The machines used every tick of USDJPY and VIX today to ensure The Dow ended green...
After yesterday's dump and pump, The Dow and Nasdaq clung to April Gains... as Small Caps were slammed then the BTFDers arrived and it went exponential...
Authored by Lance Roberts via RealInvestmentAdvice.com,
As the first quarter of 2017 closes, April begins the last leg of the markets “seasonally strong” period of the year, which is where the idea of “Sell In May And Go Away” comes from. And, of course, every year, there is always a litany of articles written about why it is such a bad idea, you need to just “buy and hold”, blah…blah…blah.
With the yield curve having already collapsed below pre-Trump-election levels, all eyes are on the 10Y Treasury yield and a crucial support level that was hit today that may divide hope from reality.
It appears The Fed Hike "policy error" spoiled The Trumpflation hopes...
We can now close the case on who leaked that confidential, market-moving data to Medley global back in 2012: it was Richmond Fed's Jeffrey Lacker, who previously was expected to retire in October, and is resigning immediately.
In a statement, Lacker confirms he revealed confidential FOMC information to Medley Global and that he lied to the Fed's general counsel on at least two occasions. His full statement is below:
Statement Of Dr. Jeffrey Lacker
Authored by Zainab Calcuttawala via OilPrice.com,
Brazilian oil output in February was 14.6 percent higher year-over-year, according to the latest data released by ANP, the South American country’s petroleum regulator.
February production touched 2.676 million barrels per day, an ANP statement said, adding that natural gas output also rose 9.2 percent compared to the same month last year.