Don't Count Out Donald Trump Yet

Trump experienced a horrible period from mid-May to mid-June, which culminated in the dismissal of campaign manager Corey Lewandowski. Based on the mainstream media, Trump is finished. We’ve been incessantly bombarded with articles highlighting an ever widening lead for Hillary Clinton nationally in the polls. So is Trump finished? Not by a long shot.

WTI Jumps Above $48 After Bigger Than Expected Crude Inventory Draw

Last week's huge API-reported inventory draw followed by disappointing DOE-reported draw sent crude prices flip-flopping around $50 before they plunged into Brexit. Having ramped all day and beyond the NYMEX close, WTI tagged $48 and was fading into the API data. Against expectations of a 2.5mm draw, API reported a 3.86mm draw (remember they said 5.22mm draw last week before DOE said 917k). The entire complex saw inventories drawdown with Cushing more than expected, bouncing WTI back above $48.

Why The ECB Thinks Brexit Is Not A "Lehman Moment"

"I think indeed the comparison does not apply because the reaction to Lehman as you may recall was that several markets froze... That was not the case this time." Actually... that's not exactly true is it!!

European Parliament Plans To Remove English As An Official Language

There has been a lot of speculation surrounding what the changes will be in the relationship between the UK and the European Union as a result of the Brexit referendum. One thing we do know, is that according to a senior MEP, English will no longer be an official language of the European Union.

Are CEOs Dumb, Greedy, Or Corrrupt?

These MBA geniuses aren’t dumb in the traditional sense. But their decisions to squander hundreds of billion of shareholder money making horrible investment choices points to their greed and corruption.

What's Next For The S&P: "All Eyes On 1,950" The Charts Say

With global equity and especially FX markets underoing historic moves in the last two days, every trader's playbook has been tossed aside as setups and trendlines everywhere have been broken. So for everyone trading on nothing but momentum - which these days is most, and certainly all algos  -  here are some observations from BofA's chief technicial Stephen Suttmeier who says that with the S&P failing to breach 2,100 again, and having broken 2025, "all eyes are now on 1950."

Forget Hikes - Rate-Cut Odds Soar For September As NIRP "Bets" Hit Record High

Despite a modest bounce today, the collapse in stock prices and bond yields since the 'non-event' "won't affect our market" Brexit vote has sent market-implied rate-hike odds careening lower. In fact, there is now a 0% chance of a rate hike to November and a 23% chance of rate-cut in September with December (post-election) rate-hike odds just 7.7%!!! Fed Credibility is official dead...

Satyajit Das: What Does Brexit Really Signify?

History may well record that little changed as a result of Brexit after the long tortured process of negotiation of the terms of withdrawal and arrangements regarding trade and other matters with the EU. But, if the deep seated economic and social divisions within Britain or other societies cannot be dealt with peacefully and through existing processes, the risk is that it will unleash the furies of nationalism and isolationism in unknown ways and with unpredictable results.

 

Live Feed From London Anti-Brexit Protest

It was bound to happen: just days after a shocking Brexit outcome which was arguably lost due to the low participation of the pro-Remain, youth vote today the same youth, unhappy with the outcome it could have prevented, has congregated on London's Trafalgar square which is the venue of the first, so far completely peaceful, anti-Brexit protest to hit London.

Odey Makes 21% In Past 2 Days, Nearly Wiping Out Abysmal Start To The Year

After a truly hair-raising first half to 2016, if not so much for billionaire Odey as for his LPs, he appears to have finally hit a home run with Brexit. According to  Bloomberg, Odey's "winning run continued with the flagship Fund up 21% in just two days." The days in question: Friday and Monday, when the market's reaction to the Brexit vote was nothing short of surreal

Clinton Slams Benghazi Report As "Discredited, Conspiracy Theories"

"In refusing to issue its report on a bipartisan basis, the Committee is breaking from the precedent set by other Congressional inquiries into the Benghazi attacks. And in leaking out select portions from their report in the middle of the night, without even allowing some of the Committee's own members to see it, Republican members are clearly seeking to avoid any fact-checking of their discredited, conspiracy theories."

After Brexit, A Trump Path To Victory

The English wish to remain who they are, and they do not want their country to become, in Theodore Roosevelt’s phrase, “a polyglot boarding house” for the world. From patriots of all nations, congratulations are in order. It will all begin to unravel now, over there, and soon over here.

Bank of America: "If You Are Going To Panic, Panic Early"

"While globalization, immigration and the free market have strong support from the winners of these themes – the plutonomists and the highly educated, in our view they seem to have underestimated the frustration of developed market middle and working classes... We suspect that few will pay attention to these tectonic shifts – it will require more Brexit-type surprises for the message to sink in."