SPY

SPY

Soros Makes Gold His Largest Holding As He Cuts Equity Exposure To Lowest Since 2013, Doubles S&P Puts

One of the more closely watched 13F reports yesterday in addition to that of Warren Buffett was that of Soros Fund Management, the family office of George Soros, which revealed that while the 85 year old billionaire was not quite as bearish as his former chief strategist Stanley Druckenmiller, or Carl Icahn for that matter, had turned decidedly sour on overall equity exposure.

Guest Post: The Stunning Parallels Between The United States And Nazi Germany

Most Americans may not like to hear this, but the truth is that modern day America very closely resembles Nazi Germany. Most Americans were raised to deeply love this country; but likewise, most citizens of this nation know that something has gone deeply wrong, and we suggest that just like the Nazis, all of the pageantry and beauty in our society masks an evil which has grown to a level that is almost unspeakable. The truth is that all evil regimes eventually fall, and America is headed for a day of reckoning... And just like Nazi Germany, our end will be exceedingly terrible.

"We Should Be Concerned" - Stock Buybacks Plunge Most Since 2009

After snapping up trillions of dollars of their own stock in a five-year shopping binge that dwarfed every other buyer, U.S. companies from Apple Inc. to IBM Corp. just put on the brakes. Announced repurchases dropped 38 percent to $244 billion in the last four months, the biggest decline since 2009, data compiled by Birinyi Associates and Bloomberg show. “If the only meaningful source of demand in the market is companies buying their own shares back, then what happens if that goes away?” asked Brad McMillan, CIO of Commonwealth “We should be concerned.”

FBI Agents Busted For Planting Hidden Surveillance Microphones In Public Places

"Hidden microphones that are part of a clandestine government surveillance program that has been operating around the Bay Area has been exposed." If Congress wasn’t so busy being corrupt shills for the powerful it might do something to stop this. We're not holding our breath. Time and time again throughout U.S. history, you see the FBI working to undermine the public’s freedom in order to protect whatever racket their status quo masters happen to be running at the time.

American Horror Story: The Shameful Truth About The Government's Secret Experiments

"Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience."

"The US Threatened China's Sovereignty" - China Scrambles Fighter Jets After US Warship Sails Near Disputed Reef

Oovernight the US decided to provoke some more Chinese anger when it sailed the guided missile destroyer the USS William P. Lawrence within 12 nautical miles of Chinese-occupied Fiery Cross Reef.  China promptly scrambled two fighter jets in proximity to the U.S. navy ship, while an additional three warships shadowed the U.S. ship, telling it to leave. "This action by the U.S. side threatened China's sovereignty and security interests, endangered the staff and facilities on the reef, and damaged regional peace and stability," said China's foreign ministry spokesman.

Frontrunning: May 9

  • China stocks plunge again as hopes for economic recovery fade (Reuters)
  • European Stock Gains Defy China Data That Hurt Metals; Oil Rises (BBG)
  • Yen falls after Tokyo warning (Reuters)
  • Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen (BBG)
  • Dollar Jump Catches Traders Short in One More Currency Calamity (BBG)
  • Even China's Party Mouthpiece Is Warning About Debt (BBG)

US Futures, Europe Stocks Jump On Oil, USDJPY Surge; Ignore Poor China Data, Iron Ore Plunge

The overnight session has been one of alternative weakness and strength: it started in China where stocks tumbled 2.8% to a two month low following some unexpected warnings in the official People's Daily newspaper and poor trade data. Concerns about China, however, were promptly forgotten and certainly not enough to keep global assets lower, with European stocks gapping higher at the open and rallying from a one-month low, driven by a "surprising" surge in the USDJPY which has moved nearly 200 pips higher since its post-payrolls low. Another driver is the jump in oil, which rallied just shy of $46 a barrel, buoyed by Canadian wildfires that are curbing production and speculation that the Saudi Arabian oil minister succession will be bullish for oil prices.

Lawmakers To Obama: Don't Supply Syrian Rebels With Stingers

More than two dozen U.S. lawmakers are urging President Barack Obama to refrain from supplying Syrian rebels with American-made shoulder-fired surface-to-air missiles... “While we may have differing perspectives regarding the appropriate US response to the horrific violence in Syria, we agree that MANPADS would only lead to more violence, not only in Syria, but potentially around the world...”

Buchanan: If There's A 2nd Cold War, Did Russia Really Start It?

Putin may top the enemies list of the Beltway establishment, but we should try to see the world from his point of view. Did we not ourselves slap aside the hand of Russian friendship, when proffered, when we chose to embrace our “unipolar moment,” to play the “great game” of empire and seek “benevolent global hegemony”? If there is a second Cold War, did Russia really start it?

Trump's Take On Close Encounters With Russian Fighter Jets: "At A Certain Point You Gotta Shoot"

"I don’t know, at a certain point, you can’t take it,” the businessman continued. “I mean, at a certain point, you have to do something that, you just can’t take that. That is not right. It’s against all, you know, when you talk about Geneva convention, there’s gotta be things that are against it. You can’t do that. That’s called taunting. But it should certainly start with diplomacy and it should start quickly with a phone call to Putin, wouldn’t you think?” "And if that doesn’t work out, I don’t know, you know, at a certain point, when that sucker comes by you, you need to shoot. I mean, you gotta shoot. And it’s a shame. It’s a shame. It’s a total lack of respect for our country and it’s a total lack of respect for Obama. Which as you know, they don’t respect.

British "Spies" Among Thousands Of names Exposed Following Massive Leak At Largest Mid-East Bank

The latest mega data leak which hit the Qatar NationL Bank last week contains hundreds of thousands of records including customer transaction logs, personal identification numbers and credit card data. Additionally, dozens of separate folders consist of information on everything from Al Jazeera journalists to what appears to be the Al-Thani Qatar Royal Family and even contains a slew of records listed as Ministry of Defence, MI6 (the UK foreign intelligence service) and Qatar's State Security Bureau, also known as "Mukhabarat".