Europe

The currency markets are signalling that a massive shift might be about to happen.

According to a Bank of America/ Merrill Lynch fund manager survey, the US Dollar ($USD) is the single most crowded trade on the planet.

In a fiat world, the value of a given currency is based on where it trades relative to other currencies. In the case of the $USD, the Euro comprises 56% of the basket of currencies against which the $USD is valued.

Put another way, whatever happens to the Euro will effectively trigger an inverse reaction in the $USD.

The month of February was a mixed to positive among a broad sample of assets.

Via George Friedman and Jacob Shapiro of MauldinEconomics.com,

On Wednesday, Jean-Claude Juncker's European Commission released a "White Paper On the Future Of Europe" which comes at a time of extensive tensions with the departing UK, and which lays out what Juncker believe are the "main challenges and opportunities for Europe in
the coming decade." It presents five scenarios for how the Union could

Earlier today, the world's biggest fast food retailer spooked its investors when it briefly halted trading in its stock ahead of its annual investor day. However, instead of some dramatic M&A deal revelation, McDonalds had a far less exciting announcement: it had decided to go back to basis in an attempt to recover some 500 million U.S. orders it had lost over the past five years to competition as a result of failed attempts to widen its customer base.