Business

Yesterday's dramatic "rotational" divergence between tech stocks and the rest of the market, which as Sentiment Trader pointed out the only time in history when the Dow Jones closed at a new all time high while the Nasdaq dropped 2% was on April 14, 1999, stunned many and prompted Bloomberg to write that "a crack has finally formed in the foundation of the U.S. bull market. Now investors must decide if any structural damage has been done."

As if things weren't bad enough for America's mall owners, what with the having to filling their retail space with high schools, grocers and churches, it seems that retailers have grown so uncertain about the future of these 1980s relics that they're only willing to sign 1-2 leases these days.

As Bloomberg points out this morning, leases renewals used to be 5-10 years in length but are increasingly only being signed with 1-2 year terms.  Meanwhile, thousands of stores are closing each year and it's only expected to get worse over time.

A few days ago we noted that DB allegedly requested more time to comply with a letter drafted by the infamous Maxine Waters of the House Financial Services Committee demanding information from on a Russian money laundering scheme and loans made to Trump's businesses while he was a private citizen.  Without providing any evidence or basis for her request, Waters seemingly attempted to link Trump to the "Russian Mirror Trading Scandal" and also asked for info on whether Russia "guaranteed" $300 million of loans made to Trump's real interests in the Doral Golf resort in Florida, a Washington D

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Without Glass-Steagall America Will Fail

Paul Craig Roberts

U.S. companies (other than Amazon) that depend on consumers' discretionary income are at their weakest 'since Lehman'.