European bourses advance and Asian share rose led by a surge in Hong Kong stocks which rose the most in three months as Japan hit 15 month highs. U.S. futures are little changed along while the dollar rebounded from session lows after Friday's selloff. Crude oil has continued its retreat, down 0.2% and sliding for a 6th straight day after breifly dropping below $48 in overnight trading.
Via The Saker,
In all the political drama taking place in the USA as a result of the attempted color revolution against Trump, the bigger picture sometimes gets forgotten. And yet, this bigger picture is quite amazing, because if we look at it we will see irrefutable signs that the Empire in engaged in some bizarre slow motion of seppuku and the only mystery left is who, or what, will serve as the Empire’s kaishakunin (assuming there will be one).
Authored by Gregory Clark via The Strategic Culture Foundation,
The U.S. spy community - those nice people who told us they were certain the Iraq of President Saddam Hussein was holding weapons of mass destruction - have now made it known they are certain the Russian ambassador to the United States is Moscow’s top spy. But these people, even if they do not know much about WMD, must know what a top spy does. They do it themselves.
Any hopes for an early rebound in oil following last week's torrid plunge in WTI and Brent appear to be dashed, at least at the open, when WTI promptly tumbled below $48/barrel.
While there have been no materal adverse catalysts over the weekend, three factors are being mentioned by Sunday night trading desks as drivers behind the latest seloff.
First: price momentum has simply persisted from the Friday US selloff, as Asian funds catch up to the US action.
Authored by Michael Snyder via The Economic Collapse blog,