Silver as an investment

Category Archives: Kraft

Frontrunning: April 7

U.S. fires missiles at Assad airbase; Russia denounces ‘aggression’ (Reuters) Congress Supports the Airstrikes, Debates What Happens Next (WSJ) Trump’s Syria Strike Sends Not-So-Subtle Warning to U.S. Rivals (BBG) Russia Halts Cooperation With U.S. on Syrian Air Operations (WSJ) Syria Says Strike Kills Five, Damages Air Base (WSJ) Oil hits one-month high after U.S. missile […]

Spot The Megamerger Leak, Kraft-Unilever Edition

As we detailed earlier, while the story was first leaked by the FT Alphaville blog, there was immediate speculation how widely this morning's megamerger was leaked first. Sure enough, volume of bullish Unilever options rallied in the past two days. As Bloomberg points out, on Unilever’s U.S. ticker, 10,909 calls traded on Feb. 15, the […]

Fake News for Fake People in an Engineered Fake Culture

America really is the land of the dreams.  Dreams, take many forms; hallucinations, nightmares, delusions, bad trips. Fake News is really descriptive; how about Fake culture, fake people, fake life.  Is America real?  You wouldn’t think there are people living here if you walk down most streets, all you see is cars, the occasional dog […]

Ending A ‘Taking’ Economy And Creating A ‘Giving’ Economy (Part 2)

Submitted by Charles Hugh-Smith via OfTwoMinds blog, Ending a Taking Economy and Creating a Giving Economy: Confronting the Zero Interest Rate Policy (ZIRP) and Taking Effective Action  by Zeus Yiamouyiannis (guest essay)   Read Part 1 here… There no longer seems to be a rational alignment between economic cost and value. This means questioning so-called conventional […]

S&P Futures Flat As Europe, Asia Lifted By Banks, Yen; All Eyes On The Bank Of England

In a mostly quiet session, European and Asian stocks rose, pushed higher by financial stocks and the USDJPY which initially dipped on some hawkish comments by BOJ deputy governor Iwata, only to rebound later in the session, lifting the Nikkei 1.1%, while the Stoxx 600 rose 0.4% led higher by the banking sector. S&P futures […]

Futures Halt Selloff, Levitate Higher On Another USDJPY Spike; Oil Rises

If yesterday’s selloff had a specific catalyst, namely some of the worst consumer retail earnings seen in years, it merely undid the Tuesday rally which levitated global risk with no fundamental driver, aside for a 200 pip spike in the USDJPY.  Some central bankers may even say it was a “magical” levitation. (Recall: A Central […]

Global Stocks Slide As Dollar Continues Rising: Has The “Pricing In” Of Trump Begun

While there was no unexpected overnight central bank announcement unlike yesterday’s surprise by the RBA which unleashed volatility havoc in the FX market, which promptly spilled over into all asset classes, overnight stocks around the world saw another leg lower without a tangible catalyst, while EM currencies fell to a one-month low after two Fed […]

Slew Of Negative News, Defaults And Failed Mergers Push Futures In The Green

It has been a busy weekend for mostly negative newsflow. It all started with China which on Saturday reported yet another disappointing PMI print of 50.1, which both missed expectations and declined from the previous month; then we got the latest Iraq oil output and exports number which rose yet again, pushing it further into […]

Previewing The Winners And Losers From Today’s MSCI Rebalance

As MSCI reported on February 11, today is the day when the previously announced quarterly rebalancing will take place, one which Credit Suisse estimates will see approximately $7.8bn gross trading in DM and $1.2bn in Emerging Markets. As a reminder, this is how MSCI previewed today’s torrid end of today activity: MSCI Global Standard Indexes: […]

Rally Hobbled As Ugly China Reality Replaces Japan NIRP Euphoria; Oil Rebound Fizzles

It didn’t take much to fizzle Friday’s Japan NIRP-driven euphoria, when first ugly Chinese manufacturing (and service) PMI data reminded the world just what the bull in the, well, China shop is… … leading to a 1.8% drop on the first day of February after Chinese stocks slid 23% in January with the nation’s manufacturing […]