"There Were No Calls, That’s Absolutely Crazy": How The Stock Market Died
Something unexpected happened on the market's relentless trek to all time highs: the market died.
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S&P
Healthcare Stocks Slide After Trump Says "Drug Prices Out Of Control"
Another day, another Trump soundbite to bring the algos out of hibernation. Moments ago the commented on tax and welfare reform, stating that "some people are taking advantage of the system while others are not receiving enough to live."
Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes
World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in the green, as both European and Asian stocks are higher.
Bitcoin Rips, Banks Dip As Fed Crushes Yield Curve To 10-Year Flats
The yield curve collapse means nothing...
Don't sweat it...
What Wall Of Worry? Goldman Finds Investors Are "Unusually Bullish"
One month after Goldman's proprietary crash indicator rose to 67%, the highest level since the financial crisis and dot com bubble, and suggesting a crash may be imminent, stocks continue to hit new all time highs, stumping anyone who still believes there is such a thing as an efficient market.