US equity futures are slightly in the red this morning, after Asian shares rose and European equities were little changed, just in time for the broader euphoria to shift from stocks to commodities.
"Is it a combination of cold weather and strikes or something more serious? Signs point to the latter. It's not just Germany. The reset of the Eurozone is weak as well... The whole global economy is slowing."
"Just like the British government selling gold at the bottom of the market, corporate executives have been going into DEBT and spending their shareholders’ money to buy their company’s stock at record high prices."
Big banks just cashed in the first installment of benefits corporate America will reap from the new federal tax law... The haul: more than $2.3 billion.
Investigators from the NTSB have reportedly discovered the cause of the Southwest accident: they attribute yesterday's fatal accident to "metal fatigue" in the damaged engine.
"We are likely to face a dramatic slowdown in global growth during the coming quarters, followed by a worldwide wave of corporate defaults ending the “global recovery” narrative."
While the general risk-on rally across global markets persisted for a third day amid sliding volatility, the rally appears to have lost some steam with Dow futures lagging after last night's disappointing IBM revenues, which in turn may have capped the S&P ramp that started on Monday.
the woman who was sucked out of the window of flight 1380 has been identified as Jennifer Riordan, 43, of Albuquerque. Riordan, a married mother of two, was vice president for community relations at Wells Fargo.
The US Army wants to develop a system that can be quickly integrated and deployed into its weaponized drone fleet to automatically Detect, Recognize, Classify, Identify (DRCI) and target enemy combatants and vehicles using AI...
"Chinese stocks just took out February lows and set a new YTD low... This is important since the global equity markets have a very high correlation to Chinese stocks."
"We have requested Rusal stop shipments of aluminum for our term contracts as we can't make payment in U.S. dollars and we don't want to take the risk of becoming a secondary sanction target by the United States."
The Hong Kong Monetary Authority has bought over HKD28.6 billion (USD3.6 billion) since the local currency fell to the weak end of its permitted trading band last week, and as the chart above shows - it's not working!
"This 'dollar short' is often complicated and tangled, a process rather than a single thing...There is no bet in either direction, instead there has been an accumulation of positions that leave parts of the system in what is really a synthetic short divorced from anything but operational considerations."
The Kremlin has been working with the country's banking system to devise protective measures that would mitigate the impact of any new sanctions levied by the US and its allies.
"So rather than trying to shoehorn a coherent and all-encompassing explanation of current price action, this is one of those times where you may just need to go with the flow. Even if at times those flows seem wholly at odds with each other."
According to 60% of investors surveyed by the latest Bank of America fund manager survey, the market will peak in 2018, and are starting to cash out...
