Stocks & Bonds Sink Despite Hot Apple, Roasted Turkey, Euphoric Fed

Seemed appropriate…   So Apple beat expectations…and a buying panic ensued… But disappointed everyone by not becoming the first company to be worth ONE TRILLION DOLLARS today… Doubled in size since June 2016   Little to no real initial reaction to The Fed statement… and…

Social Justice Media Companies Are Falling Apart

Social Justice Media Companies are failing. Univision has been buying out staffers and laying people off for a while now. Recent reporting from the Wall Street Journal says that Univision is trying to sell the Fusion media Group, which includes the former Gawker properties. So…

How The Iran Sanctions Drama Intersects With OPEC-Plus

Authored by Pepe Escobar via The Asia Times, Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is…

Preacher Asks Followers To Help Buy Fourth Private Jet For $54 Million

One would think that by the time you are buying your 4th private jet, you can afford it on your own; well in the case of US televangelist Jesse Duplantis, that’s not the case: it turns out Jesse decided to share the burden of his…

UK’s “Generation Rent” Faces Ever-More Unaffordable Homes

For the so-called ‘Generation Rent’, the dream of buying a house is usually a distant and unrealistic one. And, as Statista’s Martin Armstrong notes, figures from the Office for National Statistics show the dream is only moving further away, too. You will find more infographics at Statista Furthermore,…

Dow Dumps Below Yesterday’s Lows As Boeing Gives Up Gains

After Boeing’s beat sparked pre-market buying, sending The Dow green as the cash session opened, TV pundits proclaimed the ‘greatness’ of earnings season. But that didn’t last long…     And Nasdaq is worst once again… It appears the broad selloff – especially in tech…

Another Debt-Bomb Exposes “Limits” In The Nordic Junk “Casino”

“In Nordic high yield you can easily think you’re buying a Ferrari and it turns out it’s not…” – Evgeny Artemenkov, a high-yield money manager at Saastopankki in Helsinki. That, it turns out, is the understatement of the year,  as Bloomberg notes,  the least corrupt…

US- China Trade Talks Break Down After US Rejects “Frustrated” Beijing’s Offer To Cut Deficit

While much of the overnight session was market by the previously discussed buying euphoria that sent futures over 1% higher after Monday’s disappointing close following a “conciliatory” speech by China’s president Xi who – once again – promised to open China’s economy and lower import…

Trump Having Dinner With Co-CEO From Amazon Competitor Oracle

Bloomberg may have launched today’s last hour marketwide buying panic, when it reported that there have been no ongoing talks in the White House about action on Amazon, and it may be Bloomberg that now sinks futures, because in a report that at least partially…