Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner.
This opens all kinds of doors.
The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.
Not what I would call an “upbeat” session.
“Under the alleged proposal, Mr. Flynn and his son, Michael Flynn Jr., were to be paid as much as $15 million for delivering Fethullah Gulen to the Turkish government.”
Tension is running high on Monday…
“Fragile Five” and “an alternative version of monetary policy reality.”
And that, folks, is the week.
“…when Erdogan met with Biden a year ago, he claimed bizarrely that Preet Bharara was a Gulenist tool.”
“…or what counts as ‘fireworks.'”
“Traders like to blame all the world’s ills on central bank behavior and then scream when markets act like markets. Or their machines act like robots.”
And now, back to your regularly scheduled programming…
Late Sunday evening we explained how Turkish autocrat and genocidal goblin, Recep Tayyip Erdogan, has engineered a diplomatic crisis with the U.S. by effectively taking hostages and demanding the extradition of arch nemesis Fethullah Gulen in exchange for their release. Well…
This of course stems directly from Erdogan’s ongoing efforts to bring arch nemesis Fethullah Gulen to “justice.” Pretty much anything that goes wrong for Erdogan gets blamed one of two things: 1) a Kurdish conspiracy, 2) a Gulen-linked conspiracy. This latest spat with Washington is no exception.
“Our military is not (at the border) for nothing. We could arrive suddenly one night.”