5 Financial Myths You Should Ignore

The financial terrain is strewn with robust fables cleverly disguised as facts... The tenacious nature of outdated financial tenets is never questioned.

Dollar Index Nears Crucial Line In The Sand

The Bloomberg Dollar Index has given up almost three-quarters of the post-Trump-election gains - having tumbled for 5 days straight. However, with seemingly everything on the line in Thursday's Obamacare repeal vote, the USD index is within 1% of two crucial technical levels.

"Trump Trade 1.0" Is Over - Why It Will Take Some Time To Ship Version 2.0

Do not fear: there will be a “Trump Trade 2.0” at some point this year. Either valuations will retreat to the point where they reflect the reality of a legislatively-driven set of catalysts, or Washington will (in its own time) deliver on a pro-growth agenda as the market treads water. Just remember: Washington doesn’t work in New York minutes.

An OPEC Deal Extension Isn't As Simple As It Sounds

OPEC’s deal now is trying to send a unified message that the members are making every effort to rebalance the market, so it’s unlikely that OPEC will correct Iraq’s insistence that the deal was forged over export figures rather than production figures.

The Echo Chamber Of Elite Economists: Often Wrong, Never In Doubt

Despite what appears to be an inflection point of radical change, most of which remains unknown, the consensus opinion of professional economists and markets, in general, are well-aligned, optimistic and seemingly convinced about how the economy and markets will evolve throughout the year.  The consensus forecast based upon an assessment of economic projections from major financial institutions appears to be the result of a Ph.D. echo chamber, not rigorous independent analysis.

Algos Gone Wild As Stocks Swing On Every Healthcare Vote Headline

US equity markets suddenly dumped on heavy volume after House Freedom Caucus chairman Mark Meadows, speaking after White House meeting, said there are still not enough votes to pass healthcare bill. .. only to surge on a headline of Barletta flipped to support the bill.

London Mayor Sadiq Khan Issues Statement On London Terrorist Attack

"There has been a serious incident near to Parliament Square this afternoon which is being treated as a terrorist attack until the police know otherwise. I have spoken to the Acting Commissioner. The Metropolitan Police Service is dealing with the incident and an urgent investigation is underway. My thoughts are with those affected and their families."

Dijsselbloem Must Go, But That Solves Nothing

The EU in its present form cannot continue, and any options that would have allowed reforming it have been closed off due to its very structure. That real problem is that people don’t get to vote for who controls Brussels. So even if Dijsselbloem is ousted, the powers that be, Germany, Holland, Finland, Austria, will simply appoint another one of their pawns in his place. 

Will Yesterday's Market Selloff Turn "Emotional": Here Are The Key Indicators RBC Is Looking At

"...yesterday’s ‘vol-trigger’ induced mechanical risk deleveraging, which largely emanated from the accelerating breakdown in USD (and thus ‘reflation’) exposures...The final 30 minutes of the EU and US equity sessions will be a key-indicator in determining if there is ‘follow-through’ in the deleveraging. This is where ‘mechanical’ can transition to ‘emotional’ for fundamental players."

Conservative Koch Brothers Urge Resistance As Trump Faces Pivotal Obamacare Vote Tomorrow

Donald Trump faces a Presidency-defining test in tomorrow's Obamacare vote.  Will the conservative elements of the party trust him with their political futures and unite the Republican party or will they instead stick with the deep-pocketed conservative advocacy groups that fund their campaigns?  The answer to that question will have far-reaching implications that could ultimately determine the fate of Trump's entire Presidency.

Tillerson: "I Didn't Want This Job"

"I didn't want this job. I didn't seek this job," Tillerson told the Independent Journal Review in an interview during his recent Asia trip. When asked why he agreed to take on the position of secretary of State, Tillerson said his wife "told me I'm supposed to do this."