TOP NEWS: Week 05/15 – 05/21

Weekend 05/20 & 05/21

A Quarter Of American Adults Can’t Pay All Their Monthly Bills; 44% Have Less Than $400 In Cash – Zerohedge
“The S&P 500 Is Now Overvalued On 18 Of 20 Valuation Metrics” – Zerohedge
Trump Signs “Single Largest Arms Deal In US History” With Saudi Arabia Worth $350 Billion – Zerohedge
Bitcoin Soars Above $2000 For First Time Ever – Zerohedge
The story behind the only bank prosecuted after the 2008 financial crisis – Marketwatch
How Long Can The Great Global Reflation Continue? (And What Happens When It Ends?) – Zerohedge

 

Friday 05/19

Greece passes austerity measures, as markets recover from Trump slump – business live – guardian

What Happens Next? – Zerohedge
A Virginia man was just arrested for making a fake takeover offer for Fitbit’s stock – cnbc

BofA Warns Of “Tech Mania” Risk: Sees Highest Tech Inflows Since Dot Com Bubble – Zerohedge
Jim Bullard Does It Again – Stocks Spike On Hint Of Future QE – Zerohedge

Brazil’s Biggest Fortunes Plunge $6.2 Billion in Temer Crisis – Bloomberg

We Know Where All the Money Is Hiding – Bloomberg
China Is Using the Yuan to Combat Risk of a Market Meltdown – Bloomberg
Optimism ahead of OPEC meeting drives further gains for oil – Marketwatch
Credit Suisse says the RBA will need to cut multiple times – businessinsider

 

Thursday 05/18

Business Live – guardian

Bitcoin jumps to fresh record near $1,900 amid increased political risk – cnbc
Greece adopts more austerity measures in bailout bid – bbc

That big rotation to European stocks is starting to make a lot of sense – cnbc

Chinese Insurer Warns Of “Mass Defaults, Social Unrest” Due To “Mass Redemption” Run – Zerohedge

Stocks would have made ‘significant’ new highs if not for Trump controversy, Bob Doll says – cnbc
The Volatility Buyer Known as ’50 Cent’ Just Had a Huge Payday – Bloomberg
Fracking Crew Shortage May Push Oil’s Biggest Bubble to 2018 – Bloomberg
Sudden drop in the British pound vs. dollar sends currency markets reeling; Traders mystified – cnbc
Philly Fed Smashes Expectations Despite Tumbling New Orders & Employment – Zerohedge
Stop Whining America! Jobless Claims Hit 44 Year Lows – Zerohedge
Brazil ETF dives 16% premarket after bribery allegation against president – Marketwatch

Japan economic growth picks up speed – Marketwatch
Chinese new home prices are accelerating again – businessinsider
Australian jobless rate sees surprise April fall – Marketwatch
Japan posts best span of economic growth since 2006 – Marketwatch

 

Wednesday 05/17

Business Live – guardian

Cisco drops 5% after forecast shows revenue decline increasing – Marketwatch
Critical Question for Stocks Is How Much Trump Bump Baked In – Bloomberg
Trump impeachment? Bookies odds increasingly point to an early exit – Marketwatch
U.S. stocks on track for worst session in 10 months on Trump worries – Marketwatch
“Trump Doesn’t Matter”? European Stocks Slump Most In 8 Months – Zerohedge

Fed’s Kashkari says central bank should avoid fighting asset-price bubbles – Marketwatch
Banks Stocks Don’t Deserve a Battering – Bloomberg
Banks Battered As Dow Crashes Through Key Technical Support – Zerohedge
U.S. households now have as much debt as they had in 2008 – Marketwatch
US Household Debt Surpasses 2008 High, Hits Record $12.7 Trillion – Zerohedge
June Rate-Hike Odds Tumble – Zerohedge
VIX Spikes Most In 8 Months, Breaks Above Key Technical Level – Zerohedge
RBC: “Energy, Stat Arb And Value Teams Are Getting Blown Out” – Zerohedge

UK unemployment at lowest rate in 42 years – bbc
ECB’s Stimulus Exit Might Be Slower Than You Think – Bloomberg
Greeks join nationwide strike over new round of bailout reforms – Reuters
Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 Trillion Dollars Derivatives Exposure – Zerohedge

Best Forecasters See No Reprieve for Dollar as Trump Woes Mount – Bloomberg
Lloyds new era begins as government sells off final shares – Reuters
ANALYST PREDICTIONS: The future of the pound looks bleak – businessinsider
EUR: Strong growth across Europe helps the re-rating story – ING – fxstreet
Dollar drops as Trump’s latest crisis alarms investors – cnn
Gold Shines as Trump’s Mounting West Wing Troubles Buffet Dollar – Bloomberg
Sensex, Nifty at new highs: 5 factors driving this rally – ET
Taiwan Seeks Stronger Asia Ties to Overcome Reliance on China – Bloomberg
This is the high-tech country to watch for clues on S&P 500 earnings – Marketwatch
Australia Needs Housing Slowdown for Stability on AAA, S&P Says – Bloomberg
Trump Impeachment Odds Soar By 50% After NYT Report – Zerohedge

 

 

Tuesday 05/16

FTSE 100 hits 7,500 points for first time ever as UK inflation jumps to 2.7% business live – guardian

VIX Is at 10 and What Does Everyone Want? Low-Volatility ETFs – Bloomberg
Malware Case Is Major Blow for the N.S.A. – nyt
Mutual Funds Ate the Stock Market. Now ETFs Are Doing It – Bloomberg
A Hedge Fund Finds Fortune in This $440 Billion Danish Obsession – Bloomberg
Best Earnings Growth Since 2011 Backs S&P 500 at Record: Chart – Bloomberg

Industrial Production Surges Most Since Feb 2014 As Auto Assembly Spikes – Zerohedge
Multispeed Euro-Area Recovery Underpins ECB Call for Caution – Βloomberg
Emerging market import demand lifting world trade: S&P Global – Reuters
Euro climbs on integration hopes as Trump furor knocks dollar – Reuters

 

 

Monday 05/15

FTSE 100 hits record high as oil price rallies – business live – guardian

ETF Flyers: ‘WannaCry’ Malware Attack Boosts Cyber Security Stocks – barrons
All About Bitcoin, the Mysterious Digital Currency – nyt
China, Japan Increase Holdings of U.S. Government Treasuries – Bloomberg
Rich would get $1 trillion tax cut under Trump’s tax loophole – cnbc

Money Managers’ Sales in Europe Under Threat From New Rules – Bloomberg
China’s new Silk Road promises trade and riches, with President Xi at helm – Reuters
Cotton Squeeze Sends Prices to Highest Since 2014 – Marketwatch
‘Soft’ Data Slumps – Empire Fed Plunges Into Contraction As New Orders Collapse – Zerohedge

Moody’s maintains stable outlook on the Greek banking system amid improved profitability prospects, balanced by still very high problem loans – moody’s
Greek Economy Pays for Drawn-Out Talks With Return to Recession – Bloomberg
The Best May Be Behind Europe Stocks This Year, Strategists Say – Bloomberg

Brits are going to get much poorer this year – businessinsider
Hong Kong stocks rise to nearly 2-year high as oil shares advance – Marketwatch
Key Events In The Coming Quiet Week: US Industrial Production In Focus – Zerohedge
Trump ordered emergency meeting after global cyber attack: Official – cnbc

Saudis, Russia Favor Extending Oil Cuts Until End-March 2018 – Bloomberg

China’s economic activity widely slows in April – Marketwatch
China: 4.65 mln new jobs created in first four months – XINHUANET
Robots Will Save the Economy – wsj

Desperately short of labor, mid-sized Japanese firms plan to buy robots – Reuters

 

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