ISIS Blows Up Historic Grand al-Nuri Mosque In Mosul

The Islamic State on Wednesday night destroyed the famous Grand al-Nuri Mosque located in Mosul, best known for its leaning minaret, known as the "hunchback" and one of Iraq’s most famous landmarks.

Regulators Are Probing RenTec's "Secret Trading Code"

Commodity Futures Trading Commission are probing the "secret trading code" at RenTec run by Democrat, and Hillary Clinton supporter, James Simons and Trump's most influential financial backer, Robert Mercer,

The Reverse Tepper Moment Looms

Seven years ago when Tepper made his bold call, the Fed was trying their best to get stocks higher. At that point, no one believed, and it took guts to ride along in the Fed’s wagon. Today, the Fed is trying to keep financial conditions from becoming too easy, and once again no one believes.

ISIS: Losing The Battle, But Winning The War

"As the Caliphate razed to the ground everything in its path, Europe reacted as if that were just the result of regrettable manners that should not concern her. The Islamists, however, had other plans..."

WTI Tumbles To $42, Brent Below $45 As Credit Crashes

High yield energy credit markets are in trouble again, with risk now at its highest level in 7 months. Despite this morning's Iran-hyped OPEC bullshit and a small draw in Gasoline, it appears the reality of surging US shale production and lagging demand is weighing down oil (and gasoline) markets...

Goldman's New Favorite Trade: Make 25x Your Money If Stocks Drop 7%

As we have pointed out numerous times, Goldman notes that elevated US policy uncertainty and geopolitical risk indicate heightened risk of more frequent political and geopolitical tail events. And given the extreme complacency in markets, Goldman suggests the following trade as a clean way to play that concept of reality emerging into market pricing once again...