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)

In "Warning To Pyongyang", B-1B Bombers, F-35s Hold Mock Bombing Drills

US B-1B tactical bombers, together with F-35B stealth fighters as well as four South Korean F-15K conducted a joint military exercise in response to Pyongyang’s recent moves. Meanwhile, China and Russia began naval drills off the Russian far eastern port of Vladivostok, not far from the Russia-North Korea border.

 

Global Stocks Storm To New Record High Ahead Of Historic Fed Announcement

Last week's bullish sentiment that sent the S&P not only to a new all time highs, but a burst of last-second buying pushed above 2,500 for the first time ever, has carried through to the new week, with European and Asian shares rallying across the board, US futures again the green, and world stocks hitting a new record high on Monday ahead of a historic Fed meeting.

"Starts With A Whimper, Ends With A Bang": Trader Previews Fed's Balance Sheet Reduction

"The whole set-up is reminiscent of the 2000 millennium bug anxieties. For all the dire warnings of IT Armageddon, the change came and went without much fuss, but the dot-com bubble that we all knew had become massively overblown did eventually pop. And the fact that it burst later rather than on cue made the collapse all the more spectacular."

Is Google Coming For Your Cryptos

The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers.  This is a double-edged sword and possibly indicates a shift in tax policy.

"Lies, Lies, & OMFG More Lies!"

"The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane and intolerable..."