Despite today's surge in global equities, which may be as much driven by the France relief rally as the unwind of recent hedges, the latest attempt to reignite the reflation rally is fading as US Treasury yields have given up on much of the overnight move, following two weaker than expected "soft data" reports, the CFNAI and Dallas Fed, released earlier today.
It looks like another 'retailer' is about to be 'Amazon'-ed. Wayfair - the retail household goods seller - is tumbling this morning after Amazon reportedly pitches a new furniture seller program. Additionally, not helping the stocks, Citron's Andrew Left goes negative on the stock, comparing the company's controls to Madoff.
As FurnitureToday reports,
Saturday, April 29, marks what may be a bittersweet anniversary for the Administration: it is President Trump's 100th day in office. It could also mark Day 1 of a government shutdown if Congress doesn't pass a spending bill authorizing funding, or if the president doesn't sign it before then. This is a risk the GOP will be eager to avoid, although in recent days chatter has again picked up as a result of Trump's insistence to add wall funding in the spending bill.
Authored by Michael Snyder via The Economic Collapse blog,