McKay Coppins reports on Paul Ryan’s willingness to hew to the party line:
But those who expected Ryan’s ideological conviction to compel an audacious war against his own party’s presidential nominee misunderstood him. He has not gotten to where he is by making trouble. He is, at his core, a good soldier.
If the US presidential election has devolved into a comical soundbite free-for-fall, then the UK has its hands full with Brexit, and how the two opposing camps are approaching the UK's vote to exit the Eurozone on June 23.
Following a recent vocal critique by Mark Cuban of the state of the 2016 presidential election, the billionaire owner of the Dallas Mavericks said that Anti-Trump Republicans courted him to run for president in a third-party bid, according to a WaPo report. Cuban, who rejected the advances, nonetheless expressed confidence about his ability to take on the presumptive GOP nominee in an election.
After recent (and in some cases very dramatic) bearish conversions by the likes of JPM, BofA, Citi and UBS, the only bank that steadfastly held a bullish view on stocks during the recent market squeeze higher was Goldman Sachs.
Not any more.
On Thursday, Goldman strategist David Kostin appeared on CNBC, where he too join the bearish crowd and said that based on the threat of margin collapse ("35 out of 53 tech companies had margin declines") and record-high stock valuations this year, it's time to play defense in "a tough market."