From one of the biggest cheerleaders of the stock market, in recent months Jamie Dimon's JPM has undergone a dramatic anti-Hugh Hendrian metamorphosis, turning increasingly more skeptical on further risk asset upside and as of one month ago, pulled the plug on its former cheerful nature when in early March it announced it had gone Underweight stocks "for the very first time this cycle."
The stock surge from February is at risk, warns BofAML's Stephen Suttmeier as a plethora of bearish divergences could cap further gains from here. 2044-2022 are key nearby S&P 500 support for April, but a loss of 2022 is required to break the last higher low from 3/24 and suggest a deeper decline for the S&P 500. The following 15 risk-factors - from VIX term structure steepness to Dow Theory Sell signals - all point to a retest of the recent 1810-1820 lows.
Bernie Sanders has called for a more “balanced” US Middle East policy, describing Israel’s war in the Gaza Strip in 2014 as “disproportionate.” In an interview with CNN’s Jake Tapper, the US Democratic presidential candidate said :“Was Israel’s response disproportionate? I think it was” adding “I think that we will not succeed to ever bring peace into that region unless we also treat the Palestinians with dignity and respect, and that is my view” Press TV reports: In early July 2014, Israel waged a war on the Gaza Strip.
Supporters of destabilizing regime change can’t accept responsibility for the chaos they help create:
Both Obama and then Secretary of State Hillary Clinton continue to argue that it wasn’t the removal of Gaddafi that caused the chaos, but rather the failure to prop up a stable government in the days following. An ISIS affiliate has since gained a foothold in the country, and the U.S. has carried out airstrikes against “ISIS camps” as recently as February.
Hot on the heels of Wells Fargo's $1.2 billion settlement, Bloomberg reports that Goldman Sachs will pay $5.1 billion to settle a U.S. probe into its handling of mortgage-backed securities involving allegations that loans weren’t properly vetted before being sold to investors as high-quality bonds.