Financials pulled a world-class fakeout last week, and that’s important for what’s coming next.
America’s big banks just reported Q3 earnings.
Central banks have deluded markets into believing they can generate economic prosperity, but not one of their policies has stimulated growth.
The Libyan sovereign wealth fund’s case against Goldman Sachs will be settled this month.
Officials and analysts rejected Donald Trump’s accusation that the Fed is overly political, but politics is in the central bank’s DNA.
When these new SEC rules kick in next month, they won’t just affect institutional investors – they could end up killing the markets.
Management wants us to believe “just 5,300 bad apples can spoil the bunch” at America’s favorite bank…
There’s a $400 billion bond bomb waiting for a light… and market volatility could be what sets it off.
Big banks are routinely penalized for shady activity.
This August of 2016 was one of the most placid in market memory, a stark contrast to the record high volatility of August 2015, to say nothing of August’s traditional volatility. But last month’s markets traded in the tightest range ever, a trend we’re still seeing in September.