New Normal

Meet The Man Behind The Market's Relentless Ramp

In an ironic twist of fate, it appears the catalyst for many of the biggest and most incomprehensible market ramps of the last few years is a fund called "Catalyst." With around $4 billion under management (before the latest collapse), the levered options fund is run by Edward Walczak who "uses options to create a better risk/return profile."

Trump & Yellen's Collision Course

Although the stock market is giddy from President Trump’s pro-growth policies, there is another constituent not quite so enamored with recent developments...the more Trump pushes on the fiscal accelerator, the harder the Fed will lean on the brake.

Mainstream Media Meltdown: 'Journalists' Seek 'Safe Space' To Discuss "How To Cover Trump"

After the president-elect's first press conference since the election this week, it appears the mainstream media is in need of a 'safe space'. As The Hill reports, so-called journalists from the Huffington Post, Slate, CNN, and Univision will gather days before Donald Trump’s inauguration to publicly discuss "how the news media can and should proceed to cover" the president-elect.

For Bill Gross, This Is The Only Thing That Matters For The Market Right Now

"This is my only forecast for the 10-year in 2017. If 2.60% is broken on the upside – if yields move higher than 2.60% – a secular bear bond market has begun. Watch the 2.6% level. Much more important than Dow 20,000. Much more important than $60-a-barrel oil. Much more important that the Dollar/Euro parity at 1.00. It is the key to interest rate levels and perhaps stock price levels in 2017." - Bill Gross

The False Economic Recovery Narrative Will Die In 2017

The false recovery narrative will indeed die in 2017, and it will be because the globalists WANT it to die while nationalists are at the helm. This is perhaps the biggest con game in recent history; with conservatives as the fall guy and the rest of the public as the gullible mark.

2016 Greatest Hits: Presenting The Most Popular Articles Of The Past Year

The eighth anniversary of Zero Hedge is just around the corner, and so, for the eighth year in a row we continue our tradition of summarizing what our readers found to be the most relevant, exciting, and actionable news of the year. We bring you the articles that you, dear reader, found to be the most interesting in the past 365 days.

The New Normal 'Safety Net': Surging Disability Benefits Claims

If you’ve paid into Social Security, become injured or sick, and can no longer earn more than $1,130 a month, you can get a monthly subsidy from the Disability Insurance Trust Fund. As Bloomberg notes, in 1990 fewer than 2.5% of working-age Americans were "on the check;" by 2015 the number stood at 5.2%, with geographical "disability belts" appearing across America.

The Santa Claus Rally Has Started: A Quick Primer On What To Expect

Since 1928, the S&P 500 has averaged a 1.7% gain and traded higher 77% (68 out of 88 years) of the time through this seven-day period, vs. a 0.2% average gain and a 56% success rate during any seven-day period. This year’s “Santa Clock” started December 23rd and ends January 4th.

The Bank of Japan Was The Top Buyer Of Japanese Stocks In 2016

The Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year. According to data through Thursday, the value of the BOJ's ETF purchases this year has topped 4.3 trillion yen, up 40% from 2015. As a result, the BOJ "will become the largest buyer of ETFs this year," according to Mizuho Securities.

4 Dead, Many Injured After Minibus "Drove Into" Beijing Market

Four people are dead and many more injured after a minibus drive into a market in the northern region of Beijing. While China's traffic safety record is not exactly stellar, with many on edge following the Berlin attack, this event is noteworthy as China has faced a threat from Islamist militants operating in its far western region of Xinjiang who have been blamed for a series of attacks in recent years.