American International Group

Carl Icahn Says Stock Rally May Be Overdone, Calls Trump A "Consensus Builder"

Having turned decidedly bullish in the immediate aftermath of the Trump victory, his supporter Carl Icahn said the strong rally in U.S. stocks since last Wednesday's "shocking" event might be overdone, however he added that investors can expect the president-elect to be a consensus builder who can help fix Washington and improve the economy. "When it runs up like this, I scale off a little bit," Icahn said adding "that doesn’t mean that I am that negative or positive."

Frontrunning: October 7

  • Pound struggles to recover after plunging 6% in 2 minutes (FT)
  • Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed (BBG)
  • Pound Plummets Against Dollar in Chaotic Trading (WSJ)
  • Two-Minute Mystery Pound Rout Puts Spotlight on Robot Trades (BBG)
  • U.S. nonfarm payroll job growth seen pushing case for Fed hikes (Reuters)
  • Qatar won't sell Deutsche Bank shares, might buy more (Reuters)

Frontrunning: October 6

  • Millions flee as Southeast U.S. braces for Hurricane Matthew (Reuters)
  • Hurricane Matthew Is a $15 Billion Threat Headed to Florida (BBG)
  • Three Risks to the Global Financial System as Debt Hits Record Levels (WSJ)
  • Deutsche Bank’s $14 Billion Scare (BBG)
  • Deutsche Bank Mismarked 37 Deals Like Paschi’s, Audit Says (BBG)
  • Monte Paschi Said to Plan Debt-Swap Deadline Before Italian Poll (BBG)

Frontrunning: October 5

  • ECB 'taper' talk hits stocks, sterling hits 31-year low (Reuters)
  • Crude Rises to Three-Month High After U.S. Stockpiles Plunge (BBG)
  • Gross Says He Shortened Duration on Europe After Taper News (BBG)
  • Chicago Fed's Evans 'fine' with December hike if data stays firm (Reuters)
  • Euro zone business growth at 21-month low in September (Reuters)
  • Deutsche Bank Brings Too-Big-to-Fail Quandary Home to Merkel (BBG)

Frontrunning: September 29

  • Stocks Jump as OPEC Splits Markets; Indian Assets Drop on Attack (BBG)
  • In U-Turn, Saudis Choose Higher Prices Over Free Oil Markets (BBG)
  • Congress Passes Spending Bill to Keep Government Running (WSJ)
  • Wells Fargo chief Stumpf heads to Hill with pressure mounting (Reuters)
  • Lawmakers Won’t Let Wells Fargo Forget Its Scandal Anytime Soon (BBG)

Frontrunning: September 28

  • Stocks Rally as Deutsche Bank Slump Ends, Oil Gains Before Talks (BBG)
  • German government prepare Deutsche Bank rescue plan (Reuters)
  • German financial watchdog not working on emergency plan for Deutsche Bank (Reuters)
  • Saudi Arabia Signals Openness to Future Oil Compromise With Iran (BBG)
  • Will Congressional Face-off Over Flint Lead to a Government Shutdown? (NBC)
  • Shimon Peres, Israel's last founding father, dies at 93 (Reuters)

Frontrunning: September 14

  • Bayer wins over Monsanto with improved $66 billion bid (Reuters)
  • Yen trims gains as doubts creep in over BOJ easing (Reuters)
  • BOJ to make negative rates centerpiece of future easing: sources (Reuters)
  • Stocks Halt Selloff in Europe as Commodities Gains Lift Miners (BBG)
  • Donald Trump, New Team Recast His TV Image (WSJ)
  • Hanjin Brings One of World's Busiest Shipping Terminals Close to Standstill (BBG)

Frontrunning: September 12

  • Selloff gathers pace as stimulus pullback fears deepen (Reuters)
  • Clinton's bout of pneumonia raises worries for Democrats (Reuters)
  • Google's Self-Driving Car Project Is Losing Out to Rivals (BBG)
  • OPEC sees more oil supply from rivals, implying larger 2017 surplus (Reuters)
  • Oil falls as U.S. drills more (Reuters)

Frontrunning: August 24

  • 'Voices under the rubble' after quake hits Italy; at least 38 dead (Reuters)
  • Turkish tanks, special forces launch first major push into Syria to battle IS (Reuters)
  • A Year After Stocks Armageddon, It’s Smooth Sailing for Markets (BBG)
  • Global stocks ease, dollar holds ground as U.S. rate bets abound (Reuters)
  • Merkel Tells Renzi He Can’t Bend Euro Rules to Boost Growth (BBG)

Global Shares Slide As Japan Stimulus Disappoints, RBA Underwhelems, Italy Bank Fears Return

European stocks slid to a two-week low amid mixed earnings, as bank stocks extended yesterday’s decline as fears that Italy is not "fixed" have reemerged, not helped by an adverse market reaction to a disappointing Japanese fiscal stimulus announcement, while the AUD first dropped but then jumped after the RBA's priced in rate cut was announced, seen as underwhelming.

Frontrunning: February 12

  • Yellen's dilemma: A downturn with no easy response (Reuters)
  • Clinton, Sanders clash over Obama as they vie for minority votes (Reuters)
  • Risk Grows of Markets Sparking Recession (WSJ)
  • Global Stock Rout Eases Amid Oil Advance as German Bonds Decline (BBG)
  • U.S. Benchmark Yield Will Be at Record Low in March at This Rate (BBG)
  • Oil Prices Rally on Hopes of Production Cuts (WSJ)

Frontrunning: February 2

  • Punxsutawney Phil Does Not see shadow, signifying an early spring (CBS)
  • Front-Runners Give Ground as Rivals Make Mark in Iowa (WSJ)
  • Republican Cruz bests Trump in Iowa race, Clinton edges out Sanders (Reuters)
  • Iowa Narrows the Field (BBG)
  • Global stocks snap winning streak as oil pressure returns (Reuters)
  • ‘Dark Pool’ Settlements Bring Tangled Relationships to Light (WSJ)

Frontrunning: January 27

  • Global stocks, dollar struggle ahead of Fed as oil falters (Reuters)
  • Bond Bulls Bank on Fed Mention of Market Chaos as Drag on Growth (BBG)
  • Fees on Mutual Funds and ETFs Tumble Toward Zero (WSJ)
  • China Climbs Back Up Janet Yellen's Worry List (BBG)
  • The World’s Favorite New Tax Haven Is the United States (BBG)
  • New Jersey Gov. Christie backs Atlantic City takeover plan (Reuters)