You're Buying, They're Selling: Big Bank Execs Dump $100 Million In Stock As Market Soared

Shortly after the melt-up in US bank stocks began following Trump's election victory, we noted heavy insider-selling (and options expiration) among Goldman Sachs executives. Well the selling never stopped, as WSJ reports executives at the biggest Wall Street banks have sold nearly $100 million worth of stock since the presidential election, more than in that same period in any year over the past decade.

Brexit: The Full Timetable Of What Happens Next

Despite today's expected decision by the UK Supreme Court, which ruled that Theresa May has to put the Brexit decision to a vote in parliament, the government announced that the decision would not adversely impact its Article 50 timeline. So what happens next? Here is a quick recap of next steps in the Brexit saga.

Sean Spicer's Second White House Press Briefing - Live Feed

After a bizarre first press briefing earlier this week in which Sean Spicer slammed the media for their obsession with Trump's inaugural crowd sizes, Spicer is set to take questions once again from an undoubtedly anxious press corps starting at 3:30PM EST

2 Year Treasury Auction Stronger Than "Tailing" Headline Thanks To Surge In Foreign Demand

With no pressure in the repo market anywhere along the curve, there was little probability of a "surprise" squeeze into today's 2Y auction, and predictably, today's sale of 2 Year paper closed with a wide tail, printing at 1.21%, some 0.6bps wide of the When Issued. However, while the yield was poor, the Internals were far stronger than the headline would suggest.

Calexit: Record Number Of Californians Support Secession, New Poll Finds

According to a new Reuters / Ipsos poll, a record number of disaffected, Hillary-supporting Californians now support secession from the United States because they're just so "triggered" by Trump's victory.  If successful, California would become the single largest "safe space" in the world.

EU - Not China Or Japan - Is The Biggest US Treasury Holder (And This Is Not A Good Sign)

Mainstream media are reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries, as The EU became the top US Treasury holder in February 2016, i.e. one year ago. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down.

China Deploys ICBM System "In Response To Trump's Provocative Remarks"

Beijing has deployed advanced Dongfeng-41 ICBMs in China's Heilongjiang Province according to Chinese media reports based on images, possibly leaked to coincide with Donald Trump’s inauguration as US president. According to Chinese media, "this is Beijing's response to Trump's provocative remarks on China."

Trump: America For The Americans!

As the patriotic pageantry of Inauguration Day gave way to the demonstrations of defiance Saturday, our new America came into view. We are two nations now, two peoples.

Chinese Warships In Persian Gulf For First Time Since 2010

In a deployment not seen in seven years, three Chinese warships including a guided-missile destroyer warship embarked on a tour of Gulf Arab states for the first time since 2010 in what al Arabiya has called Beijing's "desire to play a bigger role on the global stage."

Limo Destroyed By Anti-Trump Rioters In DC Belongs To Muslim Immigrant, Fears Livelihood Lost

Images of so-called anti-Trump rioters breaking Starbucks' windows, busting trash cans, and burning bourgeois limousines in the streets of Washington DC really exposed the reality of the alt-left's tolerance and 'stuck it to the man'. The only problem being, in the case of the limo, 'the man' was Muslim immigrant Muhammad Ashraf whose small business now faces $70,000 losses and an injured employee.

US Manufacturing PMI Near 3-Year Highs As Input Costs Soar Most In 28 Months

Despite lackluster 'hard' data (IP only helped by cold-weather-juiced Utility surge), 'soft' survey data post-Trump continues to shine as US Manufacturing PMI soared in December to 55.1 - the highest since March 2015 (and notably better than preliminary values and expectations). Despite the steepest increase in new orders in 28 months, export orders were stagnant and employment slipped.

Trump Is Keeping FBI Director Comey

The F.B.I. director, James B. Comey, told his top agents from around the country that he had been asked by President Trump to stay on the job running the federal government’s top law enforcement agency, The New York Times reports, according to people familiar with the matter.