It is the 19th of November 2019

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In Early Concession, Trump Plans Meeting With GOP, Democrat Leaders

In what appears to be the first major concession to Congressional Republican (and Democrat) leaders from the confrontational, "post-Phoenix rally" Trump, whose vow to "build that Wall" even if it means shutting down the government has spooked markets and sent Oct 12 T-Bill yields surging, Politico reports that the president is quietly organizing a meeting with McConnell and Ryan as well as Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi shortly after the August recess ends. The key topics of conversation will be avoiding a federal default and a government shutdown.

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Stocks & Bonds Stumble On Donald's Debt-Ceiling-Doubts & Harvey Hammering Houston

Terrible housing data for the second day in a row, debt ceiling fears surging in bill markets, chaos in the energy complex as Hurricane Harvey nears landfall, more McConnell-Trump turmoil... and while stocks were lower, only Trannies really dropped... The market said...

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Bannon Speaks: "I'm Going To War For Trump"

While Breitbart has warned of war 'against' Trump - should he break from the policies upon which he was elected - former White House Chief Strategist Steve Bannon has spoken for the first time since being fired today.

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Shocking Admission From Global Head Of Strategy: "Our Clients Have Given Up On Valuation As A Metric"

For all the recent concerns about an "imminent" nuclear war with North Korea (not happening, according to the head of the CIA), which prompted a stunned reaction from Morgan Stanley which earlier today observed the "70% rise in the VIX index over three days, 2% drop in global equities, and more than a few holidays disrupted", leading it to conclude "Well, That Escalated Quickly", the market continues to ignore the real risk: the upcoming central bank balance sheet taper which will have a dire and drastic impact on markets according to Citi's global head of credit product strategy, Matt King:

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