Business

• Punxsutawney Phil Does Not see shadow, signifying an early spring (CBS)
• Front-Runners Give Ground as Rivals Make Mark in Iowa (WSJ)
• Republican Cruz bests Trump in Iowa race, Clinton edges out Sanders (Reuters)
• Iowa Narrows the Field (BBG)
• Global stocks snap winning streak as oil pressure returns (Reuters)
• ‘Dark Pool’ Settlements Bring Tangled Relationships to Light (WSJ)
• BP Shares Plunge on Steep Loss Amid Oil Price Slide (WSJ)
• UBS Shares Tank on Wealth-Management Performance (WSJ)

It certainly does feel like groundhog day today because while last week's near record oil surge is long forgotten, and one can debate the impact the result of last night's Iowa primary which saw Trump disappoint to an ascendant Ted Cruz while Hillary and Bernie were practically tied, one thing is certain: today's continued decline in crude, which has seen Brent and WTI both tumble by over 3% has once again pushed global stocks and US equity futures lower, offsetting the euphoria from last night's earnings beat by Google which made Alphabet the largest company in th

Moments after the "disestablishment" Ted Cruz (even if Goldman may have a lien or two on said disestablishmentarianism), was announced to be the winner of the Iowa Caucus, a most unexpected commentator appeared among the flood of the otherwise traditional Twitter noise with what can only be classified as the pinnacle of polarizing political commentary.

By EconMatters

There was a lot of profit taking on Monday in the oil market. Will we still finish the week higher after such a slow start to the trading week? Well we did last week, so it is not entirely impossible. Just another day trading in the oil markets. Actually pretty standard price action for a Monday.

https://www.youtube.com/watch?v=-6nzSMmoFSg

Two months ago, we observed the record plunge in Hong Kong home sales when according to Land Registry data, a paltry 2,826 registered residential transactions were record, down 14.4% from October and what we thought was an amazing 41.7% less than in November last year. This was the lowest print in the history of the series.

Little did we know just how bad it would get just two months later.