"If the 'Deep State' gets pushed into a corner much further, they can basically pull the plug. That means the stock market could come tumbling down, and then they could blame the Trump Administration..."
In a disturbing echo of the runup to the housing crisis, a recent study has revealed that the practice of flipping homes in the US is back in vogue - with the number of houses flipped rising to its highest level in 11 years.
Buybacks by BofA's corporate clients last week were above $1.5BN for the third straight week, making it "one of the largest weekly buyback In our data history." YTD buybacks total nearly $11bn, up +53% YoY, and the strongest start to the year since 2014.
Amid reports that Tesla's two top financial executives have suddenly quit, Tesla employees told CNBC that the company is manufacturing a high ratio of flawed parts and vehicles that need rework and repairs.