Unnamed White House Official Under FBI Investigation In Russia Probe: NBC

Following up on a previous report by the WaPo, NBC reports that according to 2 US officials, an "unnamed current White House official" is under FBI investigation related to Russia collusion. While there is no concrete further information, some pundits have tossed around the name of Jared Kushner as a potential target of the probe.

A Trillion Dollar Down Day

After reaching a record market cap of $74.1 trillion this week, global equities saw almost $1 trillion evaporate in a single day...

Warnings From The Market's Mount Vesuvius

Whatever you make of it, you’d be well advised to heed Wednesday’s warning.  In fact, if you bend your ear just right, you can hear the cries of the ancients from 79 A.D. Pompeii.  “Get out while you still can,” they shriek.  “This is your final chance!”

Weiner's Having A Bad Day: Huma Files For Divorce After Disgraced Dem Pleads Guilty To Sexting A Minor

After years of sexting scandals that cost him his marriage with Huma Abedin and potentially even cost Hillary the White House, disgraced former Democratic congressman and New York Mayoral candidate Anthony Weiner apparently wept as he appeared in a federal court in Manhattan today to enter a guilty plea for sexting a minor.  Weiner will have to register as a sex offender as part of the plea deal.

Trader Warns "Time Won't Heal These Market Wounds"

"Markets can trend, range trade, and correct. But one thing they can’t do under the current scenario is time-correct. The minute they stop moving, a powerful, even if short-lived, impulse takes over to reevaluate, cherry-pick and average down."

Lower 48 Production Nears Cycle Highs As Rig Count Rises For 18th Straight Week

While much was made of this week's drop in US crude production, it was driven by an Alaskan supply drop, not the Lower 48 whose production is at Aug 2015 highs. WTI back above $50 on the back of more OPEC jawboning appears to have everyone convinced this time is different, but for the 18th week in a row US oil rig counts rose (by 8 to 720).

The Real 'Monster' Eating The Nation

"The colossal security apparatus of this country has become a monster eating America... the Deep State’s main motive is moving heaven and earth to dump Trump... But when they do, of course, they are libel to foment an insurrection every bit as ugly as the dust-up that followed the shelling of Fort Sumter."