This whole charade with former National Security Advisor Mike Flynn reeks of desperation and makes clear that Mueller's team has an empty hand...
To summarize the plea agreement from the FBI Special Counsel’s “Statement of the Offense”
The “VIX Elephant” has awakened. And “50 Cent” is back.
That's the mysterious-sounding ointroduction to a notable market insight from Bloomberg this mornig as they note the turmoil surrounding Mike Flynn headlines - spiking VIX and slamming stocks - provided two big options market 'whales' with some relief and room to move...
Markets were thrown for a loop in the past 24 hours, with the Dow first soaring nearly 400 points on Thursday on expectations that tax reform was a done deal, when drama emerged just after the close when the Senate tax bill came this close to falling apart when the proposed "Trigger" was ruled as invalid, pushing a Thursday tax vote to this morning, and as of this moment the bill appears in limbo with the GOP scrambling to find ways to appease the sudden loud opposition among budget hawks. UBS economist Paul Donovan summarized it best this morning:
In the past few days two Federal Reserve presidents have discussed cryptocurrencies and concluded they are "niche" and "don't matter today."
The total market capitalization of the entire cryptocurrency space is around $300 billion - smaller than the Top 10 names in the S&P 500.
In the last three years, Bitcoin has gained a similar amount of market cap as Nvidia...
A de minimus percentage of Americans are exposed to Bitcoin and crypto-currencies.
Authored by David Stockman via Contra Corner blog,
The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below.