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Stocks Tumble To ;Gary Cohn; Lows – Give Up Overnight Gains

By   /  September 8, 2017  /  Zerohedge  /  No Comments

With Mario Draghi offering little, US equities gave up their overnight gains rather quickly once US equities opened… As EURUSD reversed lower so stocks remembered just how much they love Gary Cohn…

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Euro Slides After ECB Releases FX Forecasts Topping At 1.18 In 2019

By   /  September 8, 2017  /  Zerohedge  /  No Comments

Having concluded that Draghi’s speech was on the margin dovish, not least of all due to Draghi’s parting shot at Euro bulls, saying that “nothing will derail ECB’s will to deliver inflation”, a refreshed version of “Whatever it takes”, the EURUSD has since slumped from session highs, and was back under 1.20, in fact filling […]

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Gold Tops $1350, Bond Yields Plunge, USDJPY Snaps

By   /  September 8, 2017  /  Zerohedge  /  No Comments

Well that escalated quickly… Catalysts for this shift include Gary Cohn 'out' as Fed head contender (why would he stay?), more dismal wage data from BLS, spike in jobless claims, Trump Jr. possible public hearing, potential carnage from Irma… Gold and Yen are bid…   Gold is now testing the spike highs of election day […]

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Canadian Bond Yields Top Treasuries For First Time In 3 Years

By   /  September 8, 2017  /  Zerohedge  /  No Comments

Following yesterday’s unexpected BoC rate hike, Canadian bond yields have jumped higher, with the 5Y yield now above Treasuries for the first time since 2014.   The last time this regime shift occurred was in Q4 2007… Right before America entered recession.

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I Hear Drake Has An ICO Coming…

By   /  September 8, 2017  /  Zerohedge  /  No Comments

Authored by Kevin Muir via The Macro Tourist blog, When you see the waft of ICO’s (Initial Coin Offerings) hitting the market, you have to ask yourself what these “investors” are smoking. Let’s put aside whether bitcoin, ethereum, or some other transactional coin, ends up being a medium of exchange with real value. Instead let’s […]

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AAPL Stock Slips After Reports Of New iPhone Plagued By Production Glitches

By   /  September 8, 2017  /  Zerohedge  /  No Comments

AAPL stock is sliding this afternoon as The Wall Street Journal reports the new iPhone is said to have seen “production glitches.” Apple Inc.’s new iPhone, which is expected to be unveiled Tuesday, was plagued by production glitches early in the manufacturing process this summer, according to people familiar with the situation, which could result […]

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Consumer Credit The American Conundrum

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Lance Roberts via RealInvestmentAdvice.com, What to do?  This is not as an innocuous question as one might think. For most American families, who have to balance their living standards to their income, they face this conundrum each and every month.  Today, more than ever, the walk to the end of the driveway has […]

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WTI/RBOB Drop After Harvey Prompts US Crude Production Collapse, Biggest Inventory Build In 6 Months

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Last night's first glimpse of Harvey's impact on energy confirmed a sizable crude build but only modest gasoline draw. WTI/RBOB prices slid into the DOE print and extended losses (after a quick kneejerk higher) following a bigger than expected crude build (+4.58mm vs +4mm exp). Gasoline and Distilates saw bigger draws than API reported but […]

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Trump Reportedly Wants To End The Debt Ceiling

By   /  September 7, 2017  /  Zerohedge  /  No Comments

If you are wondering what is dragging the dollar down to 32-month lows, perhaps you should add this to the calculus… Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation. […]

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Showdown In Spain: Madrid Moves To Block Catalonia Referendum

By   /  September 7, 2017  /  Zerohedge  /  No Comments

Authored by Mike Shedlock via MishTalk.com, In a move many people thought would never happen, the Catalan parliament approved a referendum that would allow a vote on the region’s independence from Spain. The central government seeks intervention from the Constitutional Court. But short of invasion who is going to stop the vote? The Spanish government has accused the […]

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