic

America’s healthcare system is at an inflection point, and no one really seems to know how to solve it. President-elect Donald Trump has consistently called to repeal or replace the Affordable Care Act throughout his campaign, but many pundits see this as being a catch-22 for the incoming administration.