First it was Ken Griffin, then Bill Ackman, now it's David Einhorn's turn.
Perhaps eager for a complete "change of scenery" after years of moribund returns, some of America's most prominent hedge fund managers are taking the metaphorical knife to their personal lives, and wives.
Construction, engineering and materials stocks are underperforming the market on sudden concerns that in addition to tax reform and Obamacare repeal, another core aspect of Trump's fiscal stimulus, Infrastructure spending, may be delayed by at least two years.
After API's surprise draw across all major categories, DOE reported the 7th weekly crude build in a row (even as crude imports plunged). Gasoline, Distillates, and Cushing all saw draws even as crude production rose to new cycle highs - back above 9mm bbl/d.
When Copper was soaring (2 weeks ago) it 'proved' that China's debt binge had worked and that Trumpian reflation was going to secure global economic growth going forward. Now that Dr.Copper is collapsing - we are not hearing so much about the industrial metal's economic forecasting prowess...
Supply concerns, strikes, and demand hope...?
LifeLock is looking to revamp itself with a purchase of FireEye according to a few of our sources in the security space that are privy to the on-going conversation. We were told the company is seeking to expand offerings and the added cyber-security depth from FireEye on the government level is what LifeLock wants, badly. The deal is set for $16 per share for a total valuation of $2.7 billion.