OPEC Chief Says not Targeting Specific Oil Price @FoxBusiness
http://www.foxbusiness.com/features/2016/10/11/opec-chief-says-not-targeting-specific-oil-price.html
Are You Making it Easy for Hackers to Steal Your Financial Info? @FoxBusiness
http://www.foxbusiness.com/features/2016/10/11/are-making-it-easy-for-hackers-to-steal-your-financial-info.html
Brexit Not All Bad? Tourists lap up plunging pound for bargain visits
http://www.reuters.com/article/us-britain-eu-tourism-idUSKCN12B27M
Russia’s Rosneft boss Sechin says no to OPEC oil cap
http://www.reuters.com/article/us-oil-opec-russia-sechin-idUSKCN12B0J1
China banks may need $1.7 trillion injection as credit quality worsens: S&P
http://www.reuters.com/article/us-china-debt-bankinjection-s-p-idUSKCN12B11A
U.S. inflation expectations retreat in September: NY Fed survey
http://www.reuters.com/article/us-usa-fed-inflation-survey-idUSKCN12B1VU
Required Reading
Trump attacks fleeing Republicans Putin shuns Paris visit after France offers talks only on Syria Supreme Court divided in juror race-bias dispute Rivers swollen by Hurricane Matthew inundate North Carolina towns Health workers race to vaccinate 41 million children against polio in Lake Chad: U.N. As prices plunge, Africa surges into clean, cheap solar energy
Listen To Tuesday’s Investor’s Edge Radio Show: 10.11.16
Listen To Investor’s Edge Radio Show 10/11/2016: Listen to today’s show by clicking here. https://archives.warpradio.com/btr/investorsedge/101118.mp3
Chart Of The Day: The Fed’s Hawkish-Dovish, Hawkish-Dovish Stance – In One Chart
Source: HedgEye Take a close look at that (ridiculous) chart. What it shows you is investor rate hike probabilities for November (grey line) and December (black line), overlaid with the myriad policy pivots (Fed commentary included). As crazy as it may sound, our omnipotent Fed has gone back and forth on its rate hike rhetoric 7 times…
The Closing Look
Stocks rallied on Monday as investors wait for earnings season to begin in earnest. Oil prices surged more than 3% after Russia said it was open to curbing production to support oil prices. Russian President Vladimir Putin said Russia is open to join a proposed cap on oil output by OPEC members. Investors also digested…