Saudi Arabia

Trump Returns, Unleashes Tweetstorm

"Whenever you see the words 'sources say' in the fake news media, and they don't mention names it is very possible that those sources don't exist but are made up by fake news writers. #FakeNews is the enemy!"

Iran's Shockingly Honest Reaction To Trump's Visit To Saudi Arabia

"We have seen it all before. The Saudis are spending billions on arms which they don’t have the capacity to absorb...The Shah, too, spent billions of dollars buying arms from America, he too had capacity problems. We had 65,000 Americans in Iran, most of them in the armed forces. But then came the revolution and the weapons were used against him and his regime."

Why Bother?

"The best strategy for dealing with crazies is to keep your distance."

Frontrunning: May 26

  • Trump's first G7 expected to be 'challenging' (Reuters); Trump Saves Worst for Last on Foreign Trip (BBG)
  • Trump Blasts German Carmakers' U.S. Sales and Threatens Barriers (BBG)
  • Trump directly scolds NATO allies, says they owe 'massive' sums (Reuters)
  • Trump Likely to Maintain Obama’s Russia Sanctions (WSJ)
  • Juncker says Trump was not aggressive on German trade surplus (Reuters)

Global Rally Fizzles After "OPEC Shock" In "Slow Risk-Off Session"

S&P futures were fractionally lower from yesterday's record high as European stocks declined and Asian stocks were mixed, pressured by yesterday's 5% plunge in crude after OPEC unexpectedly "failed to surprise" markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions.

The 5 Possible Outcomes Of The OPEC Meeting

Even as a consensus has formed on one particular outcome, here are several possible “surprise scenarios” that could come out of the OPEC meeting this week...