Those algos who scrambled to paint yesterday's closing tape with that last second VIX slam sending the S&P back over 2,000, forgot one thing - the same thing that China also ignored - central bankers can not print trade, something we have repeated since 2011.
In the aftermath of last week's disappointing G-20 Shanghai summit, there was much riding on this weekend's start of the China's People's Congress, and specifically what if any stimulus announcement Beijing will make; sadly for stimulus addicts China mostly disappointed and after the unimaginative scope of growth proposals, it is hardly surprising that European stocks and US equity futures have taken a leg lower, even if Chinese stocks rose and certain commodities such as Iron Ore soared overnight on hopes China will either "rationalize" capacity or at least build some more roads to nowhere
Covering politics in Jacksonville, the largest city in the country led by a GOP mayor, I’ve had a unique perspective on presidential politics in the Sunshine State this cycle.
Mayor Lenny Curry was elected for many reasons, but one of them was that in early 2015, he was able to trumpet endorsements from Jeb Bush and Marco Rubio.
This was in the pre-Trump era, when Bush was considered the presumptive frontrunner, and Rubio was in the conversation.
It was a primary "Super Saturday" of surprises for the presidential candidates after Bernie Sanders took two of three contested states in the Democratic race, winning the caucuses of Nebraska and Kansas leaving Hillary the only Democratic primary of the night in Louisiana, while in the Republican race Ted Cruz unexpectedly tied with Donald Trump, winning the smaller half of the night's four nominating contests, in Kansas - where Trump had been leading in the polls - and Maine, while the Donald won the bigger states of Louisiana and Kentucky, holding onto his lead in the presidential race ev
Only in America's so-called democracy could a proven "loser" so vehemently and shamelessly condemn a current "winner" with the goal of overturning 'we, the people's' prospective leader in favor of himself. In the latest (and most desperate) action from the neocon establishment, CNN reports Romney has instructed his closest advisers to explore the possibility of stopping Donald Trump at the Republican National Convention (by revising rules for instance).