Global markets begin the last full week of trading of the year in subdued fashion, with U.S. equity futures rising 0.1%, to 2,258.5, European shares decline, halting two straight weeks of gains, and Asian shares hitting a four-week low.
"There are strong grounds to fade this current rally... I believe that moving against the herd mentality, will likely bear fruit in what is probably going to be an even more intense roller coaster ride than what we witnessed in 2016." - David Rosenberg
From Donald Trump’s unorthodox but successful campaign for President to the Brexit vote, popular votes shifted the course of global politics in ways very few could have imagined a year ago. Here is a brief quiz that highlights the year’s politics, developments in technology, and changes in the U.S. labor market/economic policy.
Twitter was told it was "bounced" from Wednesday's meeting between tech executives and President-elect Donald Trump in retribution for refusing during the campaign to allow an emoji version of the hashtag #CrookedHillary, according to a Politico report.
While it will hardly generate as much excitement as Kanye West's unexpected arrival at the Trump Tower, moments ago Jeff Bezos, owner of Amazon and the Washington Post, a man many consider Trump's nemesis based on their "colored" past and Bezos' recent statement that Trump is 'eroding our democracy aroun the edges', arrived at Trump's 5th Avenue headquarters.
Update: *TESLA'S ELON MUSK SAID TO PLAN TO ATTEND TRUMP'S TECH MEETING
Despite the public spat between Amazon boss (and Washington Post owner) Jeff Bezos and the president-elect, the tech heavyweight has agreed to attend Trump's meeting of tech-industry executives this week. The roundtable is a who's who of anti-Trumpers including Apple's Tim Cook and Google's Eric Schmidt but there is one notable absence: Tesla's Elon Musk is unable to attend because he is too busy with work.
Defying consensus, JPM found retail spending activity trends "worsened post the election contrary to stock market moves and color from some management teams" when analyzing satellite image car counts at parking lots. It finds that this is "interesting as it is counter to prevailing thought."