US Financial Markets - Alarm Bells Are Ringing

If any unexpected fundamental news should emerge that throw doubt on the beliefs so widely held by market participants of late, a sizable surge in market volatility is likely to ensue.

Oil Slides After Rig Count Spikes Most Since April 2013

While a desperate Saudi Arabia jawbones how well OPEC production cuts are going, the road ahead looks like a surge in US Shale supply is coming. Following a brief dip in the previous week, US oil rig counts soared 29 to 551 last week - the biggest weekly rise sicne April 2013 - to the highest since Nov 2015.

Nigel Farage Joins Fox News

Following his comments yesterday that he "was proud to have played [his] part in Trump's election," Nigel Farage has announced that he will be joining Fox News channel as a contributor.

Pound Plunges After UK Retail Sales Crash Most Since 2011

The post-Brexit euphoria appears to have abruptly vanished in December as UK core retail sales plunged 2.0% month-over-month, the biggest drop since May 2011. Ironically, this crack in the 'Brexit Boom' occurred an hour before U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. Cable tumbled on the print (not helped by London home pre-sales plunging).

Trump Speech Preview: "Three Big Ideas"

1) "The speech is an attempt to address the deep structural problems facing American society", 2) The speech is "not ideological": "It's a rejection of ideological thinking., 3) The speech will convey "that a nation and its people and its affairs are like a family and you need to take care of them."