Is it going to be another May 17, when US stocks tumbled as concerns of a Trump impeachment over obstruction of justice and impeachment surged ahead of Comey's tetimony?
Overnight, S&P500 futures accelerated their decline following yesterday's WaPo report that Special Counsel Mueller has launched a probe into potential obstruction of justice by Trump...
Authored by Giulio Meotti via The Gatestone Institute,
Authored by Michael Snyder via The Economic Collapse blog,
Not even during the worst parts of the last recession did things ever get this bad for the U.S. retail industry.
The U.S. Senate on Wednesday approved new sanctions to punish Russia for "meddling" in the 2016 election.
The bipartisan legislation, which passed with an overwhelming 97-2 vote, slaps new sanctions on Russia and restricts President Trump from easing them in the future without first receiving congressional approval. The only two senators to vote against the measure were Sens. Mike Lee (R-UT) and Rand Paul (R-KY), while Chris Van Hollen (D-Maryland) abstained.
Disappointing inflation and retail sales data has sparked a surge in safe-haven demand for bonds and bullion, and left stocks confused this morning ahead of The Fed statement and press conference this afternoon...
A disastrous morning for US macro data - and yet we are assured by The Fed that a hike is overdue and everything is awesome...
It's not!
Gold and Bonds are well bid...
Pushing 10Y yield to its lowest since Nov 10th...
And Nasdaq jumped on the dovish-inspiring data dump...