A day after China confronted a US warship that came within 12 miles of one of China's artificial reefs in the South China Sea, Reuters is reporting that Beijing decided to respond by sending two Chinese fighter jets to intercept a US military surveillance plane near Hong Kong, with one plane coming within 200 yards of the American aircraft.
Authored by Stephen McBride via MauldinEconomics.com,
“I’m telling you right now, the US is going to have a crash and it will be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment Conference.
In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital Management, outlined where he sees the biggest opportunities and risks for investors are today.
Bitcoin has rebounded to $2600 this morning (after touching $2200 late yesterday, and $2760 highs yesterday) as Korean prices and US prices are converging (Korbit still trading at around $3200)
Bitcoin is trading around $2600 on US exchanges...
And $3200 on Korea's Korbit...
A day after Trump stunned his fellow NATO leaders, shoving one of them out of the way for a photo-op and demanding that they "must do more" to offset defense costs which are mostly borne by the US, Trump lobbed another bomb at the European center-right consensus by renewing his attacks on the German auto industry during a closed door meeting with two high-ranking European Union officials, according to a report in German magazine Der Spiegel, that was picked up by Bloomberg and CNBC.
S&P futures were fractionally lower from yesterday's record high as European stocks declined and Asian stocks were mixed, pressured by yesterday's 5% plunge in crude after OPEC unexpectedly "failed to surprise" markets, and announced the bare minimum supply cut extension that was expected by oil traders, who in turn puked long positions.