Human Interest

As RBC's head of cross asset strategy remarked yesterday, a key validation of whether the reflation trade may be coming back, was the market's response to today's 5-Year TIPS auction, which priced at 1pm.

So those looking for confirmation that the reflation trade has at least another life left in it, will be glad to know that today $16.0 billion 5-year TIPS auction this afternoon went especially well, in line with all of last year's TIPS auctions, and the cherry on top was a record buyside takedown suggesting that at least for now, bidders believe that reflationary forces remain.

Three days ago Arconic's CEO Klaus Kleinfeld was fired unceremoniously for "showing poor judgment," in a letter sent to Paul Singer, founder of hedge fund Elliott Management. Elliott has just released the letter and its response which claims Kleinfeld made "veiled suggestions that he might intimidate or extort Mr. Singer" over his behavior at a 2006 soccer match... involving "singing in the rain... in a fountain" and an indian head-dress.

Mr Kleinfeld wrote...

Two months ago, Bloomberg's Patrick Clark penned an article that promptly went viral as it touched on a rather unorthodox topic: a pet leasing, or rather rental, company aimed at subprime borrowers who could not afford to buy their pet outright.

The company in question is Wags Lending, a/k/a Bristlecone, was founded by Dusty Wunderlich in 2003. A brief background from the original BBG piece:

While it is hardly the last thing Bill O'Reilly will say on the matter, in his parting statement over his Fox News termination, O'Reilly slams the decision by Murdoch to terminate him, saying "It is tremendously disheartening that we part ways due to completely unfounded claims" he leaves on a high note, saying "I wish only the best for Fox News Channel."

Statement from Bill O'Reilly

 

According to a new book, Hillary Clinton said that the 2016 presidential election was her "last race" after it became apparent she lost.

The Hill's Amie Parnes and Sidewire's Jonathan Allen write in "Shattered: Inside Hillary Clinton's Doomed Campaign" that on the night of the 2016 election, the former Democratic presidential nominee looked through the draft of her concession speech.

“Look, I really just want to concede gracefully, wish him the best, thank everybody, and get off the stage,” she said.