The Bank of England and London's bullion banks plan to begin releasing data on the amount of physical gold actually stored within the London gold vaulting system. Will this data provide anything meaningful? Probably not.
"The court is satisfied that [Christie] had knowledge of the traffic problems in Fort Lee. The court is satisfied that he had reason to believe that this traffic was purposely created, it was contrived, it was orchestrated for political retribution."
"Trump is making a rookie mistake. He is setting up the stock market to be disappointed regardless of the tax cut he manages to pass. I don’t know when this rally will end, but I know it will come before the actual tax cut news."
In an ironic twist of fate, it appears the catalyst for many of the biggest and most incomprehensible market ramps of the last few years is a fund called "Catalyst." With around $4 billion under management (before the latest collapse), the levered options fund is run by Edward Walczak who "uses options to create a better risk/return profile."
JPM's quant guru Marko Kolanovic writes that "last September, we forecasted a short term increase of market volatility and equity outflows" and adds that "a similar set-up is developing now, this time driven by extremely low levels of market correlations... We believe correlation will start rising going into March."
During Trump's press conference, the president announced, among numerous other things, that he will issue a new executive action on immigration "next week sometime" which will be "tailored to the decision" issued by the 9th Circuit Court of Appeals, and will rescind the initial travel ban which has been challenged in legal battles across the nation.
Vladimir Putin has ordered Russian state media to cut "way back" on their fawning coverage of President Donald Trump, in what three Bloomberg sources say is a "reflection of growing concern among senior Russian officials that the new U.S. administration will be less friendly than first thought."
"...the American people have to know that there's a game going on inside the intelligence community... at the bottom of all this is the fact that there are those that seek to separate US from Russia to reignite the cold war... wake up America!!"
President Trump just surprised The White House press corps by announcing he will hold a press conference at 1230ET today to announce his labor secretary pick. For now we do not know if he will answer any questions, but given the tweets in th elast 24 hours, he certainly has lots to say...
Delays in the talks between Greece and its lenders have brought back the ghost of Grexit. And what do citizens do when they feel political and economical insecurity? The run to banks and withdraw deposits.
Pentagon chief Jim Mattis on Thursday rejected any kind of military collaboration with Russia, despite a call by President Vladimir Putin for the West to work with his country on Syria and other issues. “We are not in a position right now to collaborate on a military level.”
Following President Trump's exclamations today with regard "un-American" leaks of classified intel, it appears he has a bigger, much more serious problem on his hands. WSJ reports that US intel officials have withheld information from President Trump due to concerns it could be leaked or compromised.
China is preparing to revise its 1984 Maritime Traffic Safety Law, which would allow local authorities to bar some foreign ships from passing through Chinese territorial waters. "As a sovereign State and the biggest coastal State in the South China Sea, China is entitled to adjust its maritime laws as needed, which will also promote peace and stable development in the waters."