iPhone

• Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
• Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
• Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
• Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
• Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)
• AT&T CEO: Time Warner Deal Would ‘Disrupt’ Cable TV Model (WSJ)
• Americans Are Paying Apple Millions To Shelter Overseas Profits (BBG)

After failing miserably in their effort to elect Hillary on November 8th, Google has decided it's time to hire a "Conservative Outreach Manager."  You know your bias is deeply ingrained when you have to create a brand new "outreach" position just to figure out how to speak to people on the other side of the aisle.

Per the job listing posted to the Google Careers website, the new "Conservative Outreach Manager" would act as a "liaison to conservative, libertarian and
free market groups."

There’s a lot to be worried about going into 2017 both in terms of financial markets and in terms of geopolitical concerns.

In a sign that investor enthusiasm about the Apple "rebound" may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial "sales momentum has started fading", according to sources from Taiwan's handset supply chain.

European stocks were little changed and oil fell as investors assessed declining prospects for an OPEC deal and risks from Italy’s referendum. Asian stocks declined, while S&P futures pointed to a fractionally higher open, erasing 3 points from yesterday's drop.

Trader attention today - and tomorrow - will be focused on oil which retreated back under $47 as OPEC members failed to bridge differences on production cuts, while a rally in metals ran out of steam. The rand plunged after President Jacob Zuma survived a leadership threat.