House Intelligence Committee Chairman Devin Nunes has been repeatedly stymied in his efforts to compel the FBI to turn over documents that would help him ascertain how much of the Trump dossier has been verified by the intelligence community, and what role that information played in launching the DOJ’s investigation into possible collusion between the Trump campaign and the Russian government.
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
According to Hyman Minsky, economic stability is not only inevitably followed by instability, it inevitably creates it. Complacent humans being what they are. If he’s right, and would anyone dare doubt it, we’re in for that mushroom cloud on the financial horizon. We know that because market volatility, as measured for instance by the VIX, the Chicago Board Options Exchange (CBOE)’s volatility index, is scraping the depths of the Mariana trench.
Authored by Lance Roberts via RealInvestmentAdvice.com,
Melt-Up Gains Traction
Back in November, just following the election of President Trump, I wrote about the market entering into potentially the final “melt-up” phase of the cyclical bull market.
Via StockBoardAsset.com,
Back in June, President Trump used Twitter to officially announce America’s urban crisis.
He hit the ground running calling out the death and destruction in Chicago.
Trump made it clear that he was “sending in Federal help” to contain the dying city.
Crime and killings in Chicago have reached such epidemic proportions that I am sending in Federal help. 1714 shootings in Chicago this year!
Via LPLResearch.com,
There have only been eight moves of at least 1% for the S&P 500 Index so far this year - the least since 13 in 1995. The all-time record was an incredible three in 1963.
What about a big move? The last time the S&P 500 moved at least 4% was nearly six years ago.