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Beware Trump Tweets, And Other Major Catalysts In 2017 According To JPMorgan

In the latest macro update from JPM's Adam Crisafuli, the strategist writes that the Trumpflation rally which more than doubled the market's YTD gains since the Trump election, has gotten ahead of itself and that "it seems like a lot of headwinds that have been accumulating below the surface for weeks are quietly moving to the fore."

Frontrunning: December 28

  • Crude Rally Lifts Commodity Currencies; Bonds Rise: Markets Wrap (BBG)
  • Kerry Plans Middle East Speech as Israel Moves to Ease Tension (BBG)
  • Japan Looks to Smooth Over Past as New Threats Arise (WSJ)
  • Israel backs off East Jerusalem settlements (Reuters)
  • House Flipping Makes Comeback as Home Prices Rise (WSJ)

Judge Jeanine Slams "Hopeless" Michelle: "Americans Rejected You And Everything You Stand For"

"Michelle, you may not realize it, but Americans rejected you and everything you stand for.  They know what hope is.  Hope is when people, 30,000 at a time, stand in line, in the cold, with their children, hoping to get the glimpse of a man they think can change the course of their lives from the downward spiral that you and "Mr. Hope & Change" have put them on."

China's Latest Capital Control: A Crackdown On Macau ATM Cash Withdrawals

Casino stocks have plunged following a report in the South China Morning Post that in China's latest crackdown on capital outflows, Beijing is cutting in half the amount of money account holders of China UnionPay can withdraw from ATMs in Macau, the world’s largest gambling market.

US Home Prices Rise Above July 2006 Levels, Hit New Record High

Almost exactly ten years after the last housing bubble burst, unleashing a dramatic crash in US real estate prices today Case Shiller reported that as of September, its Index covering all nine U.S. census divisions, surpassed the peak set in July 2006 as the housing boom topped out, and in doing so the average home price has now climbed back above the record reached more than a decade ago.

Nevada Judge Tosses Trump's Lawsuit Over Nevada Ballots

Update: after a rather quick hearing, the Nevada judge rejected the Trump legal team's request for a lawsuit over allegedly illegal balloting, saying "I'm not going to issue any order. I'm just not going to do it."

"This Quickly Escalates Into Open Warfare" – Why The Government Is Preparing For Post-Election Chaos

All of this may sound extreme, but this Presidential election has been nothing short of insane thus far. Whatever the outcome, there will be calls of rigging from both sides, especially if it happens to be Hillary Clinton who , as evidence shows, has been rigging things all along. It only took one bullet in 1914 to lead to widespread global confrontation. In the end, no one really cared who fired it or who got shot.