Ok, so the Fed is going to hike tomorrow. And the best part about it
Day: June 13, 2017
Mike Moon Beheads Live Chicken In Anti-Abortion Video, Asks Why You’re “Freaking Out”
“Some people seem to be freaking out about the whole chicken video”…
“On What Basis?!” One Trader Demands To Know Why You’re Short Treasurys
“U.S. Treasury bears haven’t come up with a compelling new argument in months, nor a reason why any of the old, stale logic will suddenly become valid now”…
Bubbles, Bubbles, Everywhere
“Despite the horrible price action in technology shares recently, let’s put things in perspective: FANG stocks are still up well more than 20% on the year. That’s an awful lot. At the same time, the price of many crypto- currencies has gone parabolic in a way that we haven’t seen since tech stocks in the late 1990s. There’s even the same “new paradigm” driving the price action. If that’s not a speculative bubble, I don’t know what is.”
Hedge Fund Long Stock Exposure Tags Record At $1.36 Trillion
“Based on the quarterly 13F filings and estimated short positions of the equity holdings of 952 funds, we estimate that hedge funds’ net stock exposure increased to $792bn notional from $730bn QoQ, surpassing the Q2 2015 peak to a record high. HF long positions stood at $1.36trillion notional at the start of Q2 2017, tied with the Q2 2015 high.”
The Hill: “If Trump Fires Robert Mueller, He Will Be Impeached”
“If Trump does fire Mueller, it would be a virtual admission of guilt in the eyes of huge numbers of Americans.”
U.A.E Thinks It’s Bullshit That Qatar Spends Its Empire State Building Profits On Al-Qaeda
“Qatar cannot own stakes in the Empire State Building and the London Shard and use the profits to write checks to affiliates of al Qaeda.”
They’re “Taking Away The Punch Bowl As The Party Gets More Messy”
“But that’s utterly the wrong thing to be thinking about.”
“I’ll Get Impeached If It Kills Me”: Trump Considers Firing Mueller, Attacks Judges, “Dirty, Sad” Press
Thankfully, the fact that Trump is even considering firing Mueller and the fact that he just tweeted about the 9th Circuit a day after the court cited the President’s tweets in an unfavorable ruling proves (again) that Trump will not stop until he has gotten himself impeached.
Great Success! OPEC Output Rose Most In 6 Months As Cartel Met To Extend Cuts
Right, so OPEC is out with their monthly report, which is basically just a compendium
“I’m The One Who Got Us Into This Mess,” A Brent Death Cross, And “The Day Before Tomorrow”
Today is all about tomorrow…
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
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