Weapons Headed To Libya: Hillary's Interventionist Disaster Continues To Spiral Out Of Control
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
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The "Longest Uninterrupted Smart Money Selling Streak In History" Extends To 16 Weeks
Last night, following 15 consecutive weeks of client selling, we asked - rhetorically - if today the selling by BofA's smart money clients would stretch to a new record 16 consecutive weeks.
Will it be a record 16 consecutive weeks of smart money outflows? Find out tomorrow
— zerohedge (@zerohedge) May 17, 2016
Earlier today we received the BofA update, as well as the answer: a resounding yes.
Here is BofA:
Futures Fizzle After Oil Fades Bounce Above $48
It has been more of the same overnight, as global stocks piggybacked on the strong US close and rose despite the lack of good (or bad) macro news, propelled higher by the two usual suspects: a higher USDJPY and a even higher oil, if mostly early on in the trading session.
Yes, the oil squeeze higher continues, and as the charts below courtesy of Andy Critchlow show, Brent is now 82% higher in the past 82 days...
... while crude has had its strongest rally since 2010.
America's Age Of Impunity
Authored by Jeffrey Sachs, originally posted at The Boston Globe,
Washington "Promotes Regional Stability" With War Games In Russia's Back Yard
Around 350 troops from six countries (US, UK, Bulgaria, Moldova, Romania, and Serbia) are taking part in a military drill entitled 'Platinum Eagle 16.1', which is scheduled to conclude today according to RT.
The exercise comes less than a week after the US launched its European missile defense system in Romania, much to the ire of Russia.