I am back from TX. In Dallas my brother Alex and I had the pleasure of spending four hours with John Mauldin. Our visit with him started in John’s apartment in downtown Dallas and continued in a bar at a nearby hotel. A lot of my readers are familiar with John, but for the few who aren’t, let me introduce him. John is an economist, a thinker, and an incredible writer. He has written half a dozen books, and he writes probably the most popular (free) investment newsletter in the world – it’s read by millions.
The only question ahead of today's 2Y auction was whether it would price above or below the key psychological level of 2.50%. We just got the answer...
The Dollar Index broke above the key 90.00 level, up 5 days in a row -the biggest spike since Dec 2016 - to its highest level since mid-January. With net speculative positioning at extreme shorts, and liquidity stress (Libor-OIS), one wonders how far the short squeeze can go...
According to unconfirmed reports Saudi King Salman was evacuated following gunfire and explosions heard around the Royal Palace, although it appears it was just a "drone flying without authorization."
"98% of Americans - plumbers, dentists, bus drivers - have skin in the game. We have to worry about the 2% - the intellectuals and politicians making the big decisions who don’t have skin in the game and are messing the whole thing up for everybody else. "
In today's world of virtue-signaling, snowflake-cradling, politically-correct social justice warriors (from Berkeley to the Boardroom) with all their hashtags, boycotts, trolls, and bots; one wonders... could this be real?
While the DoD has secretly operated government programs to monitor UFOs, there is one video that has sent the internet haywire and could soon be examined by the government to validate its authenticity...
Her father Ismail Aghdam told police that his daughter might've been heading for YouTube's headquarters because she "hated" the company and blamed it for censoring her...
It's deja-vu all over again once more as Friday's melt-up evaporates just as last week's midweek dead cat bounce died... Nasdaq leading the way lower as FANGs are FUBAR...
