US stock future indexes are trading lower this morning (SPY -0.3%), erasing yesterday's gains, while investors continued to watch signals from the Fed and kept an eye on the recent rally in oil. Crude prices have entered a bull-market, gaining more than 20% since August lows. Gold has fallen precipitously this morning while the US dollar is melting up from its lows.
Here is the current market situation from CNN Money
(Reuters) - U.S. stock index futures were lower on Friday after a week of choppy trading as the corporate earnings season winds down and investors again focus on the timing of the Federal Reserve's next interest rate hike.
NEW YORK (Reuters) - - Viacom Inc and controlling shareholder Sumner Redstone have come to an agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman, two sources familiar with the situation told Reuters on Thursday.
ANCHORAGE (Reuters) - San Francisco Federal Reserve Bank President John Williams on Thursday joined a growing chorus of his colleagues signaling support for a U.S. interest rate hike in coming months, saying that waiting too long could be costly for the economy.
JAKARTA (Reuters) - Asian fans of smartphone game Pokemon Go are hunting out the best telecom providers and network gear to overcome the hurdle posed by patchy network signals in their race to capture virtual cartoon characters.
NEW YORK (Reuters) - Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential Federal Reserve documents.
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, reinforcing views of labor market strength that could encourage the Federal Reserve to raise interest rates soon.
In the latest knife attack in Europe, earlier this morning ago a Jewish man, described as a Rabbi, was stabbed by a Muslim attacker in the French city of Strasbourg, according to local media sources. He is has been taken to hospital and is in a stable condition, while the perpetrator has been arrested and is being questioned by police.
FRANCE: Jewish man stabbed & moderately wounded by a Muslim in Strasbourg, attacker arrested. pic.twitter.com/GfZnSVfQMe #morningjoe #Israel
— jaazee (@jaazee1) August 19, 2016
The victim, who has been named as Mr. Levy, is reported by a colleague to be a rabbi. He was stabbed by a man who shouted "Allah Akhbar", according to the 20minutes news platform.
According to RT, the attack took place at around 11:00am local time (09:00 GMT). Mr. Levi, who has been described as an Orthodox Jew, was sitting at a café on the sidewalk, reports Le Parisien.
Je viens de voir M. Levy, victime d'une attaque au couteau. Sa situation est stable. Prions pour son établissement rapide.#Strasbourg
— Mendel Samama (@EURORabbi) August 19, 2016
"I just spoke to Mr. Levy, who was the victim of a knife attack and is condition is stable," said Mendel Samama, who is rabbi based in Strasbourg, Le So ...
Some would call it a classic Martingale laced death spiral.
Just days after it was revealed that as a result of a $2.1 billion surge in redemption requests, would terminate some 15% of his workforce, Bloomberg reports that the legendary macro trader has boosted the amount of money he's managing, including borrowed capital, to more than 50 percent of his main hedge fund's net assets, and is also demanding that all his managers take more risk in their bets, according to an August 16 investor letter.
"We have to think outside the box," Jones, 61, said in the letter. "I firmly believe the changes we have made put us in a position to be successful even in this desultory macro environment."
Confirming just how difficult it is for conventional strategies to generate profits in this environment, in the letter PTJ also says that his remaining managers will be given more money to run, and that some have been paired with scientists and mathematicians to bring new analytical rigor to their trading as part of a quantitative revamp of the firm.
Jones, who started out as a cotton trader before founding his firm, said his firm must have money managers who can adapt to today's zero-interest rate environment, which he expects to continue. The firm is imposing minimum levels of risk that its traders must take to remain in its manager lineup.
Tudor, which Jones founded in 1980, has joined the recent funk that all other comparable macro hedge fun ...
The Rothschilds are buying gold through their investment house RIT Capital Partners and Lord Jacob Rothchild is warning about the results of "the greatest experiment in monetary policy in the history of the world".
British investment banker Lord Jacob Rothschild is buying gold. Pictured with Joanna Lumley. (Source: Getty)
The Rothchild's investment house has increased its allocation to gold by 8% and aggressively sold quoted equities and sterling to navigate choppy "uncharted waters" post-Brexit. Sale of shares have been used to buy gold and other non-disclosed precious metals, which, at the end of June accounted for 8 per cent of the £2.8 billion portfolio according to the trust's half-year results, released on Tuesday.
"The six months under review have seen central bankers co ...
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