David Stockman On The Anything President And The Everything Bubble

"The remaining bullishness and buy-the-dips robo-trading that temporarily sustained the dotcom bubble through March 2000 and the housing bubble through September 2008 will soon give way...  This century’s third great bubble’s days are numbered and in just a few digits."

Goldman Begs Clients To BTF Oil Dip

"Ignore the drop in oil prices... it's just technical" is the message from Goldman's bullish Damien Courvalin who believes fundamentally the pace of the inventory declines are encouraging and does not see evidence in the oil market to justify this (negative) shift in sentiment. In other words, BTF Oil Dip!

A Quarter Of Millennials Living At Home Neither Work Nor Study

At one point in time in America, living at home with mom and dad after crossing out of your teenage years and into your 20s was embarrassing and something that was generally avoided at all costs.  But, these days millennials seem to be embracing the free room and board provided by their parents.

Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments

In a day full of upside catalyst for the reflation trade including the strong TIPS auction, the speculation that the Obamacare repeal effort is back on track, and perhaps best of all the absence of hard data (today's Philly Fed "soft data" was, well, quite soft), the dollar, the S&P and Treasury yields all rose, after Treasury Secretary Steven Mnuchin said that "we are close to bring forward major tax reform", refuting speculation that it may be delayed into 2018.

The Best 'Unknown' Indicator

Even though investors have given up on the Trump reflation trade, this model has not. In fact, it has pushed up to new highs...

North Korea Threatens US With "Super-Mighty Preemptive Strike"

"In the case of our super-mighty preemptive strike being launched, it will completely and immediately wipe out not only U.S. imperialists' invasion forces in South Korea and its surrounding areas but the U.S. mainland and reduce them to ashes."

China Escalates Pressure On North Korea: Crude Oil Supply Halt On The Table

While US and North Korean officials have traded verbal missiles in the past few days, China has been noticably quiet. However, that just changed as a prominent Chinese expert told The Nikkei that China likely will halt crude oil exports to North Korea should Pyongyang conduct its sixth nuclear test, signaling a tougher attitude by Beijing toward its rogue neighbor.

European Close Sparks Dollar Buying Panic

It's unclear what the catalysts for this sudden vertical buying panic is, but minutes after Europe closed, the dollar suddenly went full bid, gold slipped, and Treasury yields rose...