Apple

The Blind Leading The Clueless

"The fact that solutions never seem to arrive seems to be less relevant than the fact that a new solution is underway. In this manner, the viewer, no matter how badly his life is being affected, continues to sit tight and be hopeful, for, surely, better days are just around the corner. Incredibly, the average viewer seems to be able to consume endless quantities of this propaganda, year after year, and never say to himself, 'Something’s radically wrong here'."

Michael Moore: 5 Reasons Why Trump Will Win

"I am sorry to be the bearer of bad news, but I gave it to you straight last summer when I told you that Donald Trump would be the Republican nominee for president. And now I have even more awful, depressing news for you: Donald J. Trump is going to win in November. This wretched, ignorant, dangerous part-time clown and full time sociopath is going to be our next president. Here's why..."

Key Events And Earnings In The Coming Week

The key economic releases this week include consumer confidence on Tuesday, the durable goods report on Wednesday, and the advance release of 2nd quarter GDP on Friday. The July FOMC statement will be released on Wednesday at 2PM. There are several scheduled speeches from Fed officials this week. 197 S&P 500 companies are due to report (or 38% of the index market cap) with the notable names including Apple, Verizon, Facebook, Coca-Cola, Alphabet, Exxon Mobil and Chevron.

US Futures Unchanged As Europe Stocks Rise; Strong Dollar Pressures Oil

There has been little notable market moves overnight, with the record rally in the S&P500 set to continue and European stocks climbing as German IFO business confidence proved more resilient than economists predicted in the month after Britain voted to leave the European Union, falling less than expected from 108.7 to 108.3, above the 107.5 consensus, with expectations printing at 102.2 above the 101.2 expected. Bonds fell with gold as the dollar gained before central bank meetings in the U.S. and Japan this week.

"It's Not Panicking If You're First" - China Devaluation Is Closer Than Anyone Thinks

People are assuming there’s only one way to fight a war today of global proportions. We're not in that camp. We believe it will come monetarily – not military. At least at first. For once it takes place all bets are off as to what happens next. The obvious first mover advantage for China (and all its current allies) would be to use the rhetoric coming out of the current U.S. political arena, along with current, as well as proposed monetary policies via the Fed, ECB, and Japan.

US Futures Rebound Despite Global Stock Weakness As USDJPY Ramps HIgher

After breaking a multi-year stretch of 9 daily record highs in the Dow Jones, overnight global markets saw some early weakness with Asian stocks retreating after BOJ chief Kuroda dashed hopes for so-called helicopter money, triggering yen’s steepest rally in a month and pulling the Nikkei lower by 1.1%. This however did not last long, and around the European open the traditional ramp in the USDJPY helped European equities shrug off early downside, while US equity futures have already recovered half of yesterday's losses.

US Futures Rebound Sharply From Friday's Coup Fears, Focus Shifts To M&A

Having panciked briefly on Friday night on news of a Turkish coup, which has since not only failed but been cast away as speculation rises that it was staged and designed to give Erdogan even more authoritarian power, markets have moved on and are now focusing on the main overnight event which was the surprising $32 billion bid by Japan's SoftBank for U.K.’s semiconductor giant ARM which has sent comparable semis higher in European trading and pushing the Stoxx Europe 600 Index up by 0.6%, after surging 3.2% last week. After sliding sharply on Friday, US equity futures are up 0.1% in early trading.

US Futures, Global Markets Storm Higher As More Details Emerge About Japan's "Helicopter Money"

The global meltup continues with the S&P set to open at new all time highs, some 20 points higher from yesterday's close, however the driver for the latest rally is not so much the imminent BOE announcement which is expected to cut rates by 25 bps from 0.50%, but a dramatic surge in the USDJPY just after 1am Eastern when Bloomberg revealed more details about Ben Bernanke's masterplan for Japan's helicopter money.

Elon Musk Is The Face Of This Bubbling Stock Market (But Maybe Not For Long)

Simply put, Musk is supporting the system’s determination to strip people of various forms of self-reliance. It’s one thing for government agencies to promote “clean” energy. Many are immediately suspicious. But Musk’s overriding talent is to make federal authoritarianism seem positively sexy. He is the rock star of alternative energy... "Elon Musk is an obvious fraud. Something that all of his companies rely upon is continued gub’mint cheese. Without the largesse of the state, his entire empire would have already collapsed."

Why Some Republicans "Would Rather Attend The Hanging Of A Good Friend" Than Go To The Cleveland Convention

At a time when many Republicans are deeply dissatisfied with their nominee, pessimistic about their prospects for victory in the fall and alarmed about the direction of their party, there’s a reluctance about attending the convention more typically reserved for going to the DMV, being summoned for jury duty or undergoing a root canal. "I would rather attend the public hanging of a good friend", says Will Ritter, an up-and-coming Republican digital strategist who worked on the three previous conventions.