"As of today, the Fed’s independence is guaranteed, but Trump has the ability to make his own appointments to the Fed board. If Fed independence does get threatened, you’re going to see a bond market reaction."
The multi-month performance disaster for U.S. Equities funds (primarily L/S and M/N HFs, although MFs significantly lagging index as well) which has seen “gross exposure” purged lower has dictated two standout flows last week.
As NATO continues to "defensively" position an increasing number of troops, infrastructure, missile launchers, and missile shield systems on Russia's western borders, it appears the Russians are inching up their border protections at the other side of the world.
While traders are keeping a close eye on developed markets to see if the risk from from Turkey’s financial crisis or China’s trade war is spreading, the emerging-market contagion has slammed the base metal markets. Hard.
"As China’s power expands and as U.S. power is put to the test in Asia, it is likely that the U.S. will correct its recent strategic shortsightedness and find ways to work with Russia. Or at least it should."
In what may be the harbinger of a revolutionary overhaul to the online streaming sector, the Information reports that NBCUniversal is considering launching a streaming service that would pay people to watch it.
"Neither the United States nor the United Kingdom is a remotely united society any more. Both of them need to turn inward to resolve their own problems and abandon the fantastic quest to reassert global dominance. "