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Copper Slides To Three Month Low Despite Flat Futures, Oil; Dollar Rise Continues

Copper Slides To Three Month Low Despite Flat Futures, Oil; Dollar Rise Continues

After two violently volatile days in which the market soared (Monday) then promptly retraced all gains (Tuesday), the overnight session has been relatively calm with futures and oil both unchanged even as the BBG dollar index rose to the highest level since April 4. This took place despite a substantial amount of macro data from both Japan, where the GDP came well above the expected 0.3%, instead printing 1.7% annualized, which pushed stocks lower as it meant the probability of more BOJ interventions or a delay of the sales tax hike both dropped.

Will Ben Sasse Challenge Trump?

Ben Sasse is the man of the hour. On this first-term Republican senator from Nebraska lie the hopes of conservatives opposed to presumptive GOP nominee Donald Trump.

Conservative columnists beg him to run for president. Erick Erickson, arguably the right’s best-known blogger, calls him a hero and “the voice of intellectual conservatives in the United States.”

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