"In the Kingdom of Denmark, women seem to get the royal treatment"...
Following the Fed's disappointing "dovish, but not dovish enough" statement which effectively admitted Yellen had committed policy error by hiking just as the US economy "was slowing down" which in turn lowered the odds of a March rate hike to just 18%, it was up to oil to pick up the correlation torch, and so it did, rising in an otherwise mixed session which has seen European stocks slide on continued weakness surrounding Italian banks, many of which have been halted limit down, while Asia was treading water following news of the resignation of Japan’s "Abenomics" minister Akira Amari to over a graft scandal, and yet another day of Chinese stock dropping.
- 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)
"Gangs" Of "All-Male" Moroccan Migrant Children “Take Over” Stockholm Train Station; Steal, Grope, Beat WomenSubmitted by Tyler Durden on 01/26/2016 00:30 -0400
"Stockholm police estimate that at least 200 Moroccan street children move in the area around the main train station in the centre of the capital, sleeping rough, and living off criminal activity. They grope girls between their legs, and slap them in the face when they protest. All police officers are aware of this."
- Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls (BBG)
- Saudi Arabia is able to withstand low prices says Saudi Aramco Chairman (WSJ)
- Recession Warnings May Not Come to Pass (WSJ)... or they May
- Stocks moving in tandem are squeezing short sellers (FT)... as first noted here in 2013
- Problems Found at Theranos Lab (WSJ)
- New York rebounds after blizzard, Washington shuts down government (Reuters)
- China business confidence, recruitment hit record lows in January - SMI survey (Reuters)
After the biggest two-day surge in oil in seven years, early in the overnight session both Brent and WTI continued their run for a third day, entering a bull market, 20% up from recent lows hit just last week (still 15% down on the year) when Saudi Arabia spoiled the momentum party after the world’s biggest crude exporter said it’s keeping up investments in energy projects while diesel consumption in China dropped for a fourth consecutive month, signaling an industrial slowdown. And thanks to the near record correlation between equities and oil, global stocks and US equity index futures initially rose only to slide following the Saudi comments.
"Bowels Emptied! Women Molested!" German Media Reveals "Monstrous" CCTV Footage Of Refugee Pool MayhemSubmitted by Tyler Durden on 01/25/2016 00:50 -0400
Despite the best efforts of European cartoonists, some refugees apparently didn’t get the message about proper pool behavior because according to “reports,” some asylum seekers were caught on closed circuit TV doing some rather lewd things at the Johannisbad baths in Zwickau.
"Russia has approximately 12-18 months left at the current oil price before the country reaches a point of no return..."
- Stocks, oil soar as Draghi the dove tames global bears (Reuters)
- Massive snowstorm poised to wallop U.S. East Coast (Reuters)
- Oil Rises in Biggest Rally Since August Amid Volatility Surge (BBG)
- Nikkei spikes more than 900 points after rebounds overseas (Japan Times)
- China's Working-Age Population Sees Biggest-Ever Decline (WSJ)
- Oil Is `Trade of the Year' for Citigroup After Iran Export Surge (BBG)
- U.S. Payment of $1.7 Billion to Iran Raises Questions of Ransom (WSJ)
"There is hope of more stimulus in March and potential for even more stimulus in Japan and China, so if we get concrete positive economic news the rebound could last into next week,” said John Plassard, senior equity- sales trader at Mirabaud Securities. “I told my clients to fasten their seatbelts and wait for better news, and this is finally happening."... "The turnaround in sentiment came amid signs central banks may be prepared to act after $7.8 trillion was erased from the value of global equities this year on China’s slowdown and oil’s crash."
“If liberty means anything at all, it means the right to tell people what they do not want to hear.”? George Orwell
Just before the US equity market topped out last August, none other than infamous stock-chart-extrapolator Laszlo Birinyi ventured on to CNBC and proclaimed that the S&P 500 will hit 3,200 by the end of 2017. Since the soprano uttered that extreme, US equity markets have collapsed not just once, but twice and now trade at levels first seen over two years ago...
But Search Engine Results May Not Be Totally Objective ...