S&P 500

Reflecting on today's market action, Richard Breslow, a former FX trader and fund manager who writes for Bloomberg, notes the consequences just don't fit the crime. We need to be careful not to use up all of our hyperboles to describe how much global markets have reacted to the mess in Washington. We should save the best ones for when we really need them. Have prices moved on the news? Absolutely. It is the biggest story out there after all. But crashed, ripped, panicked? No.

Authored by Goldbroker.com's Helder Mello Guimares via Acting-Man.com,

Chugging along in Nosebleed Territory

Last Friday, both the S&P 500 and the Nasdaq composite indexes closed at record highs in the US, with the Dow Jones Industrial Average only a whisker away from its peak set in March. What has often been called the “most hated bull market in history” thus far continues  to chug along in defiance of its detractors.

A risk-off mood dominated the overnight session amid growing concern over the turmoil engulfing the Trump administration, as fresh allegations add to deepening political scandals in Washington, the latest coming from Tuesday's NYT report citing former FBI director Comey’s memo which raises possibility of obstruction of justice, an impeachable offense. The dollar, already in retreat after a report that the U.S.

Anyone get the feeling we are at 45 seconds into this clip?

Authored by Soren K. Group for Marketslant

Ray Dalio, Owner of the worlds largest hedge fund, Bridgewater Associates located in CT, made $1 billion last year. This is down from the $5 billion he made the year before. 

from Matt Levine's Money Stuff