"It’s been kind of worst-case scenario for the bulls... Mother nature continues to be bearish, ultra-bearish... The utter lack of (heating) demand is, in my opinion, 99.9 percent of the natural-gas story."
Despite desperate attempts to jawbone March rate-hike-odds higher, because as Master said last night "we don't want to surprise the markets", Fed Funds Futures imply just a 36% chance (down from a week ago). That suggests, if The Fed is serious about March, that today's minutes must be spun towards that narrative. Here are the five key areas to watch for...
What started off in familiar fashion, with Asian stocks rising, and Europe hitting multi-month highs and US futures in record territory has stumbled in recent minutes following a continued rush for safety in short-dated German Bunds (the 2Y is now trading at -0.92%) and ongoing selling in the USDJPY, which has pushed Stoxx 600 back to unchanged, and S&P futures to modestly red for the session.
"Trust us," they say. "We’ll help you navigate Facebook and filter out the fake news stories,” they promise.But just who are these self-appointed gatekeepers who claim to be the ultimate arbiters of what is or is not “fake news”?
Chilling closed-circuit security footage has emerged of the killing of Kim Jong Nam last week, showing two attackers took less than three seconds to carry out the assault on the half-brother of North Korean dictator Kim Jong Un.
Amid judicial blockages, and rogue border agents, it appears the Trump administration is still trying its best to follow through on its campaign promises to crackdown on illegal immigration. As Reuters reports, The Department of Homeland Security has prepared new guidance for immigration agents aimed at speeding up deportations by denying asylum claims earlier in the process.
"The media is willing to run with unnamed sources, apparently false, leaked documents to create stories. I think that the media should stop with this unnamed source stuff, put names on a piece of paper and print it. If people aren't willing to put their name next to a quote, then the quote shouldn't be listed" Trump's Chief of Staff told CBS' Face the Nation in the latest heated exchange between the Trump administration and the "enemy press."