In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a flurry of executive orders this week. Among them is an executive order intended to open up new areas of offshore oil and gas drilling.
Groups from across the political spectrum (from Bikers-for-Trump to Antifa) gathered in various spots across Berkeley this afternoon to protest/discuss the now-canceled Ann Coulter event. While events are peaceful for now, two antifa protesters have been arrested and 100s of police are on the scene.
"Animal spirits matter in markets and despite the obstacles that the new administration will face in passing legislation, the overall pro-business environment is in sharp contrast to the last “you didn’t build it” administration’s attitude towards business, enterprise, and free markets."
Tens of thousands of Canadian clients of Shaw are suffering what appears to be a nationwide loss of internet, cable and phone services. According to the outage map below, the service interruption is widespread and has impacted most Canadian metropolitan centers.
Throughout history, financial bubbles have only been recognized in hindsight when their existence becomes “apparently obvious” to everyone. Of course, by that point is was far too late to be of any use to investors and the subsequent destruction of invested capital. This time will not be different. Only the catalyst, magnitude, and duration will be.
After two consecutive quarters of disappointing earnings reports (which however failed to keep the stock down), AMZN is back to its beating ways, reporting both revenue and EPS which blew away expectations, sending the stock to new all time highs.
"Back to being bearish on small caps: This last bout of optimism is likely to signal the end of the Trump Put, as friction arises over the funding the bill. We now see four key reasons to be cautious on small caps."
Supporters of the movement "For The Common Macedonia" stormed the Macedonian parliament and attacked the deputies of the parliamentary majority, following a vote for a new speaker. In addition, journalists were detained in the press center of the Parliament.
Last week, it was coffee speculators; this week it's Small Cap traders. Despite tumbling earnings expectations, the Russell 2000 surged to a new record high yesterday... coinciding with speculative positioning reaching a record short.