Europe

Millions of investors cried out today...

"Pause that refreshes" or "Time to panic"?

In the immortal words of Chuck Schumer: "Get back to work Mr. President..."

From the S&P to Switzerland, and from China to The CAC - global equity markets are in the red this morning, just a day after Treasury Secretary Mnuchin told the world that Trump's presidency was a 'mark to market' administration.

Europe extends yesterday's weakness...

Still a long way to go yet...

Are US banks about to play catch down?

Who's right? Bonds or Utility Stocks?

In his latest note this morning, DB's Jim Reid admits that "I've no idea why Bunds are rallying so hard at the moment." That said, he does attempt to provide some reasons noting that 10y yields (-4.7bps) hit 0.228% yesterday, down from their YTD peak of 0.495% intraday on the 26th of January. 2y yields also closed another -3.0bps lower yesterday at -0.932%. They traded as ‘high’ as -0.648% back on the same day.

The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.

Submitted by Daniel Mitchell via The Foundation for Economic Education,

Early last month, in a column on my hopes and fears for 2017, I fretted about fiscal chaos in Italy leading to default and bailouts.

Simply stated, I fear that Italy, along with certain other “Club Med” nations, has passed the point of no return in terms of big government, demographic decline, and societal dependency.

And this means that, sooner or later, the proverbial wheels are going to fall off the bus. And it might be sooner.