While Amazon's Jeff Bezos walks his new dog and remains head and shoulders above everyone else in the world in terms of net worth, Facebook's Mark Zuckerberg is sliding down the ranks to a lowly 5th on the world's richest person list...
Ahead of tomorrow's virtually assured FOMC rate hike, new Chair Jerome Powell's first, we present two previews of what tomorrow's FOMC statement will look like, one from Morgan Stanley and one from Goldman Sachs.
WTI/RBOB prices spiked today on OPEC chatter about how well they are doing, and extended those gains after API data showed a surprise crude draw (3.25mm build expected) and bond gasoline and distillates saw draws.
"So far, this all sounds a bit like a storm in a teacup. This is because many of the other signs of stress which have traditionally accompanied LIBOR-OIS widening have so far been absent. But we think this is about to change..."