The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.
"U.S. equities make records weekly but the next stage is surely going to be de-risking and deleveraging, meaning a correction is likely. When it comes to financial markets trading the promises of the then-incoming U.S. administration, the end of 2016 was dominated by unrealistic hopes. The next phase may be dominated by genuine disappointment upon realizing the future is at the pessimistic extreme of the potential spectrum."
Malaysian police reported that the "mystery poison" used in the murder of the North Korean leader Kim Jong Un’s brother was the deadly nerve agent VX, which is listed as a weapon of mass destruction and is banned under the Chemical Weapons Convention.
Despite enduring more than half a decade of conflict leaving an estimated 400,000 dead and 11.4 million displaced, Syria retains an active stock market. In fact, last year was the Damascus Securities Exchange's busiest on record.
The U.S. economy and the dollar are slated for a controlled demolition. The Fed will do everything in its power to prod Trump and conservatives into war with the central bank, because the Fed is now ready to sacrifice itself and the dollar’s world reserve status in order to clear a path for a new global system and ideology. The Federal Reserve is a suicide bomber.
It is absolutely imperative to see Trump as a symptom of a sick and broken system as opposed to the root cause of anything. The corporate media and legions of mourning Hillary cultists continue to present the Trump threat in extraordinarily simplistic and unhelpful terms. They act as if he’s the head of some evil snake, and that disposing of him as an individual will get America back on track. This couldn’t be more wrong.
Tosoh Corporation, the giant Japanese petrochemical conglomerate, collapsed over 20% to below JPY800 shortly after the Japanese open, on volume eleven times average as traders scrambled to find out the catalyst. There was no news of course - just another flash-crash in a world of limited liquidity at the margin (where a small options-arb fund can drive the US equity market for a week).
John Boehner has reportedly told an Orlando health care conference that the idea of a speedy repeal-and-replace of Obamacare is just "happy talk" while adding that "repeal-and-replace [is] not going to happen" because "Republicans never ever agree on health care."