Raymond James

Frontrunning: September 18

  • Caribbean Braces for Another Hurricane: Maria (WSJ)
  • Trump, Haley to share spotlight at U.N. gathering (Reuters)
  • UN ‘Club’ Trump Derided Forges Unexpected Alliance on Key Issues (BBG)
  • ‘We’ve Been Breached’: Inside the Equifax Hack (WSJ)
  • World stocks reach new peak as Fed-focused week begins (Reuters)

Production, Rig Count Surge As Exxon Bets Big On U.S. Shale

US oil rig counts rose for the 7th straight week (up 7 to 609) to the highest level since October 2015. And production looks set to rise further as Exxon will now ramp up spending on shale drilling, after watching dozens of smaller companies profit from the surge in production in Texas, North Dakota and elsewhere over the past decade.

Frontrunning: February 27

  • Epic Oscars Mistake: Faye Dunaway, Warren Beatty Announce Wrong Best Picture Winner (Variety)
  • Oscar host Jimmy Kimmel turns Trump into recurrent punch line (Reuters)
  • After Mix-Up, Hollywood Searches for an Explanation (WSJ)
  • Trillions at Risk When Trump Speaks to Congress (BBG)
  • Bond Market Is Flashing Warning Signal on Trump Reflation Trade (WSJ)
  • Mexico Warns U.S. It'll Cut Off Nafta Talks If Tariffs Proposed (BBG)

Wall Street Analysts Are Slowly Losing It

"I can’t justify any of this. The lesson investors are getting is that everything is a buying opportunity and you need to not miss the boat. Brexit? Bullish. Trump winning the election? Bullish. Italy saying no to the referendum and the Prime Minister handing in his resignation? Bullish. Heck, all we need is the entire Belgian banking system to go kablooey and the S&P 500 will be at 3,000 by Christmas Eve."

AT&T Purchase Of Time Warner Greeted By Skepticism On Wall Street, Scrutiny In Congress

15 years after it was part of one historic merger, Time Warner is getting bought again, and while the current deal is roughly half the size of AOL's historic $164 billion acquisition of Time Warner in 2000 it's still a big enough deal that it's drawing attention on the campaign trail from both candidates, and to generate millions in revenues for Wall Street banks eager to sell the $40 billion in debt needed to fund the deal.