Business

The US is using a ‘mythical Russian threat’ to frighten Europe in order to justify increased defense spending according to Russia’s envoy to NATO “The United States and its representatives have repeatedly said that Russia poses a threat to the United States. Many said it was almost an existential threat, but the underlying reason, in my opinion, is obvious,” Russia’s permanent envoy to NATO Aleksandr Grushko, said in an interview with Russia Today They write: “The United States and its representatives have repeatedly said that Russia poses a threat to the United States.

Ever since the USDJPY breached the 110 support level three days ago for the first time in 17 months, the pressure on this all important FX carry cross has been rising, and then overnight, following the latest bout of recurring and increasingly ignored jawboning by various Japanese officials, the Yen soared, with the USDJPY plunging first below 109 and then moments ago dropping as low as 108.02 before rebounding modestly, dragging US equity futures lower with it.

Submitted by Michael Krieger of LibertyBlitzkrieg

Blast From the Past – Hillary Clinton vs. Bernie Sanders on Panama

Yesterday we first reported something unexpected: when looking at the constituents of the record short squeeze that started two months ago, and still continues, traders had largely maintained kept single-name shorts, and instead covered short ETF exposure.

This followed a previous observation showing that when it comes to NYSE short interest, it is near the record highs (in absolute terms, if not as a % of market cap) reached during the financial crisis.

The following research was jointly produced by: J. Brett Freeze, CFA of Global Technical Analysis and 720 Global

Buying Dollar Bills For $1.10

720 Global has written four articles to date on stock buybacks and the harm these actions will likely have on future corporate growth rates and the economy. To better gauge the effect of buybacks we join forces with Brett Freeze to present a unique analysis on the S&P 100.