Spain's, Planes, & Automobiles Soar As Small Caps Rebound To Another New High
Just relax...
As Bloomberg noted, stocks and bonds managed gains despite talk that tax reform may face insurmountable hurdles in the U.S. Senate.
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Europe
Kolanovic: "This Is What The Next Crisis Will Look Like"
There are two distinct parts to the latest, just released research note from JPM's quant "wizard" Marko Kolanovic.
Russia Does Not Exclude Possibility Of War With NATO
Just days after the conclusion of Russia's largest military exercise ever (which US military chiefs believe broke 'observer rules') and NATO's massive war games, Pravda reports a recent Russian Defense Ministry report says that Russia is preparing for the possibility of a military conflict with NATO countries.
Global Stocks Hit Fresh Record High As Dollar Rally Fizzles
It's deja vu all over again.
In a repeat of yesterday's session, where US equities and the dollar levitated in a one-way trade, Tuesday's muted session - where in addition to closed China and South Korean markets, Germany's Dax is also shut for holiday - has seen early dollar and European equity strength, while the S&P is set for new record highs amid higher E-minis and a VIX that is again lower after 5 consecutive days of declines.
Art Cashin: "I've Never Seen Anything Like Today's Market Before"
Market veteran Art Cashin, the head of NYSE floor operations for UBS, made an interesting observation earlier today just minutes before the close, as US stocks headed for another record finish after shrugging off the worst mass shooting in US history.
Asked by CNBC’s Kelly Evans to explain how US stocks have continued to outperform while the 10-year Treasury yield has remained anchored below 2.5%, Cashin acknowledged that, during a career that's spanned more than six decades, he's never seen anything like today's market.