Credit Suisse Shares Tumble On Report It May Sell $3 Billion In Stock

First Deutsche Bank, now Credit Suisse: according to Bloomberg, the second largest Swiss bank, is also preparing to take advantage of euphoric markets and is considering selling stock valued at more than 3 billion Swiss francs ($3 billion) as it seeks to boost capital levels. The news sent the stock sliding.

Republican Confidence Soars To 9 Year Highs As Democrats' Comfort Crashes

US Consumer Comfort soared to it highest since August 2001 according to Bloomberg latest survey, with confidence among those earning over $100k at its highest in history. However, the most notable finding of the survey is the massive divergence between Republicans and Democrats as the former have not been more comfortable since January 2008 as the latter plunges to levels seen in 2013.

Watch Live: Janet Yellen Tells America "Growing Up Poor Makes It Harder To Succeed As An Adult"

This morning Yellen has decided to continue her trolling of the US population, and following her September 2014 speech in which she explained to the poor, that it is important to get rich, in today's speech Yellen tells her audience that “considerable evidence shows that growing up poor makes it harder to succeed as an adult." Maybe it's time to give every baby a million dollars then?

Initial Jobless Claims Surge Most In 10 Months

This trend does not appear to be your friend. Initial Jobless Claims are unchanged since February 2016 after today's 18k spike to 258k. The last 3 weeks have seen a 15% surge in claims - the biggest spike since May 2016 (and before that since Dec 2013).

ISIS Claims London Attacker Was "Soldier Of The Islamic State"

The Islamic State, through its Aaamaq news agency, has claimed responsibility for the Londonattack that killed 4, and said that the London attacker was a "soldier of the Islamic State" and adds that the "attacker responded to call to attack countries of the anti-ISIS coalition."

Frontrunning: March 24

  • Republicans Struggle to Unite on Health Bill (WSJ)
  • Trump Still Negotiating in Bid to Save Healthcare Bill Before Vote (BBG)
  • Trump Tantrum looms on Wall Street if healthcare effort stalls (Reuters)
  • High stakes for Trump in vote on healthcare plan (Reuters)
  • GOP Lawmaker Sparks New Battle Over Trump Spy Claim (WSJ)

Italy Falls Out Of Love With The Euro: Beppe Grillo Resurgent In The Polls

Recent polls for Italian politicians supporting the eurozone and EU have collapsed. Pro-Europe polls are highly likely to get worse as a  further splintering of Matteo Renzi’s PD party takes place. It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an absolute majority in the next election...