Bonds and Bullion continue to lead after this weekend's 'pre-emptive coup' in Saudi Arabia but stocks have given up their gains and the dollar is sinking once again...
Small Caps are under the most pressure for now - perhaps as hope for tax reform fade...
As HY credit signals perhaps more pain to come for small caps...
Last week, the financial world was shaken when billionaire Robert Mercer, co-CEO of RenTec which is arguably the world's most profitable and secretive hedge fund, announced he was quitting on Jan 1, 2018.
After a leaked excerpt from her new book “Hacks: The Inside Story of the Break-ins and Breakdowns That Put Donald Trump in the White House” revealed that Donna Brazile feared for her life after the murder of former DNC employee Seth Rich, Axios has reported that Brazile provides more grist for what her former political allies have dismissed as “right wing conspiracy theories” in the book’s introduction.
Nestled among the usual platitudes about thanking friends and family, Brazile dedicates her book to Rich’s memory, describing him as a close colleague and “patriot”.
Early this morning, Israeli Channel 10 news published a leaked diplomatic cable which had been sent to all Israeli ambassadors throughout the world concerning the chaotic events that unfolded over the weekend in Lebanon and Saudi Arabia, which began with Lebanese Prime Minister Saad Hariri's unexpected resignation after he was summoned to Riyadh by his Saudi-backers, and led to the Saudis announcing that Lebanon had "declared war" against the kingdom.
President Donald Trump arrived in South Korea Tuesday for his two-day visit bearing a surprisingly diplomatic message: During a press conference with his South Korean President Moon Jae-in, Trump surprised his audience by delivering a message to North Korea that was unexpectedly conciliatory.
When asked about the monthslong diplomatic standoff between the two nuclear powers, Trump said he thinks the two countries are “making progress” toward a diplomatic solution, while urging the North Korean leadership to “come to the table and make a deal."