There no longer seems to be a rational alignment between economic cost and value. This means questioning so-called conventional wisdom and critically considering whether or not to invest in stocks, own property, or even to go to college.
"DOS is soon releasing another round of documents and email traffic (not hers) in response to Judicial Watch’s FOIA request on DOS's process for reviewing WJC’s speaking engagements. No objections by DOS in this batch, but some lengthy internal discussions among DOS officials that I highlighted below"...
And curious group of markets - India, Indonesia, The Philippines and Vietnam - have been identified as the best investing opportunities by a group of leading Asia macro strategists, who think that Asia and the emerging markets will considerably outperform the developed world.
With China on holiday, overnight sessions remain relatively quiet: at this moment, S&P500 futures are little changed as European stocks fall for first day in seven, on yesterday's concern that the ECB is moving toward tightening monetary policy; Asian indices rose slightly for third day. WTI climbs to $49.40, the highest since June 30 after yesterday's surprisingly large API crude draw report.
With China, German and South Korea closed for holiday, it has been a relatively quiet day in overnight equity trading, especially in the one stock everyone is keeping a close eye on, Deutsche Bank, whose ADRs are trading fractionally lower, down under 1% in premarket trading. Cable plunged on "Hard Brexit" fears sending the FTSE100 to fresh 16 month highs.
Trickle-down Trump’s largesse to the rich along with his mirage of spending cuts paint a gold-plated trump o'well finish on America’s decline: No plan to reform or replace the Fed. No breaking up banks too big to fail. Puts Goldman-Sachs in charge of the Treasury. The establishment has already given Trump a comb-over they can live with.