Before we start, this tweet summed up most of the desk chatter todasy...
#WallStreet traders at their desks today :D @ForexStopHunter @livesquawk @ForexLive @zerohedge @Schuldensuehner pic.twitter.com/yrfmQTwTkW
— Jakub Stasik (@kubachybas) January 20, 2016
Services economy dismal, ADP data weak, crude fundamentals horrible... rip snorting ramp in crude and stocks...
We have previously shown just how bad the situation in the US heavy trucking space - trucks with a gross weight over 33K pounds - was most recently in "US Trucking Has Not Been This Bad Since The Financial Crisis" in which we looked at November data and found, that "Class 8 truck net orders at 16,475, were 59% below a year ago and the lowest level since September 2012. This was the weakest November order activity since 2009 and was a major disappointment, coming in significantly below expectations. All of the OEMs, except one, experienced unusually low orders for the mont
Via Scotiabank's Guy Haselmann,
Rapidly Standing Still
Early last month, we asked a simple question when we learned that Martin Shkreli, pharma “bro” and the “most hated man in America” put up his $45 million E*Trade account to secure $5 million bail after he was arrested for fraud by federal authorities in December.
“Will Martin, like the E*Trade-ing Joe Campbell whose short position in KBIO blew up when Shkreli acquired more than half of the float back in November, start a GoFundMe page in the event his collapsing holdings leave him a few million short on the bail bond?”
It's a miracle - Dudely speaks, CHNJPY mysteriously spikes higher, , Crude oil soars 8%, and The Dow soars 400 points off its lows. The question is - what now - as Dow runs stops to Monday's cash open...