Perhaps some of the disaffected Hollywood elites who threatened to leave the country after Hillary's staggering 2016 election loss have actually followed through on their childish temper tantrums after all...
According to a Bloomberg note today, a record 6,800 Americans are expected to renounce their citizenship in 2017, a 26% increase YoY and nearly 7x the pace set just 5 years ago.
Earlier this morning House Judiciary Committee representative Matt Gaetz (R-FL) submitted a resolution calling for Robert Mueller to resign as special counsel overseeing the FBI investigation of possible collusion between the Trump campaign and the Russian government saying, among other things, that the former FBI director is "hopelessly compromised" as a result of his failed oversight of the controversial Uranium One transaction. Here is an excerpt from a press release posted to Gaetz's website earlier today:
One day after Broadcom surprised markets, and the US public, when the $100 billion Singapore company announced it would legally relocated to the US, Bloomberg and the WSJ report that Broadcom is considering a $100 billion deal for Qualcomm. The two are linked.
The Pentagon’s gradually escalating combat mission in Somalia reached another important milestone Friday - one of many that have occurred since the inauguration of President Donald Trump - when the military revealed that it had carried out the first airstrikes against Islamic State-linked fighters in Somalia.
Authored by James Rickards via The Daily Reckoning,
Market crashes often happen not when everyone is worried about them, but when no one is worried about them.
Complacency and overconfidence are good leading indicators of an overvalued market set for a correction or worse. Prominent magazine covers are notorious for declaring a boundless bull market right at the top just before a crash or correction.