PIMCO Fears "The Coming Financial Volatility"

"...central bankers and bond investors have something in common: both worry that the current period of extremely low volatility is neither sustainable nor desirable...For investors today, the lesson is clear: reducing the scale of risk exposure is the right way forward."

Politics Of The Next 4 Years: Part 1 (Rise Of The "Dirtbag Left")

"A lot of people remain in denial about the current political environment. Whether it’s a neocon Never Trumper, or a manic Hillary dead-ender, what these people all have in common is they firmly and passionately think their world is somehow coming back. They still don’t understand that the party’s over."

Even Schwab Is Warning Retail Clients Of "Danger Signs Rising"

"A solid earnings season should contribute to a continuation of the bull market in stocks. Dangers are lurking, however, and the possibility of a decent-sized pullback has grown over the past couple of months, in light of monetary policy and geopolitical uncertainties. "

Google Slides As Cost-Per-Click Tumbles

while Google's top and bottom line results were both impressive, the reason why the stock was down as much as 3.6% in the after hours appears to be that Google reported paid clicks in Q2 rose by 52%, well above expectations, while cost-per-click declined 23%.

Giuliani Denies He Is Being Considered For Attorney General

Following this morning's Acios report that Trump is considering replacing AG Sessions with Rudy Gioiliani, the former New York City Mayor spoke to CNN, and disputed the report. Giuliani told CNN there is no truth to what Axios reported and added that Sessions "made the right decision under the rules of the Justice Department" to recuse himself from the investigation into Russian election meddling

A Primer On The "Global Sharing Economy" In 20 Charts

It's the $6 trillion opportunity that everyone is talking about and investing in. Here, in 20 charts, is a quick primer on what the "global sharing economy" means for markets, consumers and investors.

Can Financials Lead With A Flattening Yield Curve?

"After the brief steepening episode that occurred between the middle and end of 2016, the yield curve is back to the flattest it’s been all cycle, and flattening still further.  That has, so far in 2017, been an impediment to financial stock relative performance and has kept the group from breaking out of its range-bound trend..."

Watch Live: President Trump Delivers A Statement About Healthcare

Having warned "Republicans have a last chance to do the right thing on Repeal & Replace after years of talking & campaigning on it," in a tweet this morning, building pressure on the GOP after threatening overnight that "if Republicans don't Repeal and Replace the disastrous ObamaCare, the repercussions will be far greater than any of them understand!" President Trump will deliver a statement about healthcare, shortly after meeting with what he calls “victims of Obamacare."

The Death Of Equity Research Hasn't Been Greatly Exaggerated

"I wish I could say the future looks bright for equity research, but few professionals appear to be addressing the miserable under-performance plaguing our industry and so there’s no reason to expect the drain of actively-managed assets to stop..."

"Hunter Harrison Is Out Of Control" - What's Really Going On At CSX?

"Hunter Harrison, what exactly is going on at CSX? I’m hearing lots of voices. They’ve become loud and frequent and as such are nearly impossible to ignore. They’re the voices of railroaders, from the executive to the train and engine service level. They’re former and present CSX employees. They’re people who have worked for you at other railroads. And they’re all saying basically the same thing: That the changes you are making at CSX aren’t the right thing to do, or aren’t working."