With the dollar tumbling and Dudley and Kuroda exposed as impotent, investors are rotating to the safety of not Biotechs but Bullion and Bonds. Gold just pushed above $1135 to 3-month highs, breaking above its crucial 200-day moving-average...
But will this break hold?
A mystery explosion on a Daallo Airlines flight ripped open a hole in the plane and forced the pilot to take emergency landing measures while thousands of feet in the air. Police are treating the blast as ‘suspicious’ and are questioning the passengers, leading to speculations that a bomb might have been responsible. A body was reportedly seen falling from the sky at the time of the explosion. The Mirror reports: Flight D3159, travelling from Somalia to Djibouti, caught fire just five minutes after taking off from Aden Adde International Airport in Mogadishu this morning.
Southern California was cleaning up after Sundays El Niño driven winds caused damage and power outages Thousands of households were left without electricity as storms downed trees and power poles in Southern California. Gusts of wind up to 115mph were recorded as heavy rain hit the west coast, causing massive outages and flooding on Sunday night.
Great timing for a short-squeeze rumor? With Chipotle due to report what is likely to be ugly earnings after the bell today, CNBC reports (citing Dow Jones) that the CDS may declare an end to the E.Coli outbreak today.
This, as we suggested last night, has ripped stocks 4-5% higher (to one-week highs) squeezing shorts.
A Russian Sukhoi Su-27 fighter jet came within 15 feet of a U.S. Air Force RC-135U reconnaissance plane flying in international airspace over the Black Sea on Monday, according to the Pentagon. abc News reports: The Pentagon is calling the intercept by a Russian SU-27 pilot as being conducted in “an unsafe and unprofessional manner” that put “both the American flight crew and himself at risk.” During the intercept of the RC-135U, the Russian pilot flew as close as 15 feet alongside the American reconnaissance plane, a Defense Department official said.