The Approaching Silicon Valley Meltdown

"'The Valley' (and its entire ancillary complex aka 'the disruptor class') is on the verge of receiving a wake up call, the likes of which may make the dot-com era look relatively 'stable' in hindsight..."

Meanwhile In Sweden, Crime Hits All Time Highs

It appears President Trump, having warned that Sweden's huge intake of refugees would lead to "problems like they never thought possible," has been vindicated, as the number of Swedes who were victims of crimes such as fraud and sexual offenses jumped to record highs last year.

Gold Drops To Key Technical Support After $2 Billion Purge

After surging above its 50-day moving-average on Friday, it appears someone is keen for that key technical level not to hold as they dumped almost $2 billion notional in seconds this morning, testing down to the 50DMA (but holding for now).

Key Events In The Coming Holiday-Shortened Week

It's a relatively quiet, holiday-shortened week, with volumes expected to grind lower as we head into the Thanksgiving holiday. Key economic releases are the FOMC minutes and the durable goods orders report, both on Wednesday. There is one speaking engagement with Chair Yellen this week.