It is the 25th of June 2017

News

Goldman Downgrades Stocks One Day Before The Fed: "Asymmetry For Equities Is Getting Worse"

After numerous warnings from Goldman strategist David Kostin that stocks are expensive, most recently over the weekend when he wrote that  "investors will soon capitulate on their expectation of upside to 2017 EPS forecasts as they face the reality that the accretive impact from tax reform will not occur until 2018" and that "revisions to consensus EPS forecasts during the past few months have been negative for both 2017 and 2018" moments ago Goldman officially downagred equities.

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North Korea Puts Army Into "Combat Mode"

It's been at least 24 hours since any further sabers were rattled between China, US, South Korea, and North Korea (oh and Japan), but it according to DailyNK.com, Kim Jong Un has ordered the entire North Korean army into "combat mode" to tighten security and consolidate sentiment in response to military drills conducted by South Korea and the US, which began in early March.

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