It is the 16th of October 2019

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Barrage Of Billionaire Bears Predict Doom And Gloom, Refuse To Sell

Shortly after the most famous PIMCO alum, Bill Gross, unleashed today's dose of doom and gloom when he warned that market risk is the "highest since before the 2008 financial crisis" and warned that “instead of buying low and selling high, you’re buying high and crossing your fingers,” his replacement and current PIMCO CIO, Dan Ivascyn shared a similar dour outlook on the economy at the Bloomberg Invest summit, where he predicted that U.S. growth will "likely be in the mid-2% range and, given the current global fiscal and geopolitical risks, the 10-year Treasury could fall as low as 1.5%."

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A Trillion Dollar Down Day

After reaching a record market cap of $74.1 trillion this week, global equities saw almost $1 trillion evaporate in a single day...

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U.K. Parliament Gives Theresa May Approval To Start Brexit

Moments ago, UK Parliament passed legislation allowing the government to invoke Article 50, with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver.  While press reports earlier said May could trigger Article 50 as early as Thursday, subsequent reports from Bloomberg suggested that she will commence Brexit in the last week of March.

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