‘Party On Wayne.’ What Could Possibly Go Wrong?

“To be clear, the reason ‘what can possibly go wrong?’ has become such a ubiquitous phrase these days has a lot to do with the fact that this has all become one trade.” 

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A Royal Shakeup, China’s Big Day Falls Flat, Crude Reality Bites

Ok, well for obvious reasons, the headlines overnight pretty much all revolved around: Saudi Arabia China Oil In Riyadh, Mohammed bin Salman consolidated still more power after replacing his cousin Muhammad bin Nayef as heir to the throne. It was, as quite a few in the media noted, an “abrupt” change. But bin Salman was already running defense,…

Before The Fed: China?! “An Illegal Siege” On Qatar! Crude Carnage. Oh, My.

Yeah, so this afternoon the Fed will almost surely hike and folks will be looking for answers to a whole lot of questions. The full preview is available here, but one thing you should note is that traders will be watching CPI and retail sales first and indeed, those prints may end up dictating the…