13-F Summary: Who Bought And Sold What In The Fourth Quarter

Yesterday's barrage of 13F releases showed that hedge funds like Third Point, Eton Park and Blue Ridge piled into shares of major banks, David Tepper's Appaloosa jumped into the pharma sector starting new positions in Teva, Pfizer and Mylan while Buffett aggressively added to airline steaks and nearly quadrupled his Apple position to $7.7 billion. Here is a full breakdown of who bought what in the fourth quarter.

Global Stocks Hit 21 Month Highs, Futures Point To New Record Ahead Of Inflation Data

The global "risk on" melt-up continues. After a modestly hawkish Yellen warned that every meeting is live, and refused to take March off the table, sending the dollar and yield higher and the S&P to fresh record highs, world stocks rose hitting a 21-month high on Wednesday with the dollar rising for the 11th straight day, the longest positive streak since July 2015.

Trump Begins Crackdown On DREAMers: "We Are Hoping This Detention Was A Mistake"

As state after state lodges various complaints to block President Trump's immigration executive order, it appears he is following through on campaign promises in other ways. What seems to be the first detention of a so-called DREAMer, a 23-year-old illegal Mexican immigrant has been arrested in Seattle by U.S. Immigration and Customs Enforcement officers.

Biggest EU Banks Embark On The Mother Of All Debt Binges

Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble reached its climactic peak.

NYTimes Reports Trump Aides' "Repeated Contact" With Russian Intel Officials, Admits No Collusion Discovered

As The White House tries to put the Flynn disappointment behind them, The New York Times appears to be resurrecting an old story with a new angle to keep the 'blame the Russians' narrative alive. Following FISA court approval (to spy on Trump's campaign), intercepted calls reportedly show "repeated contact" between Trump advisor Paul Manafort and senior Russian intelligence officials... but reveal no collusion.

Mayor de Blasio Paradrops Leaflets Over Schools: "We Will Not Turn Our Back On Immigrant Brothers & Sisters"

In what appears to be an effort to quell the fear rising in the 'legal' immigrant community about President Trump's 'illegal' immigration policies, New York City Mayor Bill de Blasio - not one to shy away from scare-mongering that very fear into 'legal' immigrants - has leaflet-bombed the city's public schools reassuring 'immigrants' that they will not be bothered by President Trump’s 'illegal' immigration efforts.

What Catalyst Will Start The Next Bear Market: Here Is Wall Street's Response

When BofA conducted its monthly Fund Managers' Survey, and asked what is the most likely bear market catalysts, the responses were as follows: "protectionism" = 34%, "higher rates" = 28%, "financial event" = 18%, "weaker EPS" = 15%. The "smart money" also said that the best protectionist investment is one: gold.

"It's Over Folks" The Neocons & The "Deep State" Have Neutered The Trump Presidency

"Today's Neocon victory [Flynn's resignation] is a huge event and it will probably be completely misrepresented by the official media. Ironically, Trump supporters will also try minimize it all. But the reality is that barring a most unlikely last-minute miracle, it’s over for Trump...I see very dark clouds on the horizon."