“We Just Saw A Record Unwind Of Levered Hedge Fund Trades”

Yesterday, just before the selling accelerated in earnest, we warned that CTAs and other systematic, trend-following funds had finally joined the selling, as models that track equity trends flipped to a short signal. It wasn’t just the model-driven funds that were dumping however. According to…

WTI Slumps To 2-Week Lows After Biggest Crude Build In 20 Months

After holding around $75 yesterday amid storm news as Hurricane Michael shut more offshore oil platforms and the International Energy Agency warned that the global market is entering a “red zone,” today saw risk-off sentiment slam it lower, back below $73 ahead of tonight’s API data. Globally,…

Bill and Hillary Clinton launch their ‘We’ll never go away, Democrats!’ tour

When the tour was announced yesterday, the stock of Live Nation, the concert-promoters sending the Clintons on the road, took an immediate hit. VISIT THE SOURCE ARTICLE Bill and Hillary Clinton launch their ‘We’ll never go away, Democrats!’ tour JOIN ME ON MINDS.COM

Dancing Girl Who Assaulted Elderly Man During Protest Learns Lesson The Hard Way

Yesterday we reported on a young liberal protester who assaulted a 71-year-old man because he was a Donald Trump and Brett Kavanaugh supporter. The girl eventually assaulted the man by way of hitting his signs, which legally is assault. We found out today that someone…

WRITER For Late Night Political Hack STEPHEN COLBERT: “I’m Just Glad We Ruined Kavanaugh’s Life”

Yesterday, Ariel Dumas, a writer for CBS’s “The Late Show with Stephen Colbert” tweeted about how no matter the outcome, she was grateful that the Left was able to ruin Judge Kavanaugh’s life. “Whatever happens, I’m just glad we ruined Brett Kavanaugh’s life,” the writer,…

Amazon Raises Their Minimum Wage To $15 … But There’s A Catch!

Amazon garnered praise for raising the minimum wage for its hourly workers to $15 yesterday, but the widely-publicized move also came at the expense of monthly bonuses and stock options. The company explained its decision to shift to a new stock purchase program in the…

McElligott: “It’s The Steepener, Stupid”

In his comment from yesterday, Nomura’s Charlie McElligott highlighted several key ways in which the latest rout in interest rates has been different from previous episodes, most notably that of January 2018: the first key difference was the lack of rate vol, which however has…

Greece Planning Bad Debt Bailout For Its Banks After Market Crash

It seems like it was just yesterday that Greek banks, which carry some €89BN of bad loans on their balance sheets, passed the ECB’s latest confidence building exercise, known as the “stress test.” In retrospect that may have been premature, because as Bloomberg reports, over…

Russian TV Releases Footage Of S-300 Battery Being Offloaded In Syria

Christmas came early this year for Syria’s Assad as Russia yesterday confirmed delivery of its feared S-300 surface-to-air missile system. And on Wednesday Russian TV aired footage and provided photos of what are unmistakably the S-300 missiles being offloaded large cargo transport planes in Syria. The nighttime…

New NAFTA Would Harm Canadian Copyright Reform and Shrink the Public Domain

Late yesterday the U.S., Canada, and Mexico reached an agreement on a new North American Free Trade Agreement (NAFTA). The agreement (now rebranded as the U.S.-Mexico-Canada Agreement, or “USMCA”) obligates Canada to increase its copyright term by an additional 20 years if the deal is…