The market continues to gingerly ignore the accelerating currency devaluation in China, where the yuan is headed for a record eight weeks of declines. Italian bond yields spike ahead of an important meeting and payrolls are on deck.
"A lot of people like to think that the SHTF is some distant thing that probably won’t ever happen. But, in reality, it happens every single day, someplace in the world. Riots have occurred all over the world recently, stranding travelers, destroying property, and causing serious injuries and death."
Mexico has just elected its first leftist president in decades, with Andrés Manuel López Obrador (or AMLO) winning in a landslide and a near majority, or 49% of the vote according to early exit polls, and all his opponents promptly conceding defeat.