LatAm

BofA Stunned By Drop In Gasoline Demand: "Where Is Driving Season?"

US gasoline demand continues to surprise analysts by how weak it is. So weak, in fact, that Bank of America has released a note which has BofA's stunned energy analyst Francisco Blanch asking "where is the driving season?" and, more specifically, "Is this year's driving season over before it began?"

Frontrunning: April 3

  • Buying a Home This Spring Will Be Hardest in Years (WSJ)
  • Senate showdown likely over Gorsuch confirmation (Reuters)
  • ‘Nuclear’ Bid to Confirm Gorsuch May Radically Change Washington (BBG)
  • Trump's son-in-law, Kushner, flies into Iraq with top U.S. general (Reuters)
  • Solid Asia factory growth caps a strong first quarter but outlook cloudy (Reuters)

Disney, Gilead, Mondelez All Slide After The Bell

In today's trifecta of after hours earnings results, all three behemoths representing different key parts of the US economy, stumbled after either missing expectations, or guiding lower.

Two Wars Are About To Break Out Over Border Adjustment Tax

Two wars are set to break out over the Border Adjustment Tax: one is domestic and involves exporter vs importer alliances, and will soon shift into the Senate. The second war is one which would break out after the BAT is passed, and it would hammer America's biggest trading partners