US Financial Stocks Are Set For Their Greatest Monthly Gain Ever

Yesterday's short-lived correction in US bank stocks did nothing to tarnish the shocking exuberance of the month of November. With just 5 down days in the month (so far), US Financials added over $275 billion in market capitalization in November - the greatest gain in the index' history.

Jill Stein's Recount Effort Gets 12 Times More Coverage From ABC, CBS, NBC Than Her Entire Campaign

When Jill Stein was the Green Party’s candidate for U.S. president, the networks only gave her 36 seconds of coverage. However, as NewsBusters' Mike Ciandella details, as soon as she launched a campaign to contest the presidential election and demand a recount of ballots in several key states, the evening news shows on ABC, CBS and NBC managed to find 7 minutes and 26 seconds of coverage for her in just four days. That's more than 12 times as much coverage as in the entire campaign.

WTI Crude Shrugs Despite Biggest Cushing Inventory Build In 21 Months

With OPEC headlines driving every tick today (and machines seemingly going to sleep late on), we suspected tonight's API inventory data would be a non-event and the reaction was indeed muted as crude inventories drewdown 717k barrels (against expectations of a 577k build). The bigger deal was much more than expected builds at Cushing (biggest build since March 2015) and also notable builds in Gasoline and Distillates.

Obama Creates New Al-Qaeda Out Of Thin Air To Justify His Somalia War

An article published in The New York Times this past Sunday perfectly demonstrates how out of control and unconstitutional America’s foreign policy has become. It highlights the latest war being perpetrated by the Obama administration, which is expanding with very little scrutiny from the press or the government branch supposedly in charge of waging war, the U.S. Congress.

How Much Does The FBI Really Know About You?

The Federal Bureau of Investigations is facing a new lawsuit from EPIC (Electronic Privacy Information Center) regarding the agency’s latest biometric identification system.

Druckenmiller Joins Gundlach In Predicting 6% Yields; Expects Market Correction As Rates Rise

Stanley Druckenmiller spoke at the Robin Hood Investors Conference today where repeated he is bullish on the American economy following Trump's victory, anticipates a much stronger dollar and higher bond yields. Notably, he joined Gundlach in predicting 10Y yields would rise to 6% over the next year or two, a process which would lead to an equity market selloff.

Tesla Made "Methodology Changes" After SEC Busted Musk For "Tailored Accounting"

Did the SEC just grow some teeth? For those who follow our quarterly reporting on the farce that is Tesla's earnings, the non-GAAP malarkey will be no surprise whatsoever - especially given the last quarter's "methodology changes." But it seems, as WSJ reports, that the company had come under fire from the SEC for using prohibited accounting metrics and sharing that information with investors.

Weak Links In The "Trump Rally"

This is the first time, within the last three years, the markets have pushed a 3-standard deviation move from the 50-day moving average. Such a move is not sustainable and a correction to resolve this extreme deviation will occur before a further advance can be mounted.

Green Party Rebels Against Jill Stein: "We Do Not Support The Recount"

"As a candidate, Dr. Stein has the right to call for a recount. However, we urge the GPUS to distance itself from any appearance of support for either Democrats or Republicans. We are well aware of the undemocratic actions taken during the primaries by the DNC and the Clinton campaign. Greens cannot be perceived to be allied with such a party."

OPEC Negotiations: Here Is The Latest

With the last day of OPEC pre-negotiations almost over, the latest from Vienna is that Iran and Iraq appear to have softened their positions ahead of a crucial OPEC meeting on Wednesday, however as the WSJ reports, "it may not be enough to satisfy Saudi Arabia’s demands for a broad-based oil-production cut." Here are the latest hurdles to reach a deal.