Peso, Loonie Spike On Positive NAFTA News

With NAFTA negotiations currently taking place, and NAFTA currencies very sensitive to every headline, both the Peso and Loonie suddenly spiked on a Bloomberg headline that suggests that talks just may be progessing in a favorable fashion.

Gold, Bonds, & Yen Surge As US Equity Markets Open

US equity futures were deleriously bid from the moment Europe opened overnight but as US equity cash markets opened, 'risk off' flows suddenly hit sending Yen, bonds, and gold kneejerking higher...

Yield Curve Carnage Continues

Forget inversions, the last four times the US yield curve was at these levels, the US economy was already in recession...

Our National Madness

Fakery and trickery are not solutions; they are a form of self-delusional madness that destroys the nation's ability to face reality squarely and choose real solutions, no matter how painful the choice and path might be.

Tencent Overtakes Facebook As Hong Kong Stocks Flash-Smash Overnight

Hang Seng futures exploded over 5% higher as after hours trading began last night, then crashed back to unchanged as the underlying cash index hit its highest since Nov 2007 on the heels of a surge to new record highs for Chinese tech giant Tencent - which is now larger than Facebook by market cap.

Frontrunning: November 21

  • U.S. sues to stop AT&T buying Time Warner, says would hike rates (Reuters)
  • Merkel Tells Her Rivals: Back Me or Face Voters (BBG)
  • German Turmoil Threatens Europe (WSJ)
  • European Giants Are Making a Bad Month Worse for Stock Market (BBG)
  • Taylor Swift Is Building a Wall (VF)

Putin Holds Surprise Meeting With Assad, Will Call Trump By Phone Later Tuesday

Vladimir Putin held a surprise meeting with his Syrian counterpart, Bashar al-Assad, ahead of a diplomatic drive this week in Sochi where he will meet with Erdogan and Touhani to outline the terms of the end to Syria's bloody civil war. Just as notably, Putin said he would speak by phone with President Donald Trump later Tuesday.

France's Macron Covers For Saudi Aggression

"...Less charitably, what Macron is really doing is giving cynical cover to the Saudi rulers for their extraordinary acts of aggression towards Lebanon and their violation of that country’s sovereignty..."