The markets today are just as vulnerable to a "run on liquidity," with Goldman Sachs now the smallest of the universal banks followed by Morgan Stanley...
The Queen of England has a pre-written speech prepared for the outbreak of World War 3. As tensions between Russia and the United Kingdom continue to flare, the Queen’s speech is sparking fears of a nuclear war.
"This situation is straight out of the neoconservative play book, creating a horrific incident and rushing a government into a confrontation and major policy decision. And these are happening all over the world right now..."
The Trump Administration is set to unveil broad tariffs on Chinese imports. But which Chinese imports will be targeted: That is a critical question as their prices are likely set to surge. Here is the answer according to Goldman.
"Yesterday, Donald Trump appointed CNBC Commentator Larry Kudlow to Gary Cohn’s job as director of the NEC. Kudlow was chief economist of Bear when I joined the firm in the early 1990s."
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.
"The Fed has not put an 'end' to bear markets... In fact, they have likely only succeeded in ensuring the next bear market will be larger than the last."
From its exuberant 5.4% expectation for Q1 GDP at the start of February, The Atlanta Fed's guess has collapsed to just 1.9% as CPI and retail sales disappointments weigh on their outlook.
The President is reported to be considering a package of tariffs on Chinese imports of up to $60BN. The Chinese will likely respond in kind, beginning a succession of tit-for-tat trade policies between the two countries.
Jeffrey Talpins’s Element Capital Management made more than $3 billion in the last five months, mostly as a result of a trade that President Donald Trump’s tax bill would pass successfully, driving stocks and yields on U.S. Treasuries higher.
A branch of journalism that might be called, “don’t worry, be happy, because this time is different” tends to pop up at the peak of cycles when imbalances that caused past crashes start to reemerge.
With the dollar dumping on the double whammy of CPI and Rex Tillerson; stocks, bonds, and gold are all surging as stocks open. The S&P 500 topped 2,800 for the first time since Feb 2nd...
China plans to merge the banking (CBRC) and insurance regulators (CIRC) and to form a new agency called China Banking and Insurance Regulatory Commission (CBIRC) in the biggest industry overhaul since 2003.
Will we see yields march up today or will the latest batch of US inflation data disappoint? We’ll know the answer to that in about six hours with the release of the February CPI report in the US.
Larry Kudlow, the man who was originally mentioned as the logical replecement for Gary Cohn, is once again the front runner to lead Trump's National Economic Council "and would take the job if offered it" according to CNBC.
