Last night on CNBC’s Fast Money we had former Army Colonel and Medal of Honor Winner Jack Jacobs to discuss what he calls two likely negative outcomes that could result from Turkey’s shooting down a …
Continue readingTurkey
The best offense is a good defense, right? Reading through the initial postmortems on why Facebook made such an aggressive bid for messaging service WhatsApp, the obvious conclusion for the price tag was to make …
Continue reading
Facebook pays $19 billion for WhatsApp. My first thought when I saw that headline was Dan’s Morning Word Post from December 26th, in which he laid out the possibility of monster M&A marking a long-term …
Continue reading
It’s been high season for Turkey jokes over the past week. I’m Turkish-American, so I’ve heard my fair share of Turkey jokes, though usually around Thanksgiving season rather than early January, and usually related to …
Continue reading
White House officials indicated last night that President Obama is set to announce Janet Yellen as the new Federal Reserve Chairman nominee. She is expected to be confirmed in the Senate. Markets took on a …
Continue reading
Asset prices for the most part are little changed from where they were as U.S. traders left their desks yesterday. Not much progress on the U.S. political negotiations, which continue to dominate the headlines. Asian …
Continue reading
John Boehner made clear over the weekend that a clean debt limit bill would not be brought in the House. As a result, the market awaits further negotiations around the government shutdown and the debt …
Continue reading
Overnight price action in SPX futures had its tightest range of the week, and most Asian and European equity indices moved less than 1%. Asian Indices Mostly Lower, Japan Again Weakest – No major economic data …
Continue reading
Overnight price action in SPX futures similar to the last few days. After no progress was made on the government shutdown after talks between the President and Congressional leaders, futures leaked lower, though off their …
Continue reading
After yesterday’s global rally, the second day of October has brought out the sellers. Asian markets almost all opened green, but SPX futures started moving lower shortly after midnight EDT, and were hit particularly hard …
Continue reading