New York Stock Exchange

Frontrunning: December 15

  • Yellen, Trump on the Same Page, for Now (WSJ)
  • Bond Rout Deepens After Fed Move (WSJ)
  • Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop (BBG)
  • Trump’s $6 Billion Cabinet: Mostly Men, Mostly White and Not Much Government Experience (BBG)
  • Trump’s Foreign Partners Expect to Benefit (WSJ)

Trumphoria

As momentum feeds on itself, it appears Trumphoria is in full swing...

Company Issues Press Release To Report Its Market Cap Hits $1 Billion

"Customers Bancorp, Inc. the parent company of Customers Bank, today reported that the Company achieved a market capitalization of $1 billion on December 6, 2016. "Reaching a market capitalization of $1 billion is an important milestone for us," said Jay Sidhu, Chairman and CEO of Customers."

"People Are Mad" - Dave Collum Warns "Existential Change Is In The Air"

Chemistry professor, and infamous market observer Dave Collum, author of the encyclopedic 'Year in Reviews', senses "existential risk in the American Experiment." In an excellent interview with The Cornell Review, Collum opines on everything from 'safe spaces' to 'social unrest' warning "people are now mad, and it shows in the chaotic election. We are guaranteed to elect a president that half the populace finds repugnant...Change is in the air."

Over Half Of Hillary's Private Meetings As Secretary Were With Donors Who Paid $156 Million

At least 85 of 154 people who met or spoke to Clinton at  State, donated to her family charity. Combined, the 85 donors contributed as much as $156 million. At least 40 donated more than $100,000 each, and 20 gave more than $1 million. Separately, she met with representatives of at least 16 foreign governments that donated as much as $170 million.

Head Of "World's Most Bearish Hedge Fund" Explains Why The VIX Is Now Broken

"When nervous investors buy VIX ETFs they actually push down the VIX, and confident investors who are short VIX ETFs encourage it to spike. Given that VIX measures often are used to guide the risk that algorithms can take, this seems very contradictory to me. I would use extreme caution when using the VIX as part of any investment process."