Would a Tesla go-private deal be a sign of a market top, like AOL-Time Warner or the RJR Nabisco LBO? It certainly checks a lot of the boxes, and also highlights several fundamental shortcomings to public equity markets.
There was some confusion what was behind the relentless move higher in tech stocks during the second quarter. There is much less confusion after the Swiss National Bank released its latest 13F filing.
An unknown HFT trader is placing massive buy orders on Turkish stocks at a time when virtually everyone else is liquidating and bracing for a crisis...
European stocks slid amid trade war worries even as China surged; Russia’s ruble tumbled to a 2-year low after the US imposed fresh sanctions while Turkey’s lira dropped to a new record low.
"President Trump is out of options... Israel, the U.S. and Saudi Arabia have lost the Syrian War and the ramifications of that are immense...Because by losing this war the U.S. has been revealed as a paper tiger incapable of imposing its will on a world which is rapidly recoiling from its dominance."
After its worst day in 10 years, the Turkish Lira's early rebound is already starting to fade amid denied rumors of US officials predicting Lira's demise, a record high yield at its bond auction, and Goldman warning of the collapse of Turkey's financial system.
"... fewer and fewer stocks are carrying the burden of lifting the market, a sign of exhaustion and, in our view, a bad signal for further price gains..."
Concerns about Treasury supply on the short-end returned with a vengeance today when both the 3 and 6-Month Bill auctions printed at the lowest Bids to Cover going back all the way to the financial crisis.
After a "stormy" week of non-stop economic news, political drama and corporate earnings, the calendar takes a break this week with a lull in market sensitive data and events.
