Trump Memo Reveals Plans For Massive Shake-Up At Energy Department

Hinting at a broad shake-up at the Energy Department, Trump's team has submitted a list of 65 questions requesting information on everything from how to keep aging nuclear plants online to a list of employees and contractors that attended the United Nations climate meetings

Company Issues Press Release To Report Its Market Cap Hits $1 Billion

"Customers Bancorp, Inc. the parent company of Customers Bank, today reported that the Company achieved a market capitalization of $1 billion on December 6, 2016. "Reaching a market capitalization of $1 billion is an important milestone for us," said Jay Sidhu, Chairman and CEO of Customers."

Earnings 'Magic' Exposed

At best one can accuse Wall Street analysts and the companies that feed them information of incompetence. At worst this is another pure and simple case of institutions gaming the system through a fraud designed to prop up stock prices.

Dutch Police Arrest Terror Suspect With Loaded AK-47 And ISIS Flag

Just hour after anti-Islam Dutch politician Geert Wilders was convicted of insulting and incting discrimination against Maroccans, moments ago the local police announced they have arrested a man in Rotterdam, suspected of planning a terrorist attack. Law enforcement found a Kalashnikov assault rifle and an Islamic State flag while raiding the man’s house.

GDP Hope Fades As Wholesale Inventories Tumble Most In 8 Months

For the 3rd month in a row , wholesale inventories dropped year-over-year (tumbling 0.4% MoM in October, the most since February) casting modest shadows on the Q4 GDP hope. Sales surged however, jumping 1.4% in October (double the 0.7% increase expected). Overall this reduced the critical inventories-to-sales ratio but it remains at notable cyclical highs.

Breaking The Correlation Curse

The “Curse of Correlation” may have finally met its match. The President-Elect’s proposed policies break so completely with the last 8 post-Crisis years that investors are re-evaluating everything from the trajectory of long term interest rates to which sectors stand to benefit the most under a Trump presidency.

 

Frontrunning: December 9

  • Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)
  • Syrian government forces press attack in east Aleppo (Reuters)
  • Trump: China Will Have to ‘Play by the Rules’ (BBG)
  • Trump’s Cabinet Picks Signal Coming Deregulation Moves (WSJ)
  • Russia’s Military Buildup on the Baltic to Test Trump on NATO (WSJ)
  • OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (BBG)