Tyler Durden | TalkMarkets | Page 678
Writer at ZeroHedge
Contributor's Links: ZeroHedge
Tyler Durden (pseudonym) is thelead writer at ZeroHedge. Tyler represents the idea that a return to truly efficient markets is a possibility and a necessity. After having experienced the inner workings of capitalism at various asset managers and advisors, Tyler believes that the current model is ...more

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Stocks Slump To 'Rosengren Lows' As Crude Carnage & China Credit Crunch Continues
More pressure on stocks and bonds (long-end underperforming and broad equity market slide) as Risk-Parity funds plunge.
Wells Fargo Investigated By Federal Prosecutors
As a result of the ongoing "massive" customer fraud scandal at Wells Fargo, which culminated not with prison time for anyone but with a $125 million bonus for the executive who oversaw the criminal practice.
VIX ETF Smashes All Records
For the first time in history, yesterday saw VXX (the VIX ETF) traded more volume than the most-traded stock in the S&P 500.
Oil Pumps'n'Dumps As Algos Fight Over Distillates/Gasoline Inventories Surge & Surprise Crude Draw
Following last week's Hurricane Hermine-inspired collapse in crude inventories, DOE surprised with another (small) inventory draw (559k barrels).
WTI Crude Crumbles Below $45 Again As Inventory Hype Disappears
The brief bounce from last night's API data (lower than expected build) has been erased and WTI Crude is testing back to one-week lows with a $44 handle head of today's DOE data
Biggest German M&A Deal Ever: Monsanto Accepts Bayer's $66 Billion Takeover Offer, Creating Agri-Giant
Bayer has won over Monsanto's management with a $128 per-share cash offer to acquire the global seed market leader, in a deal worth $66 billion.
China Crushes Yuan Shorts As HIBOR Explodes 190% To 7 Month High
The overnight HIBOR, or Hong Kong Interbank Offered Rate, jumped - seemingly without reason - by 3.88% points to 5.45%, the most expensive since February, according to Treasury Markets Association data.
"It's Not As Though We Can Keep Lowering Rates Forever," A BOJ Official Said
Any decision to take rates deeper below zero will require careful consideration of the yen's exchange rate and the state of the broader economy.
Crude Chaos Strikes On Disappointing Post-Hurricane Rebound In Inventories
Following last week's epic crude inventory drawdown, the market expected a post-hurricane build of 4mm barrels, but API reported a mere 1.4mm build.
Higher Risk, Rising Rates, Weaker Peso... Blame Trump?
If correlation is causation then there is only one 'thing' to blame for the sudden rise in interest rates, the tumble in the Mexican peso, and the spike in volatility.
The US Consumer Taps Out: BofA Internal Credit Card Data Shows Retail Spending Tumbles
Ahead of this week's big macro event, Thursday's retail sales report, Bank of America has, as is customary, released its own internal credit and debit card data.
"Crouching Tiger, Hidden Challenges" - Macquarie Downgrades NFLX To Sell With $85 Price Target
A YTD chart of the FANG stocks shows one name sticking out like a sore thumb: Netflix is well below where it was trading at the start of the year, and substantially underperforming its FANG peers.
VIX Surges Back Above 17 As 'Brainard-Bounce' Evaporates
The post-Brainard-bounce has been erased...
After Public Outcry Over $125 Million Tolstedt Bonus, Wells Fargo Will End Sales Goals For Retail Bankers
A panicked Wells Fargo and the largest U.S. bank by market capitalization, said that it would eliminate all product sales goals in retail banking, starting next year.
Oil Slides After IEA Turns Pessimistic, Sees Oversupply Extending On "Dramatic Deceleration" In Crude Demand
The IEA trimmed projections for global oil demand next year by 200,000 barrels a day to 97.3 million a day. It reduced growth estimates for this year by 100,000 barrels a day to 1.3 million a day.
Dow Futures Slide Over 100 Points Despite Fed's Dovish Relent; Oil Drops On IEA Pessimism
The main conclusion from yesterday was that 2+2 sometimes just equals plain old 4 as the conspiracy theories around the timing of Brainard's speech were proved unfounded. It's rare that a Fed speaker gets so much global attention.
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