It is the 19th of February 2017

News

Wikileaks Exposes CIA Involvement In French 2012 Presidential Election

In a move that is sure to unleash a fresh firestorm of accusations that Russia is interfering in the upcoming French elections, Wikileaks has has released three classified CIA "tasking orders" revealing details of a seven-month long spying campaign and involvement by the agency ahead of the 2012 French presidential election.

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A "Multi-Billion Trade Meltdown" - Here Is The Reason For The Market's Inexplicable Surge

We have noted in the last few days the divergences between US equity and volatility markets and chatter of a major fund needing to liquidate positions. After today's price action (and more color from trading desks) we are starting to see the 'fingerprints' of what appears to be a multi-billion dollar forced short cover that has almost perfectly correlated with the linear surge in US stocks.

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Venezuela Takes CNN Off The Air Over "Fake News" Report

Two days ago, we reported that Venezuela's President Maduro threatened to take CNN off the air as a result of accusations it was spreading propaganda and "fake news." Well, it is now official because as AP reports, Venezuela's government has officially suspended CNN in Spanish, shutting off the news channel after a report on fraudulent passports that drew angry criticism from officials.

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Trump Expects Putin To "Return" Crimea To Ukraine

With every passing day, it appears that many of the anticipated foreign policy changes under the new administration may end up being nothing but smoke and mirrors. First, it was the middle east, where despite campaign promises of pulling back US troops, Trump is instead considering adding to US deployments to reinforce what he plans to be Syrian "safe zones."

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RBC: "This Is The $1 Trillion Question On Our Clients' Minds"

With Dennis Gartman seemingly correct this time, and the market not only melting up, but in full "blow off top" mode, traders can only sit back and watch in quiet amazement how nothing can lead to even the most nominal of downticks. So in hopes of bringing some daily clarity, here is RBC's cross-asset head Charlie McElligott with his daily dose of market zen, focusing not only on the key events of the day, namely China's record credit injection and Yellen's more hawkish than expected Congressional testimony, but with an observation of what "continues to be the chief concern of clients on recent marketing swings", namely "The TRILLION dollar question: when does all of this “inflation as a good thing” tip over into “inflation with no growth”—aka STAGFLATION?"

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Fossil Shares Plunge On Poor Results, Ugly Guidance; Strong Dollar Blamed

Nine months after FOSL stock plunged by 25%, after reporting abysmal Q1 results and even worse guidance, moments ago the watchmaker behind brands such as Skagen and Burberry reported another ugly quarter, which confirmed that the prevailing retail weakness continues.

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