Wild Theories

Global stocks rise on SoftBank bid for ARM, dollar up vs yen after Turkey crushes coup (Reuters) U.S. backs justice for coup plotters but urges Turkey to keep rule of law (Reuters) Law and Order Will Be a Big Republican Convention Them (WSJ) SoftBank to buy UK chip designer ARM in $32 billion cash deal (Reuters) Rate-starved U.S. banks happily gobble mortgage business (Reuters) Oil Prices Steady but Products Glut Looms (WSJ) Bank of America Profit Tumbles 19% As NIM Hits Record Low, EPS...

By Chris at www.CapitalistExploits.at I've been inundated with questions from many of you following the recent events. Brexit, that is, not Justin Timbertrouser's latest antics. While I can't publish all of them, I've selected what I think are some of the most important ones. A lot of questions were related to positioning during and post Brexit. I hate to mention it as I may choose to trade out of whatever I mention at any given moment so please bare that in mind.

Today was the second and final day of Janet Yellen's semiannual congressional testimony, after which she was said to have promptly departed to meet her colleagues in Basel, where they the world's key central bankers would meet the outcome of the Brexit vote together on the 18th floor of the BIS tower. But first she had to slog through three hours of repetitive, redundant, and absolutely meaningless questioning.