United States

Earlier we showed that when looking at asset returns in the first quarter, there were hardly any underperformers while positive returns were generous across virtuall all asset classes. What drove this outsized performance, which once again left most hedge funds and asset managers seeking to generate alpha in the dust? The answer: a continuation of the capital reallocation euphoria launched with the Trump election in November, which continued for the second consecutive quarter.

After a stellar quarter for US equities, stocks have unexpectedly slumped on the first day of Q2 despite "whispers" of pent upmutual fund reallocation into risk assets that would take place today.

Once again it appears that Trump was right: the conspiracy theory that a close Obama associate worked to "unmask" the Trump team, resulting in the ongoing media spectacle over "collusion" between Trump and the Kremlin, has been confirmed, first by Mike Cernovich, and now by Bloomberg itself.

Submitted by Gordon T. Long of MATASII

SELF INFLICTED ABUSE

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Trudeau to Trump: Drop Dead! (Implications for Gold)

Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)

Forty years ago, the Daily News published its famous Ford to City: Drop Dead headline, which dealt with President Gerald Ford’s response to a New York City handout request.