Michigan

"Super Saturday" Surprise: Bernie Bests Hillary, Ted Ties Trump

It was a primary "Super Saturday" of surprises for the presidential candidates after Bernie Sanders took two of three contested states in the Democratic race, winning the caucuses of Nebraska and Kansas while in the Republican race Ted Cruz unexpectedly tied with Donald Trump, winning the smaller half of the night's four nominating contests, in Kansas - where Trump had been leading in the polls - and Maine. Nonethelesss Trump is holding onto his lead in the presidential race, one which remains his to lose.

The Donald's Odds Against Hillary

America is crossing into a new era. Trump seems to have caught the wave, while Clinton seems to belong to yesterday. A note of caution: This establishment is not going quietly.

Global Stocks, Oil Continue Streamrolling Shorts On Last Minute Hopes For G-20 Stimulus Announcement

With the conclusion of this weekend's G-20 unknown, and many still expecting a major stimulus, the squeeze will likely continue into the close of trading ahead of the  weekend when nobody will want to be caught short into what may end up being another global coordinated intervention to prop up markets. “With a lot of policy events coming there is a fair chance of more stimulus plans so the markets can squeeze higher,” said Benno Galliker, a trader at Luzerner Kantonalbank AG. "The big reversal shows that there is some expectation building up into those events."

Nationalism And Populism Propel Trump

America is saying, “Goodbye to all that.” For Trump is not only a candidate. He is a messenger from Middle America. And the message he is delivering to the establishment is: We want an end to your policies and we want an end to you. If the elites think they can not only deny Trump the nomination, but turn back this revolution and re-establish themselves in the esteem of the people, they delude themselves. This is hubris of a high order.

Frontrunning: February 22

  • Futures sharply higher as oil extends gains (Reuters)
  • Global Stocks Gain on Rising Commodities Prices, China (WSJ)
  • Pound in freefall as Boris Johnson sparks Brexit fears (Telegraph)
  • Pound Slides Most Since 2009 as Johnson Backs ‘Brexit’ Campaign (BBG)
  • Oil Glut Will Persist Into 2017 as IEA Sees Prices Capped (BBG)
  • Japanese Seeking a Place to Stash Cash Start Snapping Up Safes (WSJ)

South Dakota Is The 'Sleepiest' State In America

Americans are not getting enough sleep, according to a new report from The CDC. More than one-third of adults in the US get less than the 'required' 7 hours sleep per night, leading to greater chance for obesity, high blood pressure and other diseases related to the digestion of food into energy. Interestingly it is the laid-back Hawaiians that get the least sleep, but South Dakota has the highest percentage of those getting seven hours of sleep each night, at 71.6%. Perhaps that is why US productivity is so poor?

Global Stocks Soar On Stimulus Hopes After Miserable Chinese, Japanese Data; Short Squeeze

"The Chinese market didn’t react as bad as we feared and with the weak export data there is some big hope that he central banks will react quite fast," John Plassard, senior equity-sales trader at Mirabaud Securities LLP in Geneva, told Bloomberg. "It’s a mix of hope of intervention from the Asian central bank, short squeeze and also a relief in some energy and banking sectors, the most shorted sectors." And there are your catalysts for today's surge: hope of more central bank intervention and a global short squeeze.

Neil Howe Warns The 'Professional Class' Is Still In Denial Of The Fourth Turning

"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."