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Source: Investors.com

A US Commander has said that he believes NATO are prepared to “fight and win” a war against Russia in the very near future. US European Command (EUCOM) and NATO are ramping up their efforts to expand their military presence on Russia’s borders, US Supreme Allied Commander Europe General Philip Breedlove said on Thursday. Russia have warned that the increased military presence constitutes provocation towards war.

Albert Edwards is in love, but what makes it somewhat awkward is that the object of his affection is not living flesh and blood but a major asset, one which he calls "probably the most fantastic investment of the last decade", and one which so many others have called the "widowmaker" for the simple reason that they have shorted it, shorted it again, and shorted it some more, only to always lose money because as their adversary that have the most irrational, most childish and most desperate central bank in the world: the Bank of Japan.

Deja vu all over again.  Just as we saw after yesterday's "glitch" in POMO unleashed a huge short-squeeze buying rampage, so today's "technical issue"-delayed 7Y Auction has sparked panic-buying in stocks.

Recall what we said less than an hours ago and moments after the Treasury announcement that today's 7Y auction was rescheduled:

What is more stunning is that just like yesterday's POMO cancellation at 11:15am  sent yields surging, so today's announcement has likewise pushed yields higher and stocks promptly followed.

 

It turns out oilfield services isn't a good place to be during epic crude downturns.

Halliburton - which cut thousands upon thousands of jobs in 2015 - is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company's remaining workforce. We say "remaining" because as CNN notes, "the latest pink slips bring Halliburton's job cut tally to between 26,000 to 27,000 since employee headcount peaked in 2014."