presidential election

A little over a month ago, conventional wisdom (and overrated pundits) said that Trump has no chance of being the republican nominee. They were all wrong, but so was the market which continued to ignore the possibility of a Trump presidency until well after the fact. And, as always happens, now is when if not the market, then certainly Goldman's clients are finally trying to catch up. As Goldman strategist David Kostin (who just one week ago warned that there is now a substantial risk of a market drop ahead of the year end), writes "Politics is now a topic in every client discussion."

Authored by Claire Bernish, Op-Ed via TheAntiMedia.org,

Trump will be the next president of the United States.

Now, before you take up arms over that statement, take a minute to carefully peruse the evidence pointing to precisely such an outcome. Because - no matter your opinions concerning the maladroit, cocksure demagogue with a fondness for describing himself in the third person - it’s almost inevitable you’ll soon be calling him President Trump.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

This past week, the big news for the market was the release of the April 27th FOMC minutes which once again suggested the Federal Reserve may be on a path to hike rates sooner rather than later. The reality is simple, with the markets hovering on critical support, a Presidential election just around the corner and no real evidence of economic recovery, the likelihood of a rate hike in June is approaching zero.

Here are some key highlights from the meeting minutes:

American media has repeatedly likened GOP presumptive nominee Donald Trump to France's far-right Front-National party leader, and frontrunner in polling for the French 2017 presidential election, Marine Le Pen and while the forthright French politician has not explicitly named a "preferable" candidate for US president, her comments today suggest it is not Hillary Clinton.

Submitted by Charles Kennedy via OilPrice.com,

Falklands oil and gas producer Rockhopper Exploration Plc has announced that its net contingent oil reserves have doubled to more than 300 million barrels, and independent experts are now eyeing this as nearly billion-barrel basin.

Rockhopper owns more than 50 percent of two oilfields, Sea Lion and Isobel Elaine, which are now estimated to hold 747 million barrels of oil and gas reserves, according to the independent audit that was prepared by ERCE.