Barcelona Truck Driver And Main Attack Suspect Has Been Shot Dead

Younes Abouyaaqoub, the suspected driver behind Friday's terrorist spree in Barcelona, has been arrested according to Spain's La Vanguardia, while at the same time an "incident" was underway in the town of Subirats, west of Bercelona, where a mean wearing an explosive belt was shot down Reuters reports citing Spain's La Vanguardia newspaper.

S&P Nears Critical Support Level, Small Caps Underwater Year-To-Date

The S&P 500 has dropped to its 100-day moving-average support (2417) for the first time since the election as the usual dip-buyers are absent amid heavy volume. Small Caps have suffered worse, now in the red for 2017 as Gold leads The Dow and bonds year-to-date...

Beware The "The Cultural Civil War" Narrative: You're Being Played

"There is always common ground for those who dare to seek it. The Powers That Be are blowing up the bridges as fast as they can, whipping up fear and hatred of the Other, fanning the flames of extremism and claiming extremists are now normalized and everywhere... All of this is false."

Key Events In The Coming Week: All Eyes On The (Jackson) Hole

Absent any major geopolitical shocks, it is set to be a quiet summer week ahead with focus on the Jackson Hole conference. On the data front the key releases will be US durable goods and Eurozone PMIs, as well as Japan inflation & UK and Norway GDP.

Fiat Chrysler Shares Soar After China's Great Wall Confirms Interest

"With respect to this case, we currently have an intention to acquire. We are interested in (FCA).  Our strategic goal is to become the world's largest SUV maker.  Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better (than on our own)."

 

Herbalife Surges After Announcing $600MM Stock Buyback, Failed LBO Transaction

Herbalife announced that while the company had tried and failed to pursue an LBO, it has instead entered into a pact with Carl Icahn and unveiled a "self-tender" offer according to which it would pursue a whopping $600 million buyback, equivalent to about 10% of its market cap, purchasing shares at a price between $60 and $68

Frontrunning: August 21

  • Trump to present vision for U.S. strategy in Afghanistan war (Reuters)
  • Trump Struggles to Move Past Bannon, Starting With Afghanistan (BBG)
  • Final Plans Under Way as Solar Eclipse Nears (WSJ)
  • Yellen, Draghi Head to Jackson Hole Amid Inflation Unease (BBG)
  • Cohn Solidifies Lead in Race to Replace Yellen, Economists Say (BBG)

Eclipse Day Begins With S&P Futures Flat While Industrial Metals Soar

S&P500 futures, as well as Asian and European stocks, started off the week off unchanged after the S&P cash index fell to its lowest level in five weeks on Friday, with the "Bannon rally" fading on growing concerns about the US political situation, while tensions ratcheted up again as the US and South Korea began massive military drills

How The Elites Are Divorcing From Reality: The Economist's "What If"

"The Western globalist elites are still having a hard time dealing with their ideological failures, and when the reality dares not to comply with their day dreaming, they go online and create a parallel world, where their “expert” predictions always turn right and their failures cannot be questioned..."