headlines

headlines

Oil Slides: OPEC "Deal" Suddenly In Jeopardy

Oil tumbled to intrday lows on the latest batch of headlines according to which the OPEC Vienna "deal" is now suddenly in jeopardy when Bloomberg reported that the OPEC committee is said to defer the issue of Iran and Iraq - the second and third largest producers in OPEC - to the November 30 meeting altogether.

Donald Trump And The Return Of European Anti-Americanism

European criticism of Trump goes far beyond a simple displeasure with the man who will be the next president. The condemnation reveals a deep-seated contempt for the United States, and for American voters who democratically elected a candidate committed to restoring American economic and military strength. European anti-Americanism is certain to escalate in the years ahead, not because of Trump or his policies, but because "globalists" appear desperate to save the failing European Union

S&P Set To Open At All Time High, Boosted By Rising Crude On More "OPEC Deal Optimism"

European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated, with the global risk on mood spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled optimism that OPEC will agree a supply-cut deal next week in Vienna. S&P futures are up 0.3%, with the cash index set to open at new record highs.

Key Events In The Coming Thanksgiving-Shortened Week

The key economic releases this week in the Thanksgiving-shortened week are the durable goods report and new home sales on Wednesday. There are several scheduled speaking engagements from Fed officials this week. Minutes from the November FOMC meeting will be released on Wednesday.

Goldman Now Expects OPEC To Reach Production Cut Deal, Raises Q1, Q2 Oil Price Forecast; Cuts Q3, Q4

"Our base case is now that an OPEC production cut will be announced and implemented with OPEC production at 33.0 mb/d in 1H17 and a Russia freeze at 11.6 mb/d. As we have flagged previously, this leads us to reverse the direction of our 2017 oil price path: normalizing inventory levels will generate backwardation by 2Q17 and leads us to raise our 1Q and 2Q17 WTI price forecasts to $55/bbl from $45/bbl and $50/bbl previously."

Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

The Coming Financial Backlash For Silicon Valley And Much, Much More

Silicon Valley has a problem, a very big problem. And it’s not rooted in just the geographic location. Everything (and I do mean everything) that was once assumed “a given” or, “totally worth it” or, the more memorable “it’s different this time” rationales as it pertained to startups, social media, valuations, user metrics, IPOs, unicorns, etc., etc. is about to be piled onto the ever burgeoning trash-bin of history...

Fear And Loathing Inside The Deep State

Everyone in the Deep State is threatened by the Trump Presidency. The Deep State understands that power, funding, ideological stratagems and domination of government, media, academia, think tanks and NGOs are in the ‘field of fight’. Drain the Swamp pertains to more than getting the corruption out of the system.