Futures Slide As Dollar Surges; Tencent, Yuan, Chinese Stocks Tumble

On any other day, today’s surge in the Turkish Lira would have been sufficient to prompt a sharp rebound in global risk and euphoria across emerging markets as “the Turkey contagion was contained.” But not today, for a few main reasons: first, the spike in…

Pre-Trade-War Buying Spree Sparks Biggest Jump In Wholesale Sales Since 2011

In a sudden surge, out of the recent ranges, Wholesale sales soared 2.5% MoM in May – the biggest jump since March 2011 – suggesting pre-emptive buying ahead of Trump’s tariffs (as opposed to a new trend). Farm Products and Computers saw big sales surges…

Global Stocks Jump As Mega Merger Monday Closes April With A Bang

The ongoing surge in the dollar and the 10-Year Treasury’s daily battle with the 3.00% rate (which has proven to be a solid resistance level) have been pushed back to the backburner, as Merger Monday comes back with a bang following a trio of blockbuster…

Global Stocks Jump As Treasuries Rebound; China Surges On PBOC Easing Rumors

If the big story yesterday was the surge in 10Y TSY yields to just shy of 3.00% (2.996% to be precise), then it is only reasonable that the failure of the 10Y yield to rise above 3.00% overnight is today’s “big story”, and indeed as…

Russian Aluminum Giant Seeks Rescue From US Sanctions In China

One week ago, when we first discussed the upcoming surge in commodity prices – especially aluminum and nickel – following Trump’s latest Russian sanctions, which in turn sent the stock and bond prices of Russian aluminum giant Rusal crashing amid fears the company would be…

Bitcoin Heads For Best Week In 4 Months As Tax Overhang Lifts

Bitcoin is extending gains from yesterday’s high volume surge, back above $8,000 and up over 25% on the week – the best since early Dec 2017 – as the tax-driven selling overhang lifts ahead of Monday… As a reminder, CoinTelegraph reported that Fundstrat’s Tom Lee predicted…

Futures Tumble Amid Tariff, Payrolls, Powell Chaos

When summarizing yesterday’s market action, which saw the market surge for the third consecutive day and culminated with Europe’s best day since June 2016, we said that it all boiled down to one question: “Trade war or no trade war?” Until 6pm, the answer was…

Looking for a $3 million penthouse in Nashville? You have options.

BOOM: High-dollar condos surge in Nashville… (First column, 5th story, link) Related stories:Baltimore exodus as homicides soar…Seattle homeowners forced to move after tax hikes… VISIT THE SOURCE ARTICLE Looking for a $3 million penthouse in Nashville? You have options.