Deutsche Bank

For Deutsche Bank, This Is The "Brexit Panic" Signal In Today's Election

Deutsche Bank has advised its sales and trading team to immediately report to their trading desks should Trump wins Pennsylvania and Michigan. So if Trump be is reported to be leading and/or winning the two key battleground states at 8pm, expect all volatility hell to break loose.

Doug Noland Interview: "In The Next Crisis The Fed's Balance Sheet Will Hit $10 Trillion"

“I was very concerned back in 2007. I was very concerned with the consequences of this bubble imploding. I'm much more worried today. In 2007, I wasn't worried about the world. I wasn't worried about geopolitical. And I never want to be part of the lunatic fringe, but if people aren't concerned about geopolitics right now, they're not paying attention"

Frontrunning: November 4

  • Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG)
  • Fears over US election spur investors’ dash for cash (FT)
  • Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG)
  • Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters)
  • Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC)

The October Payrolls Report: What Wall Street Expects

While the October payrolls report, due out at 8:30am on Friday, has taken on a secondary importance in light of the market's near certainty that the Fed will hike rates in December (absent a Trump victory and/or a market crash), analysts and traders will surely be concerned any prominent outlier prints that deviate too far from the consensus estimate of 175K. So, in preview of tomorrow's biggest economic update, here is a snapshot of what Wall Street expects.

Nigel Farage Warns Of Untold "Public Anger" After UK High Court Decision As Deutsche Now Sees 2017 Elections

"I worry that a betrayal may be near at hand. Last night at the Spectator Parliamentary Awards I had a distinct feeling that our political class, who were out in force, do not accept the 23rd of June Referendum result. I fear that every attempt will be made to block or delay the triggering of Article 50. If this is so, they have no idea of the level of public anger they will provoke."

Frontrunning: November 3

  • Cubs Win 1st Series Title Since 1908, Beat Indians in Game 7 (BBG)
  • Trump, Clinton blast each other on character; Clinton rises in poll (Reuters)
  • Trump-effect grips world stocks, dollar (BBG)
  • No Brexit without Parliament approval: High Court (Reuters)
  • With Iraqi troops at Mosul's gate, Baghdadi promises victory (Reuters)
  • China Slowdown Deepens Looming Pension Crisis (WSJ)