iPhone 7 Outselling iPhone 8, Channel Checks Reveal

"Many respondents indicated that a meaningful portion of customers are buying iPhone 7 in lieu of the new iPhone 8, given the lack of significant enhancements in the new phone," KeyBanc analyst John Vinh wrote in a client note.

Spanish Prosecutors Seek To Jail Popular Catalan Police Chief

In a move that is set to further infurate the Catalan separatist, Spain's Public Prosecutor's Office has petitioned Judge Carmela Lamela, investigating charges of sedition in Barcelona on September 20, to jail Catalan Police chief Josep Lluis Trapero on remand, court reporters for Spanish media tweeted.

The Fading Scent Of The American Dream

"This dynamic has yet to fully play out, but it will. Whatever you think of Trump, his election isn't the problem; it's merely a symptom of much deeper forces that will sweep our corrupt and rotten-to-the-core status quo into the dustbin of history."

Frontrunning: October 16

  • Iraq-Kurd Fighting Threatens to Undo Anti-ISIS Coalition (WSJ)
  • Oil rises as fighting escalates in Iraq's oil-rich Kirkuk (Reuters)
  • Madrid moves towards direct rule over Catalonia (Reuters)
  • Central Bankers Cling to Stimulus Amid Weak Inflation (WSJ)
  • White House pitches corporate tax cut as win for workers (Reuters)

Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes

World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.  Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in the green, as both European and Asian stocks are higher.