Via ConvergEx's Nicholas Colas,
It’s great when a plan comes together.
The recipe for not just today’s rally but the whole move since Election Day is easy. Take one part new Administration with expansive plans to boost the US economy. Add in 2 measures of a Federal Reserve confident enough in existing macro growth to boost interest rates. Add a dollop of money flows.
Authored by Michael Snyder via The Economic Collapse blog,
Senator Mike Lee (R-UT) and a group of his colleagues are calling on the newly appointed Secretary of State Rex Tillerson to immediately investigate how US taxpayer funds are being used by the State Department and the United States Agency for International Development (USAID) to support Soros-backed, leftist political groups in several Eastern European countries including Macedonia and Albania. According to the letter, potentially millions of taxpayer dollars are being funneled through USAID to Soros' Open Society Foundations with the explicit goal of pushing his progressive agenda.
First Goldman, then RBC, and now JPM's top quant.
One month after JPM's head quant Marko Kolanovic warned that volatility is about to return and could lead to "accidents", the market timer also called "Gandalf" elsewhere for his prognosticative skills is out with a fresh warning, predicting "market weakness in the near-term" adding that he is cautious and urging clients to hedge equities.
From Nuisance to Threat: The High Cost of Truth
Paul Craig Roberts
When one gives so much scarce time and energy from one’s life to a large and unknown public, one needs to know that it is sufficiently appreciated to be a worthwhile use of one’s time and energy. This is especially the case when there are large costs associated with the commitment.
Your response to my quarterly request for donations showed me that enough of you value what I am doing to justify its continuation.