For all those who are looking for someone - or someones - to blame for today's selloff, which is shaping up as the worst of 2017, here is the list of 26 Republican house members who are jeopardizing Trump's entire domestic agenda. As a reminder, the GOP can only afford to lose 21.
"...a 'review team' is subjectively deciding which content it will censor. What happened to the programmers and objectively censoring 'trolls' and abuse? The whole thing is much more similar to McCarthyism, except instead of targeting 'communists' during the Cold War, they are targeting 'right-wing' websites and individuals. Truly a threat to 'national security' in the same vein as ISIS, isn’t it?"
Are retail investors buttressing US stocks at current (and elevated) levels? A variety of indicators say "Yes". Our primary concern: fund flows can be quite seasonal, with Q1-to-early Q2 a peak period due to retirement account flows. After mid-April, this diminishes considerably. Then, we will need a reliable stream of positive headlines to keep retail investors in the game.
European stocks are modestly in the green as gains in banks and oil companies offset declines in miners. Asian stocks and S&P futures rise with Emerging-market stocks extending their longest winning streak since August on the back of the 5th consecutive daily drop in the USD. The euro rose to the strongest in six weeks after a French presidential debate eased market concerns about a possible Le Pen win.
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculative positioning already at record lows, many are asking "why would a long-term trader sell the pound now?"
Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.
Europe’s “masquerade ball” is over, Erdogan said at yet another demonstration in Istanbul on Sunday, where he slammed Merkel accusing her of engaging in "Nazi practices", and then shocked his audience when he said “if [Europeans] weren’t ashamed, they would revive the gas chambers."
"Anyone buying stocks based on confidence that the Fed has their back notwithstanding Wednesday’s action surely deserves the pounding just ahead. What Yellen had to say doesn’t even reach the status of babbling; it was flaming incoherence..."
Gold constantly and universally awarded as top prize. Humanity recognises it as valuable and rare. Awarded to our heroes as early as 408 BC. If gambling, better to take a ‘punt’ on gold than the horses...
"Whenever it feels really difficult and challenging to put money at work, ultimately those are often the better investments. That sense of skepticism, that wall of worry, which is still there, to me is not a discouragement."
“Based on the information available to us, we see no indications that Trump Tower was the subject of surveillance by any element of the United States government either before or after Election Day 2016,” Burr said, providing no other details.