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S&P Futures, Global Stocks Fall In End To Best US Quarter Since 2015
Stocks fell worldwide on the last day of the quarter, with US equity futures pointing to a lower open even as the S&P is set for its best quarter since 2015 amid persistent economic and political...
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Median LBO Multiple Rises To 10.8x, Highest Since The Financial Crisis
As equity multiples continue to levitate to unprecedented highs, recently rising above 20x on a trailing basis, now in the 99th historical percentile according to Goldman Sachs, the lack of bargains is...
View ArticleFrontrunning: April 19
As Trump warned N. Korea, 'armada' headed to Australia (Reuters)Threat of Carrier Heading to Koreas Wasn’t All It Seemed (WSJ)Markets Start to Ponder the $13 Trillion Asset Gorilla in the Room...
View ArticleFrontrunning: April 20
White House to risk shutdown as Trump searches for “win” (Politico)Saudi Minister Wants OPEC Oil-Production Deal Extended, Perhaps for Less Than 6 Months (WSJ)Russia denies Reuters report think tank...
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Private Equity Sets Its Sites On A New Funding Victim: Mom-And-Pop 401(k)s
After laying ruin to the defined-benefit pension plans of public and private employees over the past several decades, Wall Street has its sites set on its next victim: mom-and-pop 401(k)s. Sure,...
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An Absurd Unintended Consequence Of Abnormally Low Rates
By Chris at www.CapitalistExploits.atMarket dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.Welcome to this week’s edition...
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Global Market Cap Hits $50 Trillion For The First Time Ever As All Eyes Turn...
After two days of back to back triple digit gains in the Dow for the first time since the election, overnight the torrid rally has faded, with European shares and U.S. stock futures little changed...
View ArticleFrontrunning: May 3
Fed Rate Rise Unlikely, but Possible June Move in Focus (WSJ)GOP Health-Bill Woes Signal Centrists’ Rise (WSJ)As U.S. and China find common ground on North Korea, is Russia the wild card?...
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Macron Victory Leads To "Risk Macr-Off" In Europe, Poor China Trade Data...
It was supposed to be Risk Macr-ON after Emmanuel Macron's avalanche victory in Sunday's French presidential elections; instead as some banks cautioned and as we showed early in the overnight session,...
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Crushed Vol Boosts Dollar, Commodities; Futures Flat
Asian stocks declined, while European stocks rose to the highest since 2015, led by a rebound in commodities and basic resource stocks. U.S. stock-index futures were little changed at 2,395 - just shy...
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Global Markets Rebound To End Volatile Week, As Trump Rout Fades
Two days after the biggest rout in US stocks in 8 months, and one day after Brazil's stock market was halted due to a circuit breaker, wiping out out 8.8% of its market cap, traders are eager to put it...
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The Bilderberg 2017 Agenda: "The Trump Administration - A Progress Report"
Every year, the world's richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to shape the world in a...
View ArticleFrontrunning: June 2
Strong U.S. job growth expected in May; wage rise seen moderate (Reuters)Trump’s Paris Exit Leaves Him Isolated From C-Suites to Capitals (BBG)Critics lament Trump climate move, supporters seek new...
View ArticleFrontrunning: June 9
UK voters deal May a crushing blow (Reuters)May Fights to Remain U.K. Premier After Election Debacle (BBG)Warning of U.S. desertion, EU chief calls for European defense (Reuters)EU Turns Schadenfreude...
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KKR Predicts U.S. Recession By 2019 And An Inevitable Cycle Of Millennial...
KKR has just published their 2017 mid-year economic outlook and it includes some rather dire predictions for the U.S. economy. Among other things, KKR predicts a U.S. recession by 2019 and a massive...
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KKR Names Successors To Co-Founders Henry Kravis, George Roberts
Iconic Private Equity firm Kohlberg Kravis Roberts i.e., KKR, has appointed two executives to succeed co-founders Henry Kravis and George Roberts, in what the FT dubs is a "rare move for an industry...
View ArticleFrontrunning: July 18
U.S. Republicans left scrambling after health bill sinks again (Reuters); Republicans Give Up on Health-Care Reform, Now Seek Straight Repeal (BBG)Trump Blames Democrats and a ‘Few Republicans’ for...
View ArticleFrontrunning: July 24
Kushner, Russian Ambassador Had Undisclosed Contact (WSJ)Democrats take aim at big companies in economic blueprint (Reuters)Trump open to signing Russia sanctions legislation (Reuters)Schumer Predicts...
View ArticleFrontrunning: July 25
Dollar slumps to 13-month lows before Fed; euro up (Reuters)Overwhelming approval likely for Russia bill (Reuters)Trump to study tougher Russia sanctions bill: White House (Reuters)Unrest bubbles among...
View ArticleFrontrunning: August 8
Tax Overhaul Effort Shaped by Debate Over Corporations (WSJ)Funds target 'unknown' stocks as Wall Street cuts analyst jobs (Reuters)GOP Plans Tax Compromise to Sidestep Democrats (BBG)Few expect...
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