Newspaper

Frontrunning: November 16

  • Senate Panel Approves Tax Plan as GOP Leaders Gird for Fight (BBG)
  • U.S. towns, cities fear taxpayer revolt if Republicans kill deduction (Reuters)
  • After House Victory, Tax-Overhaul Fight Now Goes to Senate (WSJ)
  • Analysts flee Wall Street with gallows humor as research changes loom (Reuters)
  • Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig (BBG)

Israel Ready To Share Intel With Saudis "Against Iran" Ahead Of Possible War

This morning one of Israel's largest international news broadcasters broke an explosive yet not entirely surprising story that Israel would take the unprecedented step of sharing intelligence with Saudi Arabia as both countries continue to ramp up efforts to curb what they perceive as Iranian expansion in the region.

Futures Jump, Global Stocks Rebound From Longest Losing Streak Of The Year

After five consecutive daily losses on the MSCI world stock index and seven straight falls in Europe, there was finally a bounce, as investors returned to global equity markets in an optimistic mood on Thursday, sending US futures higher after several days of losses as global stocks rebounded following a Chinese commodity-driven rout. 

North Korea Says Donald Trump "Deserves The Death Penalty"

North Korea’s state-run propaganda machine has seized on Trump’s aborted trip to the DMZ, calling him a “coward” for canceling his visit to the heavily fortified border and saying he deserves the "death penalty" for insulting Kim Jong Un.

GPIF Is About To Bite Back

"In essence, the BoJ engaged in a massive quantitative easing program where they printed bonds to buy stocks (through their public pension plan)... Well, guess what happened this week? The GPIF has now reached their 25% allocation to domestic stocks..."

Federal Prosecutors Are Running Amok

"...when former FBI chief Robert Mueller first was appointed as a special prosecutor to look into the allegations that the Trump campaign conspired with Russia the tilt the election to Trump’s favor, I feared his investigation would turn out to be an assault on the Constitution – and Mueller has done nothing to dispel those fears."