Europe

In what, for the past seven years, has been an upside-down investing world where the opposite of what financial and economic theory - and certainly consensus - suggests should happens with centrally-planned regularity, what better trading recommendation list than one focusing on the "Costanza Trades" for the year ahead.

Conveniently, that's what RBC's Mark Orsley has put together, so for those who know what the right trade is, and need just that little bit of confidence push to do the opposite, here it is...

2017 Costanza Trades

The market was waiting for the DOJ to announce the long-awaited settlement with Deutsche Bank today. Instead, it got news of a surprise lawsuit filed by the DOJ which sued Barclays after failing to settle a long-running probe into the UK bank's involvement in pre-crisis mortgage fraud. Deutsche Bank and Credit Suisse are in settlement negotiations with the DOJ over similar claims.

Submitted by Simon Black via SovereignMan.com,

In the late 1400s, the city-states of Italy were among most dominant powers in the world.

Most of the city-states had abandoned the feudal system that persisted across Europe.

So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy.

People could start businesses and own private property– revolutionary concepts in the 1400s.

By EconMatters

There are a lot of concerns out there that has the market terrified, investors are just hoping like hell they don`t lose money before the year is out because they can`t sell due to tax costs. Forget the Market Pullback, we may have a market crash in 2017 if Trump starts a Trade War with China!

Italy has now joined the “bail-in” crowd.

Monte dei Paschi di Siena is to be rescued by the Italian state using a new €20bn bailout package, as a last-gasp private sector rescue plan for the world’s oldest bank looked set to fail, forcing losses on bondholders.

The government rescue, which had long been resisted in Rome, is designed to draw a line under the slow-burn crisis in Italian banking that has alarmed investors and become the main source of concern for European financial regulators.

            Source: Financial Times