Do We Really Need A Federal Ban On Horse Meat?

"For decades in the United States, turkey has been the center of the Thanksgiving meal. Some eccentrics may offer other choices, such as roast beef or duck, but nowadays, it's a sure bet that few households will be offering horse meat as one of Thursday's featured dishes..."

These Are The Top 50 Hedge Fund Long And Short Positions

In an unexpected turnaround, for once hedge funds aren't sucking (if once again underperforming both the S&P and the average mutual fund): for those who believe in piggybacking, here are the Top 50 most popular longs and shorts within the HF community.

WTI/RBOB Slide After Smaller Than Expected Crude Draw, New Record High Production

With WTI at its highest since July 2015, vol at 8mo lows, and the front-end flipped into backwardation for the first time since Nov 2014, it appears a lot of hope is priced into continued equlilibration (and OPEC). Last night's API (crude draw) provided some more confirmation but this morning's DOE data disappointed with a smaller than expected crude draw, and production rose once again to a new record high.

"Impeach Trump" Billboards Have Come To Times Square

For 10 minutes out of every hour through to New Year’s Eve, billboards on Times Square will direct passers-by to a website where they can sign a petition calling for US President Donald Trump’s impeachment...

Core Capital Goods Orders Plunge Most In 13 Months

After rebounding from its July jolt, Durable Goods New Orders dramaticaly missed expectations in October (dropping 1.2% vs expectations of a 0.3% rise). Perhaps even more concerning is the drop in Core Capital Goods Orders (-0.5% MoM vs expectations of a 0.5% rise) - the biggest drop in 13 months.

Frontrunning: November 22

  • Uber Is Facing Yet Another Irate UK Watchdog (BBG)
  • Oil Is Heading Towards a Two-Year High (BBG)
  • Regulators to press Uber after it admits covering up data breach (Reuters)
  • FOMO Fails to Drive European Stocks While Rest of World Parties (BBG)
  • Putin Hosts Assad in Sochi Ahead of Syria Summit (WSJ)