Over the past 10 years the number of Bloomberg terminal subscriptions have soared nearly 50% as the number of 30-somethng hedge fund managers looking to strike it rich by charging 'yuge' fees to match the returns of the S&P also skyrocketed.
European, Asian stocks have rebounded as investor anxiety over Trump economic policy and US tax reform eased following yesterday's remarkable comeback in the US market. S&P futures point to a slightly higher open, with oil higher and the dollar rebounding off fout month lows. It is a relatively quiet day in the US with the economic calendar focusing on wholesale inventories, consumer confidence and the Case-Shiller index.
Authored by Vincenzo Scarpetta via Open Europe,
As UK Prime Minister Theresa May prepares to trigger the Article 50 EU exit mechanism on Wednesday, Open Europe has published a new report, entitled, ‘Nothing to declare: A plan for UK-EU trade outside the Customs Union.’
In what is emerging as the latest headache for Donald Trump, a state-run Russian bank which has been under U.S. economic sanctions since 2014 disclosed on Monday that its executives had met Jared Kushner, Trump's son-in-law and key policy adviser, during the 2016 election campaign. As reported previously, Kushner has been asked to discuss the contact, and a meeting during the same period with the Russian ambassador, with a Senate committee probing Russia’s alleged interference in the 2016 election.
Don't play...
The BTFD'ers were back early on, but once the S&P got within a tick of green, shortly after Europe closed, things stalled, only to ramp again in the last hour, pushing S&P into the green, but that was it...