Trump On Being President: "This Is More Work Than In My Previous Life. I Thought It Would Be Easier"

April 29, 2017 - 12:20am
Trump On Being President: "This Is More Work Than In My Previous Life. I Thought It Would Be Easier"

Reflecting on his forst 100 days, President Trump appears to have come to the stark realization that managing the world's largest economy, most warmongery military, and most divided body politik is 'harder' than being a billionaire real estate magnate/reality TV star.

As The Hill reports, Trump thought being president would be easier compared to his past business experience.

Gold Miners; Largest outflows in history could be bullish, says Joe Friday

April 29, 2017 - 12:15am
Gold Miners; Largest outflows in history could be bullish, says Joe Friday


Could historical outflows present an opportunity? Yesterday Sentimentrader.com reported that outflows from Gold Miners ETF’s GDX and GDXJ topped $800 million on 4/26, the largest single day outflows in history. 
Below looks at Gold Miners ETF GDX, reflecting where these large outflows took place.

"As If Millions Of Unicorns Suddenly Cried Out In Terror": Cloudera IPOes At Less Than Half Its Last Private Valuation Round

April 29, 2017 - 12:12am

It was a little over a year ago when the market first started noticing that the private startup market had gotten just a little ahead of itself, with various dotcom 2.0 darlings such as Dropbox, Square and others slashing their private valuations by substantial amounts. Well, overnight investors at peak private valuations got another harsh reminder of just how much they may have overpaid when  Cloudera, once one of the most highly valued private tech companies, priced its IPO at less than half the company's valuation from its last private financing round back in 2014.

Consumer Confidence 'Steady' Despite Weak Wages, No Spending, Slow Growth

April 29, 2017 - 12:06am
Consumer Confidence 'Steady' Despite Weak Wages, No Spending, Slow Growth

Apart from stagnant wage growth, dismal economic growth, and tumbling spending growth, Americans remain 'confident' according to University of Michigan. Current conditions fell very modestly but 'hope' rose to its highest since January. Inflation expectations were steady (near record lows) but buying climates improved MoM.
 
It seems UMich respondents do not care about wage growth (just the Nasdaq)...

 

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