Private Equity

Frontrunning: June 20

  • Central bank caution beefs up stock gains (Reuters)
  • Pound Drops as BOE's Carney Says Not Yet Time to Raise Rates (BBG)
  • Oil Just Hit Its Lowest Level of the Year (BBG)
  • Britain charges Barclays, ex-bosses over 'unlawful' Qatari deal (Reuters)
  • Senate GOP Sets Ambitious Deadline on Health-Care Vote (WSJ)

Frontrunning: June 16

  • Russia may have killed ISIS leader Baghdadi (Reuters)
  • About 4,000 more US troops to go to Afghanistan (AP)
  • Insurers Look to Ramp Up Premiums in Health Law Exchanges (WSJ)
  • U.N. envoy urges North Korea to explain why freed U.S. man is in coma (Reuters)
  • Wal-Mart Offers a Refuge for Sellers Tired of Amazon  (BBG)

Frontrunning: June 14

  • Federal Reserve Expected to Deliver Rate Increase (WSJ)
  • Fire engulfs London tower block, at least six dead, more than 50 injured (Reuters)
  • Children lost, baby thrown to safety (Reuters)
  • Democrats Accuse Sessions of ‘Stonewalling’ (BBG)
  • World stocks march on as Fed rate hike looms, dollar steady (Reuters)

The Disturbing Trend That Will End In A Full-Fledged Pension Crisis

"Right now, millions of Americans are hard at work believing their pensions will be their saving grace for retirement. But the predicament pension funds across the United States find themselves in does not just spell trouble for the distant future... The crisis is happening as we speak."

Bill Gross: "All Markets Are Increasingly At Risk"

"You have the potential for low asset returns in which the now successful strategy of “making money with money” is seriously threatened. How soon this takes place is of course the investor’s dilemma, and the policymakers’ conundrum. But don’t be mesmerized by the blue skies created by central bank QE and near perpetually low interest rates. All markets are increasingly at risk."

Frontrunning: June 13

  • The Snowballing Power of the VIX, Wall Street’s Fear Index (WSJ)
  • Beneath the Uneasy Peace Between Donald Trump and Janet Yellen (WSJ)
  • Senators to Query Sessions on Russia, Comey (BBG)
  • U.S. lawmakers to probe Tillerson on Russia, diplomacy budget cuts (Reuters)
  • Under pressure to soften Brexit, PM May to meet Northern Irish 'kingmakers' (Reuters)

"Tech Wreck" Goes Global Dragging Worldwide Markets Lower; Cable, USDJPY Slide

Following Friday's "tech wreck" European equity markets have opened lower, with the Stoxx 600 sliding back under the 50DMA for the first time since December, mirroring Asian markets as Friday’s "FAAMG" volatility in U.S. markets spreads globally. European banks lag as the Spanish regulator stepped in to prevent another bank collapse, this time of LiberBank which we profiled yesterday, by banning short-selling in the regional commercial bank to mitigate Popular-related contagion.

Frontrunning: June 6

  • Kuwait’s Emir Moves to Mediate Saudi-Qatar Crisis (BBG)
  • Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals (Reuters)
  • Qatar's dispute with Arab states puts LNG market on edge (Reuters)
  • Trump seeks legislative wins as clock ticks, Russia probe looms (Reuters)
  • Democrats aim to turn anti-Trump sentiment into votes in Virginia (Reuters)

One Belt, One Road, And One Debt Hangover

"In the end, China is attempting to create a geopolitical sphere of influence of even greater scope than the Japanese Empire prior to World War II. As with its other policies, China will turn liquid assets into illiquid assets in order to pursue its ambitions. This could make sense if nothing goes wrong. But, things will go wrong."

Frontrunning: June 1

  • Trump Expected to Withdraw From Climate Deal Today (WSJ)
  • Saudi-Russia detente heralds new oil order (Reuters)
  • Uber Posts $708 Million Loss as Finance Head Leaves (WSJ)
  • Fearing Trump's next move, liberals urge Supreme Court conservative Kennedy to stay (Reuters)
  • Trump, after House panel subpoenas, backs efforts to probe Obama administration (Reuters)
  • Trump ‘Self-Help’ Infrastructure Plan Irks State, Local Leaders (BBG)