Summarizing The 2016 Elections In One Sign

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Billion Dollar Baby Bye Bye: Regulators Seek To Ban Theranos Founder Elizabeth Holmes

Submitted by Tyler Durden on 04/13/2016 - 14:32

Stunning Photos Of Huge Oil Supertanker Lines Forming "World's Biggest Traffic Jam"

Submitted by Tyler Durden on 04/13/2016 - 12:44

"Aggressive" Russian Fighter Jet Flies A Hundred Yards Off US Warship In Baltic Sea

Submitted by Tyler Durden on 04/13/2016 - 15:21 In a rerun of what happened two years ago when in April 2014 a Russian Su-24 fighter jet flew repeatedly within 1000 yards of a US warship, CNN reports that the Pentagon is furious that while sailing in the Baltic Sea, US warship the USS Donald Cook had two "extremely close overflights" by unarmed Russian fighter jets.

The Global Economy Didn't Change Last Year, Views Of QE Did

Submitted by Tyler Durden on 04/13/2016 - 15:00 The stock market is still viewed as if it were a discounting mechanism, a system where information is processed and priced to deliver insight about the fundamental state of liquidity, markets, and the economy. That view has always been debatable, but never more so than the whole of this century so far. What were share prices suggesting, fundamentally, in March 2000? Or October 2007?

Biggest Squeeze In 6 Months Sends "Most Shorted" Stocks To 2016 Highs

Submitted by Tyler Durden on 04/13/2016 - 14:45 As one veteran trader told us, this massive short-squeeze came "out of nowhere" seemingly driven by oil-headline-induced algo momentum ignition. Goldman's "Most Shorted" stocks are up a stunning 6% in the last 2 days - the biggest 2-day surge since Oct 2015 as Credit Suisse noted earlier there is a "lot of pain being felt out there on the short side." However, 5 of the last 6 times that shorts have been squeezed this much this fast, stocks have stalled dramatically...

The Great Glut: Why LNG Markets Might Not Balance Before 2025

Submitted by Tyler Durden on 04/13/2016 - 14:30 The worldwide rush to build liquefaction capacity has the characteristics of speculative bubbles and gold rushes of past centuries. In the case of the developing LNG glut, the blame must probably be shared by overambitious promoters and prestigious but imprudent energy experts.

According To This Beige Book The Fed Should Be Hiking Rates Now

Submitted by Tyler Durden on 04/13/2016 - 14:17 The summary: modest to moderate growth, increasing consumer spending, stronger labor market conditions, improving labor market conditions, and most importantly, rising wages almost across the board. And virtually no mention of "global" conditions (and certainly no mention of China). So what excuse will the Fed use not to hike in April again?

About That "Surge" In The Baltic Dry Index

Submitted by Tyler Durden on 04/13/2016 - 14:00 Some 'entertainers' among the mainstream media have proclaimed the recent dead-cat-bounce in The Baltic Dry Freight Index as representative of some renaissance in China and thus the world's trade.. and thus why one should "buy buy buy" stocks. However, three quick points of note suggest this is nothing but noise as the index flounders around record lows.

Credit Suisse Is Now A Seller As S&P Hits "Bull Target" Levels, But With A Big Caveat

Submitted by Tyler Durden on 04/13/2016 - 13:41 S&P 500 (June) now up at our 2070/80 bull target - the measured objective from the base and price resistance.  With potential trend resistance not far above at 2090, we continue to look for sellers here. Russell 2000 stays trapped in its near-term range...  Concern, as always, is that market positioning remains short, and if we start taking out resistance levels, we could see a big short stop out...

The Chart Proving That China's Trade Data Has Never Been This Fake

Submitted by Tyler Durden on 04/13/2016 - 13:20 The narrative is set - today's rally is predicated on "strong" Chinese trade data. So what happens when one chart explodes that narrative as totally fallacious for three simple reasons...

Jump In Demand For 10 Year Paper In Strong, "Stopping-Through" Auction

Submitted by Tyler Durden on 04/13/2016 - 13:11 Yesterday's strong 3Y auction was a harbinger. Despite the relentless risk on rally, moments ago the US Treasury had no problems to sell $20 billion in 10 Year paper which priced at a high yield of 1.765% (98.5% allotted), stopping through 1.6 bps through the 1.781% When Issued, the biggest gap since last spring, and well below March's 1.895%. The bid to cover jumped from last month's 2.49, rising to 2.75, well above the 6 month average, and the highest since January.

Angola Could Be OPEC's First Member To Fall

Submitted by Tyler Durden on 04/13/2016 - 13:02 The Angola crisis is a warning to the other struggling OPEC countries. Though the larger nations are better off, sustained low prices will test their financial stability as well. The weak links have started to give way, and a few others might find themselves in the same situation as struggling Angola. A nation facing such a severe financial crisis will begin to question the necessity of remaining in OPEC.

George Soros Warns Europe: Absorb 500k Refugees Costing $34Bn, Or Risk "Existential Threat"

Submitted by Tyler Durden on 04/13/2016 - 12:50 The asylum policy that emerged from last month’s EU-Turkey negotiations has four fundamental flaws, according to Billionaire puppet-master George Soros, which combined pose an "existential threat to Europe." His solution is 'simple' - Accept 500,000 refugees per year costing $34 billion year (via "surge" funding through more borrowing, and a newly-created refugee crisis fund from increased VAT on member states) or else, in his words, "the European Union is in mortal danger?"

Russia Refutes Its Own Rumor, Says Doha Deal Will Have Few Detailed Committments

Submitted by Tyler Durden on 04/13/2016 - 12:26 Yesterday, Russia said there was a virtual deal assured with Saudi Arabia to "freeze" production (at record levels) that did not require Iran's participation. And now, it appears the Russians are walking that confident "hope" back. Russia's energy minster just told a briefing that the Doha "freeze" deal would be "loosely-framed with fed detailed commitments." Not exactly what the market was hoping for...

The Meaning of Life, Or How to Invest Without Going Crazy

by Jimmy Mengel, Outsider Club:

I’ve come to the point in my life where I am really starting to question my own existence…
What am I doing here? Why do I do the things I do? What is the meaning of this absurd journey we call life?
Maybe it’s because I am getting older. Maybe it’s because I’m raising children. Or maybe I’m suffering from the existential angst that we all have to face at some point in our lives.
Now, I’m not here to give you a philosophical lecture — far from it. I am in no position to do so, as I am more confused about life every waking hour (which is in-and-of-itself a philosophical topic for another day.)
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Soros’ Open Society: New World Lebensraum Idealism Underway – Phil Butler

from The News Doctors:

WikiLeaks told you the Panama Papers were provided by the United States government, George Soros’ various NGOs, and a host of western journalists. Today the proof is irrefutable. A vast network has been established in the last few decades to not only control news, but to influence even the laws under which society operates. Here is the first document in a case against a new world order of things. Here is a revealing look at the new Baltics, and at the true nature of the igneous new world of things.
The Panama Papers revelations are just the latest phase of a misinformation campaign that’s been going on for decades. Today the world is turned upside down by a huge group of journalists and corporate lackeys who have set truth on its end.
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Startling Inflation News Illustrates The Failure Of Easy Money

by John Rubino, Dollar Collapse:

After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is happening:
Japan households’ inflation expectations hit three-year low – BOJ
(Reuters) – Japanese households’ sentiment worsened in the three months to March and their expectations of inflation fell to levels before the Bank of Japan deployed its massive asset-buying programme three years ago, a central bank survey showed.
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