A couple pieces of news over the past 48 hours:
- A number of news outlets noted that the 3 year & 5 year T-bill yields inverted on Monday morning, an occurrence which last occurred in 2007. While this is less significant than the 10 year - 2 year curve, it affected trading today.
- The Dow is reported down 800 points (about 3%) this morning and the markets are poised to close day trading each down between 3.1% - 3.8%
- British PM lost three votes in Parliament today. A vote is set to take place next Tuesday (December 12th) on the deal May reached with the EU. If the vote does not pass, the Brexit process will be taken over by Parliament.
- In related news, May is being charged as in contempt of Parliament (interfering with law makers), as she had not published the full legal advice for her Brexit deal.
- Republican thought-leaders Lindsey Graham and Bob Corker asserted that Saudi Prince MBS was certainly complicit in the murder of Khashoggi. This came as they left a briefing by the CIA. Graham went so far to say that he no longer supported arm sales to Saudi Arabia.
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