In a trend observed every day this week, S&P futures are slightly in the red ahead of a post-open ramp with the VIX rising to 9.91, as Asian shares climb, European stocks are little changed. WTI crude pares recent gains, slipping below $51 after API showed an unexpected crude build. Earnings season launches with bank earnings reports from JPMorgan and Citigroup, while Economic data include PPI figures, jobless claims.
US intelligence agencies are claiming that the Russian government leveraged the popularity of Kaspersky Labs’ cybersecurity software to create what is tantamount to a global spy network with the company’s explicit cooperation. However, Germany’s intelligence agencies say they’ve found “no evidence” to suggest these reports are true.
Authored by Mike Krieger via Liberty Blitzkrieg blog,
WAR is a racket. It always has been.
It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.
Scientists from the US Geological Survey who breezily informed the public that there’s “nothing to worry about” with regards to the Yellowstone caldera, a supervolcano that should it erupt could cause potentially hundreds of thousands of deaths, should be eating their words.
Jim Grant, author of Grant's Interest Rate Observer, first hinted last week that not all is well when it comes to the world's biggest hedge fund, Ray Dalio's $160 billion Bridgewater (of which one half is the world's biggest risk-parity juggernaut). Speaking to Bloomberg last week, Grant said he was "bearish" on Bridgewater because founder Dalio has become "less focused on investing, while the firm lacks transparency and has produced lackluster returns."