A "Massive" New Headache For Banks Has Emerged

Submitted by Tyler Durden on 04/12/2016 - 12:34
It's not just the shale drillers who are in danger as they see their liquidity evaporate. As the WSJ writes today, and as covered here since January, it is the lenders themselves whose unfunded revolver exposure may suddenly become funded and expose them to even greater risks from the energy sector should oil not rebound far more forcefully and put US oil and gas companies back in the black. How big is the exposure? Very big: $147 billion.

Active Managers Defeated... Globally... Again

Submitted by Tyler Durden on 04/12/2016 - 12:56 One would think that active managers would eventually outperform somewhere after the negative press that ensued a year ago.  And now that 2015 performance data has been properly audited and tabulated, we can see what the new results are... (spoiler alert - not good).

Crude, Stocks Soar After "Unidentified Sources" Suggest Russia-Saudi "Production Freeze" Consensus

Submitted by Tyler Durden on 04/12/2016 - 10:34 Total chaos reigns as equity market "participants" flip from manic-sellers (IMF un-growth and Italian bank bailout failure) to panic-buyers after the following headline hits Bloomberg: SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX

What Is Paul Ryan Up To?

Submitted by Tyler Durden on 04/12/2016 - 12:12 While many establishment Republicans would love Paul Ryan to emerge in Cleveland to rescue the party from what they think is a doomed presidential bid, as The Hill reports, some among their number recognize that any effort to take the nomination away from Trump or Cruz, if either goes to Cleveland with far more delegates than anyone else, could hurt the GOP for years.

How The Oil Crisis Has Impacted Military Spending

Submitted by Tyler Durden on 04/12/2016 - 11:55 Some observers of the energy market with a cynical bent say producers need a new war for prices to improve. It could be this hypothetical war that governments in Asia, Europe and the Middle East are preparing for. Let’s just hope the conflict remains hypothetical. The market can rebalance itself without it; it will just take longer. Oil producers will just have to swallow this and wait.

Bill Gross Unleashes Tweetstorm On Five "Investor Delusions" Soon To Be Exposed

Submitted by Tyler Durden on 04/12/2016 - 11:40 In what has so far been a strange day, in which one headline by an "anonymous diplomatic source" and unconfirmed by the Russian energy ministry has pushed stocks from red on the day back to highs for the year, the latest surprise came from Bill Gross who moments ago broke into a "tweetstorm" to lay out what he see as the latest set of investor delusions.

Egyptians Outraged At Government Plan To Hand Over Islands To Saudi Arabia As Saudi King Arrives In Turkey

Submitted by Tyler Durden on 04/12/2016 - 11:27 the Egyptian government said on Saturday that the two countries had signed maritime demarcation accords that put the islands of Tiran and Sanafir in Saudi waters in the process handing over the two islands to the Saudi kingdom. As Reuters reported, "Egypt's announcement during a five-day visit by King Salman that it would transfer two Red Sea islands to its Saudi ally has outraged Egyptians, who took to social media to criticize the move"

The Root Of Rising Inequality: The "Lawnmower" Economy (And You're The Lawn)

Submitted by Tyler Durden on 04/12/2016 - 11:11 This predatory exploitation is only possible if the central bank and state have partnered with financial Elites.

"The Selling Just Won't Stop" - Smart Money Sells Stocks For Near Record 11th Consecutive Week

Submitted by Tyler Durden on 04/12/2016 - 10:50 Last week, during which the S&P 500 was down 1.2%, BofAML clients were net sellers of US equities for the 11th consecutive week. Net sales of $1.7bn were smaller than in the prior week, but all three client groups (hedge funds, institutional clients, private clients) remained net sellers, led by institutional clients. Net sales were in both large and mid-caps, while clients bought small caps last week.

What Happens When The Market Goes Nowhere For One Year (Hint: Nothing Good)

Submitted by Tyler Durden on 04/12/2016 - 10:24 Even if "this time is different," we don’t expect it will be different enough to sustain valuations at current obscene levels in the absence of favorable market internals. Refrain from placing too much faith in the "fast, furious, prone-to-failure" advances that occasionally clear oversold conditions.

"The Bernank's" Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned"

Submitted by Tyler Durden on 04/12/2016 - 10:23 Earlier today, former central bank staffer and Dartmouth College economics professor Andrew Levin, special adviser to then Fed Chairman Ben Bernanke between 2010 to 2012, said something shocking. "A lot of people would be stunned to know” the extent to which the Federal Reserve is privately owned." Is the truth finally starting to come out?

Hope Turns To Nope As US Stocks Slump Red, Italian Banks Halted Limit-Down

Who could have seen that coming?

Schauble Throws Up All Over Mario Draghi: "The ECB Is Causing Extraordinary Problems"

Submitted by Tyler Durden on 04/12/2016 - 09:57 SCHAEUBLE SAYS ECB CAUSING 'EXTRAORDINARY PROBLEMS': REUTERS
SCHAEUBLE: ECB POLICY DOESN'T HELP TRUST IN EUROPE INTEGRATION
SCHAEUBLE: FISCAL, MONETARY POLICY LARGELY EXHAUSTED GLOBALLY

"Investors" Panic Buy Stocks After IMF Downgrades The World

Submitted by Tyler Durden on 04/12/2016 - 09:48 What is more bullish than utterly bearish macro-economic data? Answer - more bearish macro data (and a call for moar monetray stimulus that has workled so well in recent years)... So what happens now that algos have run the overnight high stops?




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