Markets
Congress quietly formed a committee to bail out 200 pension funds (The Sovereign Man)
Financial ‘fragility’ could threaten more retirees in coming years (USA Today)
66% Of Working U.S. Millennials Have Nothing Saved For Retirement (Forbes)
65% of Americans save little or nothing – and half could end up struggling in retirement (CNBC)
Two dreaded words – mean reversion – take hold of the U.S. stock market (MarketWatch)
U.S. Stock Market – The Flight to Fantasy (Acting Man)
The stock market meltup is over: Morgan Stanley (Marketwatch)
Goldman Sees ‘Financial Fragility’ Rising in Markets (Bloomberg)
A Dow Theory sell signal could trigger a selling avalanche (MarketWatch)
The Fed Is Now A ‘Wet Blanket’ For Stocks (Forbes)
Democrats plan crackdown on booming stock buybacks (CNNMoney)
Fed Chair Powell warns some asset prices are ‘elevated’ including stocks (CNBC)
Bill Gross: The Fed won’t be able to hike rates as high as they’d like (CNBC)
Are You Sure Oil Is A Good Bet? The Previous Slump Lasted About 100 Years (Forbes)
New Home Sales Decline 0.6%, Near Expectations, Prices Jump (Mike “Mish” Shedlock)
Volatile Periods Can Produce Satisfying Returns (Chris Ciovacco)
Economy
Fed raises rates, signals confidence in strengthening economy (Reuters)
For consumers with credit-card debt, Fed rate hike will sting (Marketwatch)
How The Fed Rate Increase Impacts Credit Card Debt (Forbes)
Stephanie Pomboy: How the Fed Will Trigger the Next Crash (Barrons)
What boom? The U.S. economy is off to a ‘meh’ start to 2018 (CNN Money)
Ultimate Indicator (Fertility) Suggests U.S. Never Recovered From the Great Financial Crisis (Econimica)
How commodities may be signaling a global economic slowdown (Marketwatch)
‘Global Synchronous Recovery’ Narrative Crushed As US, EU PMIs Plunge (ZeroHedge)
The Manhattan Luxury-Home Market Is Screaming: I’m Overpriced! (Bloomberg)
San Francisco is so expensive that more people are leaving than moving in (Business Insider)
Californians Flee The State In Droves Over Taxation And Housing Costs (SHTFPlan.com)
Facebook, Uber and the end of the Great American Tech Delusion (Asia Times)
The Four Triggers For The ‘Big Data’ Bubble To Burst (ZeroHedge)
Look No Further Than U.S. Corporate Debt for Libor’s Next Victim (Bloomberg)
Guggenheim’s Minerd: “Zombie Companies” Will Be Crushed By Rising Libor (ZeroHedge)
Guggenheim’s Scott Minerd Sees Defaults, U.S. Recession on the Horizon (Bloomberg)
Goldman Sachs CEO Lloyd Blankfein says sovereign balance sheets look risky (Reuters)
Janus’ Gross says U.S., global economies too leveraged for aggressive Fed (Reuters)
Americans’ Economic Expectations Match Highest Level Since 2002 (Bloomberg)
Central Bank Money Rules the World (Daily Reckoning)
The Central Bank Bubble: It Will Be Ugly (Gold Telegraph)
$21 Trillion And Counting: Why This Time The Fiscal Wolf Is Really At The Door (David Stockman)
The Next Recession Might Be Worse Than the Great Depression (John Mauldin)
An aging workforce and automation might be creating an economic storm (John Mauldin)
Trump Launches $50bn in Tariffs, Says China is “Out of Control” (Mike “Mish” Shedlock)
At $21 TRILLION, the national debt is growing 36% faster than the US economy (The Sovereign Man)
US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion (Wolf Street)
New Budget Announces Spending Spree (Economics21.org)
Earlier on Real Investment Advice
The Growth and Inflation Scare of 2018 (Peter Cook, CFA)
PIMCO: “New Neutral” Mostly Intact (John Coumarianos)
Nomi Prins: The Fed & The Global “Collusion” (Lance Roberts)
The Debtor’s Prism (Lance Roberts)
A Day At The Beach, Part 1 (John Coumarianos)
A Day At The Beach, Part 2 — Global Asset Allocation (John Coumarianos)
Fasten Your Seat Belt, Turbulence Ahead (Michael Lebowitz)
The World’s Most Misunderstood Investment – Part 1 (Richard Rosso)
FB, AMZN, GOOG – “Too Big To Fail?” (Doug Kass)
Crude Oil Breaks Out, But Will It Last? (Jesse Colombo)
Technically Speaking: The “Walking Dead” Market – 3000 or 1500? (Lance Roberts)
Recession: When You See It, It Will Be Too Late (Lance Roberts)
Has The Market Already Peaked For 2018? (Doug Kass)