Business

In what is the biggest financial news of the day, with "Triple Threat Thursday" now downgraded to Single, outlook negative, moments ago Bloomberg reported that JPM COO, and former chair of perhaps the most important advisory committee at the US Treasury, the TBAC, or Treasury Borrowing Advisory Committee, Matt Zames who was viewed as a potential successor to CEO Jamie Dimon, is leaving after 13 years at the bank.

“Matt has worked tirelessly across many disciplines to help make us a better company,” Dimon, 61, said Thursday in a memo to staff.

In the Fed's latest Flow of Funds report, today the Fed released the latest snapshot of the US "household" sector as of March 31, 2017.

Authored by Lance Roberts via RealInvestmentAdvice.com,

The “Bond Bears” just can’t seem to catch a break. 

We continue to see articles and comments in the financial media proclaiming that stocks are not in a bubble.

The people claiming this are either delusional or intentionally lying.

Most people would argue that Warren Buffett knows a thing or two about investing. He’s possibly the single most famous investor of all time and is widely thought to be one of the greatest, if not THE greatest investor in history.

Having crashed one month ago on abysmal numbers and ugly guidance, resulting in an even greater pile up of shorts in the luxury retailer, which most recently reportedly over 22% of the float was short, moments ago a million shorts cried out in terror and were suddenly silenced when Nordstrom announced it was exploring a going private transaction by the Nordstrom Family, sending the stock soaring over 20%.