With the threat of a potential 'black swan' event with a Trump Victory, The Elite have pulled out their "Ace in the Hole" - Russia. Russia is the most feared and misunderstood of all US artificial villians (even more than Islamic Terrorists).
European stocks and Asian shares rose, U.S. equity futures were unchanged and the yen surged after the BOJ shocked markets and kept its QE program unchanged, defying market expectations of a big boost to its monetary stimulus program.
The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.
When it comes to AAPL, the company is truly in a class of its own. And while in the past it helped propel the S&P500 profitability almost singlehandedly (it was responsible for 7% of total S&P earnings in 2015), this has reverse, and now AAPL is set to be the single biggest detractor from S&P growth. Here is what to look for and what Wall Street expects when AAPL reports earnings at 1:30pm Pacific today...
“We all see the things that only plague women leaders, like articles that focus on their appearance, like Hillary Clinton sporting a new pantsuit. I think all women are aware of that, but I had hoped in 2015 and 2016 that I would see fewer articles like that. It’s a shame” Marissa Mayer decried to the Financial Times.
According to The Paper, major internet portals in China including Sina, Sohu, Netease and Ifeng.com have shut down some of their original reporting operations after receiving “harsh criticism” from country’s top industry regulator. As Bloomberg adds, the Cyberspace Administration of China has cited portals for violating China’s internet regulations by carrying plenty of news content obtained through original reporting.
The avg. U.S. iOS user is spending over 33 minutes playing Pokémon GO each day. This places PG ahead of apps such as Facebook, Snapchat, Twitter, and Instagram. Although we believe that PG is adding some incremental time to total smartphone time, we think it would be wrong to assume that the app’s success is not coming at the expense of other players.... , YouTube and TWTR are seeing the largest decreases in avg. time spent per day.