There is some serious turmoil going on in credit, commodities, and FX.. but stocks shurugged it all off because jobs were shitty enough to warrant a bid??

Just days after  Joaquin ‘El Chapo’ Guzman was moved to a prison near the US border, a Mexican federal judge has ruled that the notorious drug lord can be extradited to the US to face criminal charges Guzman’s lawyers are fighting the decision. They say that several appeals remain pending and that any effort to send him to the U.S. now would violate his human rights.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Commercial bankruptcies are skyrocketing, oil prices have collapsed, profits have declined and Central Banks globally are pushing negative interest rates in hopes of keeping economies afloat. At any other point in history, such a combination of events would have investors scrambling for cover as market prices fell.

The following brief comment by Morgan Stanley's chief FX strategist Hans Redeker is one of the best summaries of the sad state the centrally-planned world finds itself in after 7 years of constant central bank manipulation to push risk assets higher no matter the cost.

A few years ago we asked why anyone would exclude litigation charges from bank EPS. While we are still waiting for someone to explain that to us, we'd like to show an update on just how dilutive to shareholder value these "one-time, non-recurring" litigation charges have been over the past six years.