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Frontrunning: May 19

  • Fed Puts June Rate Increase on Table Provided Economy Says Go (BBG)
  • European shares drop as mining stocks weaken, airlines fall (Reuters)
  • Oil drops below $48 on Fed hike speculation, fading support from outages (Reuters)
  • Violent Struggle Over Oil and Money Rattles Global Energy Market (BBG)
  • Bayer Proposes to Acquire Monsanto (WSJ)
  • How Wall Street Led LendingClub Into Crisis (BBG)
  • Fewer Shareholders Pay U.S. Taxes on Dividends (WSJ)
  • Turkey to miss end-June deadline for EU visa-free travel (Reuters)

Global Stocks Slide, S&P Set To Open Red For The Year As Hawkish Fed Ignites "Risk Off"

Global Stocks Slide, S&P Set To Open Red For The Year As Hawkish Fed Ignites "Risk Off"

After yesterday's algo-driven mad dash to close the S&P green both for the day and for the year following Fed minutes that came in shocking hawkish, the selling has continued overnight, led by the commodity complex as rate hike fears have pushed oil back down some 2% from yesterday's 7 month highs, which in turn has dragged global stocks lower to a six-week low, while pushing bond yields higher across developed nations as the market suddenly reprices the probability of a June/July rate hike.

Is The Army Preparing For A Major Deployment: Orders 177,000 Bulletproof Armor Plates

Is The Army Preparing For A Major Deployment: Orders 177,000 Bulletproof Armor Plates

Traditionally, the best way to keep track of future military deployments - absent unexpected events, of course - has been to follow key procurement contracts from the U.S. Department of Defense of mission critical offensive wartime equipment such as weapons and ammo, or, less followed, core defensive components such as kevlar, body armor and other forms of core personal protective gear. These usually take place shortly prior to major "events" involving US armed forces.

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