Federal prosecutors are seeking a gag order against former Pharmaceutical CEO Martin Shkreli, claiming that he risks tainting jurors’ opinions by waging his own publicity campaign independent of the advice of his defense counsel, according to Fox News.
Authored by Adam Taggart via PeakProsperity.com,
Any sense of prosperity in today's economy is based on a falsehood, claims Steve St. Angelo, proprietor of the SRSrocco Report website.
High valuations and low volatility don’t reflect the level of economic growth nor the geopolitical uncertainty facing the market, the Autorité des Marchés Financiers says in a mid-year report on main risks to global markets. While stock markets have shown resiliency, the French regulator warns of the "systemic threat" fromn a "sharp market correction."
As AMF continues... Equity market volatility therefore now appears to be decorrelated from political uncertainty indexes...
After a three day state of emergency and government shutdown, on Tuesday morning New Jersey Gov. Chris Christie signed a compromise budget bill ending the state shutdown that became an embarrassment for the outgoing governor when he was photographed lounging on a beach that had been closed to the public for the holiday weekend.
In his latest note, Citi's Jeremy Hale shows something troubling to all those, such as Bloomberg, who point to yesterday's ISM manufacturing sentiment indicator (while ignoring the rapidly slowing PMI) as indication of more upside left in the economy: according to the Citi cross-asset strategist the bank's NISI Index (news implied sentiment indicator, Figure 1), has plunged sharply into bearish territory in the latest print, to its lowest level in 18 months, since January 2016.