Via Craft.co,
Since 1955, Fortune Magazine has released an annual list of the highest revenue generating companies in the US – the Fortune 500. In 2016, the US Fortune 500 companies generated $12 trillion in combined revenue, accounting for over two-thirds of US GDP, and employed 27 million people worldwide.
Following weeks of utter comaplcency, there are signs that investors are beginning to hedge for potential U.S. stock swings around France’s presidential ballot.
As Bloomberg writes, futures on the CBOE Volatility Index
expiring in the next month are now trading around the same level as
contracts maturing a month later.
In fact the VIX term structure briefly inverted on Monday...
With stocks blasting off the moment today's stellar ADP report hit (even if subsequent PMI and ISM soft data roundly refuted the highest surge in private payrolls in over two years), pushed higher by the momentum ignition in USDJPY, some traders have declared today the day the reflation trade has (again) come back.
With Trump set for his most important meeting with a foreign leader tomorrow,, when he will meet China's president Xi Jinping at Mar-A-Lago, Goldman's Alec Philips lays out the agenda for what to expect and key deliverables from tomorrow's meeting.
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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold
Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)