Traders remain on the sidelines spooked by the sudden drop in tech shares while keeping an eye on yields and currencies in the aftermath of the BOJ's half-hearted attempt to steepen the JGB yield curve.
The good news: NFLX just smashed net addition expectations; the bad news: NFLX continues to hemmorhage cash, and will burn between $3 to $4 billion in 2018, and "be free cash flow negative for several more years."
"My bet is that we will witness an inflationary shock. What I can only hope is that after 10 years in which financial alchemy handed all the keys to the mathematicians, these next few years will favour the historians, if there are any left."
"I discovered that Tor was not a grassroots. I was able to show that despite its indie radical cred and claims to help its users protect themselves from government surveillance online, Tor was almost 100% funded by three U.S. National Security agencies"
U.S. futures are back in the green, while Asian and European stocks were mixed after worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt.