“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting

Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that started coming in around 4:30 a.m. EST. As noted earlier this morning, crude dipped precipitously (although, the definition of phrases like “precipitous dip” and “flash crash” seems to be getting more liberal by the day of late) when Saudi Arabia’s Energy Minister…

Storm Clouds Gather As Trump Headline Risk, Terror Attack Battle Econ Data For Market’s Heart

Well, this market’s mettle is being tested. Again. On Monday evening we got what might fairly be described as the worst kind of double-whammy: a WaPo report containing new revelations about Donald Trump’s attempts to obstruct justice in the Russia probe and a terrorist attack that killed 22 people in Manchester. The knee-jerk risk-off move…

“President’s Day”: Iran Is Voting, Brazil Is Panicking, Trump Is Traveling

It feels quiet in America on Friday morning. Maybe that’s because Donald Trump is leaving the country for eight days. Which means that for more than a week, we can all pretend like this nightmare isn’t real. my plane pic.twitter.com/o7jDiam0vP — Trump Draws (@TrumpDraws) February 3, 2017 But it’s actually quiet overseas as well. There’s…

“It’s Funny Because It’s Treason”: Global Markets Jittery As Trump Makes New Lows

We start Tuesday on a treasonous note… So because he’s President, Donald Trump gets some intel. And, at least according to some sources, Trump is often surprised at just how “great” the intel is. And it turns out that maybe – just maybe – he got a little too excited when bragging about that tremendous intel to…

“EU”phoria

Just how confident is everyone about Europe now that Emmanuel Macron managed to trounce Marine Le Pen in a runoff that threatened to install a dancing Nazi in the French presidency? Well, if you’re looking at equities, the most confident in history…