Two Key Indicators Show The S&P 500 Becoming The New "Cash"

"...the downward slope points to a meager long-term return. In fact, if we use only the scatter plots above to make our estimate, while also accounting for the Fed’s predicted interest rate path, the S&P 500 appears to offer a similar return to cash."

NASCAR Team Owners Say They Won't Tolerate National Anthem Protests

Hall of Fame driver Richard Petty told the AP that “anybody that don’t stand up for the anthem oughta be out of the country. Period. What got ’em where they’re at? The United States.” When asked if a protester at Richard Petty Motorsports would be fired, he said, “You’re right.”

FX Week Ahead: Market In Need Of Brain-Changer, Not Game-Changer

After the FOMC meeting last week, it was (yet) again apparent that the Fed are still keen to maintain a normalisation path designed to not only get rates back to neutral levels, but also build up the policy tool kit again as well as staving off excessive leverage which has boosted stock markets to record highs. 

Why "Populism" Is Here To Stay

"...despite the fact that the survival of the liberal centre depends on the economic well-being of the middle-class, the liberal elites do not care enough to salvage it. Their attitude towards the issue is a mix of sufficiency, contempt and plain unwillingness to change a system that they perceive as beneficial to them."

Whatever The Fed Does... It's Bullish

"But let’s be very clear about one thing... The Fed does NOT honestly believe in the strength of the recovery, that inflationary pressures are present OR that employment is as strong as stated... It’s actually quite the opposite."

"Go Out & Vote!" - Catalan Separatists Defy Spain, Distribute 1 Million Ballots Ahead Of Referendum

Following the confiscation of millions of ballots in recent days, and the Spanish governments' pressure on local mayors to deter the October 1st independence referendum, AP reports that the grassroots groups driving Catalonia’s separatist movement defied Spanish authorities on Sunday by distributing one million ballots for the vote that  Madrid has called illegal and vowed to halt.

With German Polls Closing, Merkel Looks To Historic 4th Term In Office; Far-Right AfD Set To Enter Bundestag

With polls closing shortly, Germany voted on Sunday in the country's federal elections in which long-serving Chancellor Angela Merkel looks certain to win a historic fourth term in office. The vite is also expected to see the right-wing Alternative for Germany (AfD) entering parliament: it would be the first time in 60 years that a far-right Germany party will be represented in the Bundestag.