• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

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It's That Time Again For Stocks

What happens next?


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Trump On Hillary: "If She Were A Man She Wouldn't Get 5%"

As the battle heats up between the presumptive nominees for President, the word-wars have begun. Following Hillary's "love Trump's hate" breaking-barriers speech last night, a seemingly calmer, friendlier Trump went after Hillary exclaiming that "the only thing she's got going is the woman's card...and the beautiful thing is that women don't like her." Trump added that he'll "do far more for women than Hillary Clinton will do," and that "if Hillary Clinton were a man, I don't think she'd get 5 percent of the vote."


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The $2 Trillion Gamble That Saudi Arabia Cannot Win

The Vision for 2030 is mostly smoke and mirrors. Saudi Arabia probably cannot replace the money it will lose if oil goes out of style and so is doomed to downward mobility and very possibly significant instability. It has been a great party since the 1940s; it is going to be a hell of a hangover.


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Trump To Get More Primary Votes Than Anyone In History

With a number of states remaining including California, Trump is set to surpass current record holder George W. Bush, who received 10.8 million votes in 2000.


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Facebook Soars After Beating Sales, EPS As Tax Rate Tumbles: Reports 1.09 Billion Daily Users

If yesterday it was doom and gloom for tech stocks, then today it's Facebook's turn for soom upside down frown turning boom. Moments ago the social network reported another round of blowout results...


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Watch Live: Congressional Hearing Pits Bill Ackman And Outgoing Valeant CEO Against Angry Senators

In a few moments, a major showdown will take place in Congress when on the same table Valeant's outgoing CEO Michael Pearson will sit next to Valeant's most prominent investor Bill Ackman and also the former CFO, Howard Schiller, who the company recently tried to scapegoat for most of the problem that sent the stock price of VRX crashing 85% from its summer 2015 highs.


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Ted Cruz Announces Carly Fiorina As VP Running Mate: Live Feed

As we predicted during our preview of Ted Cruz's "big announcement" earlier today, the republican presidential candidate, in hopes of kickstarting his mathematically impossible to win campaign, is set to announce that Carly Fiorina will be his vice presidential nominee if he’s the Republican Party’s pick for president according to Politico.


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Question Everything?

We've lost "hope," so this must be the "change"?


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And So It Begins?

Over the last few years we have made it abundantly clear that sooner or later it would be shown that the whole Silicon Valley meme of “It’s different this time” (i.e., in regards to unicorns, social everything, eye balls for ads etc., etc.) was nothing more than the equivalent of a teenager’s response of “because” when arguing why valuations of many of "The Valley’s" newest, or trans-formative platforms were clearly not only out-of-whack with reality, but bordered on insanity.


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Iran's Supreme Leader Accuses Obama Of Lifting Sanctions Only "On Paper"

Relations between Iran and Saudi Arabia, which supposed had thawed as part of Obama's landmark 2015 nuclear deal which also allowed Iran to resume exporting its oil, are once again on the fence following a statement by Iran's Supreme Leader, Ayatollah Ali Khamenei, which accused the United States of scaring businesses away from Tehran and undermining a deal to lift international sanctions. 


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FOMC Statement Key Take Aways: "Fed Leaves Door Open For June Rate Hike"

  1. The April 27 statement downgraded economic activity, said it "slowed", but labor market conditions "improved further" and inflation still expected to rise toward 2% over the medium term.
  2. Removed language that "global economic and financial developments continue to pose risks".
  3. Kansas City Fed's Esther George dissented in favor of a rate hike.

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Market Reacts To Fed Confusion With Chaotic Stop Hunt: Bonds Beating Stocks, Banks Pump'n'Dump

Update: Risk on is fading fast with bonds & bullion topping stocks

The kneejerk - USD up, stocks down, bonds down - reaction has faded and with The Fed statement pitching its dovish tent back in domestic concerns while keeping a hawkish eye on global developments. The Long bond is back in the green but it appears machines are busier running oil stops higher and dumping gold. Rate hike odds rose but very modestly from 21% pre- to 23.5% post-FOMC.


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Fed Removes "Global Risk" Alert But Keeps Monitoring "Global Economic And Financial Developments" - Full Statement Redline

Since Yellow-Yellen's March dovefest, stocks have rallied, China has stabilized, and while economic data has been weak in general - jobs and inflation (which is what The Fed claims to care about) have been positive. So how does The Fed make June a live meeting, tilt hawkish, and still protect the narrative of recovery and the sanctity of their equity market (which is all that really matters)...

  • *FED REMOVES REFERENCE TO GLOBAL EVENTS POSING RISKS TO OUTLOOK
  • *FED SAYS LABOR MARKET IMPROVED EVEN AMID SIGNS OF SLOWER GROWTH
  • *FED REPEATS ECONOMIC SITUATION WARRANTS ONLY GRADUAL RATE HIKES

So "risks" are "balanced" and The Fed is "data depedent" again - rate-hikes are back on the table, however here is a key change: instead of monitoring "inflation developments" the Fed is now "monitoring inflation indicators and global economic and financial developments" which is effectively the same as the struck language on "global economic and financial developments."


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