Sears

Weekend Reading: Anticipation

“Stock market bubbles don’t appear out of thin air. They have a basis in reality. But that reality is distorted by misconception..

Frontrunning: January 6

  • December Jobs Data to Wrap Up Obama’s Economic Legacy (WSJ)
  • FBI Says Democrats Refused Access to Hacked E-Mail Servers (BBG)
  • As Trump attacks, Nissan at bigger risk than Toyota (Reuters)
  • Democratic leader Schumer emerges as Trump's newest punching bag (Reuters)
  • PBoC raises renminbi’s daily fix by most since 2005 (FT)
  • China central bank urges rational investment in bitcoin (Reuters)

Is Your Sears Or KMart Store About To Close?

Is your neighborhood Sears or KMart store one of the 150 that are about to shut down as the heat around the melting Sears ice cobe is raised by one more degree? Find out on the chart below.

A Biased 2017 Forecast, Part 1

"We are prone to overestimate how much we understand about the world and to underestimate the role of chance in events..."

Frontrunning: December 30

  • Russia Set to Expel 35 U.S. Diplomats in Tit-for-Tat (BBG)
  • Trump’s Plan to Partner With Russia Faces Bigger Hurdle (WSJ)
  • Trump could reverse effects of Obama order on Russia (Reuters)
  • Gold Lures Investors Worried About Trade Wars and Trump Tweets (BBG)
  • Syria truce backed by Russia, Turkey, holds but clashes reported (Reuters)

Retailers Panic: 63% Of Americans Plan Not To Shop On Black Friday

According to a Reuters poll, some 63%, or nearly two-thirds, of US adults did not plan to shop on Black Friday this year. Some 32% said they plan to finish about half of their holiday shopping on that day. As a result "shocked" US retailers are doing everything they can in their scramble for market share.

Frontrunning: November 16

  • U.S. stock futures slip as post-election rally slows (Reuters)
  • Pence Ousts Lobbyists From Transition Team (WSJ)
  • Infighting hits Trump’s foreign policy transition (FT)
  • Trump’s Win and Transition Turmoil Buy Time for FBI Chief Comey (BBG)
  • Elizabeth Warren Sends Donald Trump Letter Criticizing Transition Team’s Wall Street Ties (WSJ)
  • Saudi Arabia set to reveal depth of oil reserves (FT)