A popular children’s doll has been found to collect and transmit personal information from unsuspecting children to a U.S. defense contractor. According to a complaint filed with the Federal Trade Commission on Tuesday, the My Friend Cayla doll and I-Que Intelligent Robot toy, made by Genesis Toys Inc., secretly record everything children say and send the information to a defense contractor named Nuance Communications.
Blackrock's chief multi-asset strategist summed up tomorrow's anxiously awaited ECB meeting best by noting that "what’s priced into markets is a fully fledged extension of the [bond-buying] program," but warns that, thanks to a muted reaction to the Italy vote and recent encouraging data, "there’s a significant chance the ECB disappoints markets." As bond traders bet on a six-month QE extension, Citi warns, anything less will be seen as hawkish and send EUR surging.
Ten days ago, we wrote that the "US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers." Fast forward to today when the same "shocked consumers" referenced in the WSJ piece must be on the verge of a nervous breakdown because according to the Mortgage Brokers Association, rates on US fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, according to the latest MBA data.
Markets remain more fragile than today’s volatility levels suggest according to BofAML's global equity derivatives group.
This fragility has been driven by:
Today's epic melt up has left many traders, investors and market watchers speechless. But even prior to Wednesday's explosive move higher, the market was already in nosebleed territory.