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The Seven Questions Goldman’s Clients Have About “Rational Exuberance”

The Seven Questions Goldman’s Clients Have About “Rational Exuberance”
In mid-November, just days after Barclays released its 2018 equity outlook with the title "Rational Exuberance"... ... Goldman's David Kostin decided that imitation was the sincerest form of unveiling a non-contrarian year-end forecast, and in presenting his revised S&P price target for 2018 of 2,850 - which accounts for GOP tax reform - "borrowed" the Barclays title for his own... Read More

UBS CEO On Brexit – “More And More Unlikely” It Will Move 1,000 Jobs Out Of London

UBS CEO On Brexit – “More And More Unlikely” It Will Move 1,000 Jobs Out Of London
With Brexit negotiations still at a delicate stage, here’s the first bit of good news for the City of London in some time... As The Telegraph reports, the boss of Swiss bank UBS has said plans to move 1,000 jobs from London as a result of Brexit are now looking "more and more unlikely".  Chief Executive Sergio Ermotti said the banking giant's fear of... Read More

Goldman Is Allowing Its Clients To Bet On The Next Financial Crisis

Goldman Is Allowing Its Clients To Bet On The Next Financial Crisis
Just over a decade ago, as the S&P was hitting all time highs and there was a line around the block of 30-some year old hedge fund managers, desperate to put other people's money in various ultra risky investments just so they could pick a few excess bps of yield over Treasurys - a situation painfully familiar to what is... Read More

A Startling Anecdote About Online Ad Fraud From Uber

A Startling Anecdote About Online Ad Fraud From Uber
One week ago we said that Category 1 storm clouds are gathering over what has traditionally been one of the most lucrative, and perhaps only profitable, sectors to come out of Silicon Valley in decades: online advertising. We directed readers' attention to the recent Global Retailing Conference organized by Goldman Sachs, in which Restoration Hardware's delightfully colorful CEO, Gary Friedman,... Read More

Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV

Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV
By Stock Board Asset According to eMarketer, digital video consumption is on the rise leading to a seismic shift in the industry. Traditional TV viewers are expected to shrink nearly 10% by 2021 with the expectation of a sharp decrease of total media ad spending upwards of -30% reduction. Even in 2017, the trend is accelerating with eMarketer expecting a... Read More

Stocks Tumble After WSJ Reports Gary Cohn “Unlikely” To Be Next Fed Chair

Stocks Tumble After WSJ Reports Gary Cohn “Unlikely” To Be Next Fed Chair
US Equity futures just opened and tumbled in what seems like a delayed reaction to the Cohn news...   Nasdaq, Dow, and S&P Futs all opened lower...   *  *  * As we detailed earlier, just hours after Fed Vice Chair Fischer resigned, and Goldman CEO Lloyd Blankfein threw his support behind Gary Cohn... “No one’s perfect, but he’s the... Read More

Weekend Reading: Storm Warning

Weekend Reading: Storm Warning
Authored by Lance Roberts via RealInvestmentAdvice.com, No, I am not talking about “Hurricane Harvey” which will likely be the first hurricane to strike the Texas coast since 2008, but rather the potential for another “debt ceiling” debacle brewing in Washington. Just recently, Goldman Sachs raised its odds for a government shutdown from 33% to 50% which was further supported by recent... Read More

Is ‘Oil God’ Andy Hall The Latest Victim Of “Fake News”?

Is ‘Oil God’ Andy Hall The Latest Victim Of “Fake News”?
Raymond James' J. Marshall Adkins invoked one of President Trump's favorite phrases to explain oil's plunge, and to excuse his bullish bias (that crude can rise to as much as $65 a barrel). As Bloomberg notes, conventional wisdom holds that resilient U.S. shale drilling, underwhelming progress towards OPEC’s goal in slimming global oil inventories, and output recoveries from nations exempt... Read More

Trump Slams “Very Bad” Germans For Selling Millions Of Cars In US: “We Will Stop This”

Trump Slams “Very Bad” Germans For Selling Millions Of Cars In US: “We Will Stop This”
A day after Trump stunned his fellow NATO leaders, shoving one of them out of the way for a photo-op and demanding that they "must do more" to offset defense costs which are mostly borne by the US, Trump lobbed another bomb at the European center-right consensus by renewing his attacks on the German auto industry during a closed door... Read More

Lee Stranahan: ‘Ideological Coup’ By Kushner-Linked Goldman Globalists Destroying Trump White House

Lee Stranahan: ‘Ideological Coup’ By Kushner-Linked Goldman Globalists Destroying Trump White House
After Wikileaks revelations that Citigroup picked Obama's cabinet, it appears the Trump administration is succumbing to 'same globalism, different bank.' Weeks after the Daily Mail exposed an internal struggle between Kushner-linked Goldman Sachs operatives and Trump advisor Steve Bannon, it has become clear that an "ideological coup" led by globalist bankers is well underway - claiming populist Steve Bannon as their latest victim. This ties in with Roger Stone's warning that Trump's son-in-law Jared Kushner has been leaking... Read More