Business

In the first known case of special counsel Robert Mueller’s team asking the White House to hand over records, investigators working for Mueller - who is investigating whether President Donald Trump's 2016 campaign colluded with Russia and who last week reportedly empanelled a grand jury -  have asked the White House for documents related to former national security adviser Michael Flynn, the New York Times reported late on Friday.

US retailers just can’t catch a break.

For all the talk about a "coordinated global recovery", it may come as a surprise that 57% of the acceleration in global GDP this year has come from a handful of commodity exporters (those whose food/metals/fuel exports are > 40% of total), which together combine for just 17% of global GDP growth. A slightly different way of looking at the same data, is that 66% of the global acceleration in GDP is due entirely to emerging markets.

We've frequently warned about the myriad of potential risks arising from the massive capital flows from active to passively managed accounts which will eventually, and inevitably, wreak havoc upon the markets.  It is, in fact, this transition which is inextricably linked to the market's apparent disregard for traditional valuation metrics as it surges to all new highs with each passing day.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Just recently, the New York Post a very interesting article entitled “Millennials should start taking stocks seriously.” While I am sure the author is well-intentioned, it is a very misguided article in its assumptions.

The author jumps right in with both feet: