Gold Slammed Below $1250 After Fed Fischer 'Dovish' Comments

Confirming just two more rate hikes in 2017 and plenty of uncertainty and fear over productivity growth, a 'dovish' Stanley Fischer sparked an instant reaction in USDJPY (spiked above 111) and Gold (slammed below $1250) as stocks moved to the day's highs and bond yields rose (30Y over 3.00%)...

Bloomberg Terminal Subscribers Drop For Only Second Time In History

"A lot of the vendors [of financial information] are facing headwinds.  The combination of machines replacing traders where they can and cutbacks overall in financial institutions in terms of budgets has made it difficult for all vendors frankly to maintain [terminal numbers]."

RBC: "The Market Is Looking Increasingly Binary"

"Without movement here, the market is looking increasingly binary, with momentum building again in the ‘disinflation’ camp the longer we stay ‘stuck’ in status quo, ESPECIALLY into the back-half of the year, with the Fed again hiking and the ECB transitioning towards ‘tightening’ as well."

These Are The Best And Worst U.S. Cities To Own A House

At the top, with annual price increases of 10% or more, we find the usual west coast (and thus closest to China) suspects: Seattle and Portland, followed close behind by Denver and Dallas, which appears to be enjoying the recent revival in shale.

An "Under The Radar" Trump Trade Unwind

"I can’t help but laugh at the sounds of crickets coming from the Trump bulls’ camp. Not that long ago these nutjobs were overwhelming markets with their overly optimistic economic growth assumptions.... Suddenly everyone is dumping equities and greenbacks, while chasing US fixed income higher."

Watch Live: Paul Ryan Holds Press Conference On What Happens Next

Paul Ryan and GOP leaders are holding a press conference to discuss next steps in the aftermath of Friday's failure to repeal Obamacare, and as Reuters reports, among other discussion topics, the GOP is currently contemplating ways to revive the repeal of Obamacare, with CNN adding that Ryan may potentially re-engage the Freedom Caucus.

Tuesday Humor: Richmond Fed Smashes Expectation by Six Standard Deviations

The Richmond Fed Manufacturing Survey has now risen for 7 straight months, soaring to 22 in March - the highest since April 2010. This smashed expectations by over six standard deviations as new orders, employees, workweek, and wages all soared. Given the stagnation of industrial production, there must be something very special in Richmond...