Mnuchin Praises Strong Dollar, Adds To Currency Confusion

“For longer-term purposes, an appreciation of the dollar is a good thing, and I would expect longer-term, as you’ve seen over periods of time, the dollar does appreciate. “In the short term, there are certain aspects [of a strong currency] that are positive about the dollar for our economy and there are certain aspects that are not as positive."

We Need Hope

"When faced with bad news week after week, it’s easy to despair of humanity’s future. But we can’t let the evils of politics convince us that change for the better is impossible. We have to hope."

Oil Bounces After Surprise Inventory Draw

While OPEC compliance remains key, it appears fundamental over-supply fears are mounting once again. Against expectations of a crude build and gasoline draw, API reported a surprise crude draw but smaller than expected gasoline draw. Cushing also saw a major drawdown and Distillates saw the biggest draw since Oct 2014. WTI and RBOB prices were marginally higher on the print.

Watch Live As The Last Remaining Standing Rock Protesters Are Evicted By Police

After nearly a year since the first protest camp sprung up in opposition to the Dakota Access Pipeline, all remaining Standing Rock protesters will officially be evicted today in compliance with an executive order signed last week by North Dakota Governor Doug Burgum...will it be a non-event or will we see one more round of fireworks?

Unleashing Wall Street

Untying Wall Street from bureaucratic rules is at least heading in the right direction. But it will only benefit the Main Street economy if Wall Street is doing business honestly, facilitating win-win deals by matching real capital up with worthy projects. That, of course, is what it is NOT doing. It is a Deep State industry aided and abetted by the Fed’s fake money.

Not So Smart Money: Hedge Funds Are Again Underperforming The S&P 500 In 2017

As Goldman reports in is quarterly hedge fund Trend Monitor report, six weeks into the year, the strong equity market has lifted the average hedge fund to just a 2% return YTD, once again underperforming the broader market YTD by more than 50%, while macro funds have generated a 0% return YTD

Mother Nature Massacres Natural Gas Bulls

"It’s been kind of worst-case scenario for the bulls... Mother nature continues to be bearish, ultra-bearish... The utter lack of (heating) demand is, in my opinion, 99.9 percent of the natural-gas story."

Bonds & Bullion Bid As Stocks, Dollar Drop On Fed Warning

March rate hike odds dropped very marginally from before The Fed minutes (from 38% to 34%) but there is a great reaction in capital markets with stocks disappointed by The Fed's warnings and bonds and bullion bid...

FOMC Minute Hint At Hike "Fairly Soon", But Warn Trump Policies May "Not Materialize", VIX Too Low

"...the recent increase in equity prices might in part reflect investors’ anticipation of a boost to earnings from a cut in corporate taxes or more expansionary fiscal policy, which might not materialize.... They also expressed concern that the low level of implied volatility in equity markets appeared inconsistent with the considerable uncertainty attending the outlook for such policy initiatives."

Seven Earth-Like Planets Discovered 40 Light Years Away

After holding us in suspense for days with promises of a "major" announcement, NASA has just revealed that it has discovered 7 "Earth-sized" planets orbiting a nearby star that are relatively well positioned to support life.  But before you pack your bags, you should also know that it would take you roughly 44 million years to get there using modern technology.