Markets & Market Moving News....
This Masquerade .....
S&P500 broken down by top 20 valuation measures
Americans Stunned As Stocks... Fall http://www.zerohedge.com/news/2016-07-21/americans-stunned-stocks-fall …
Stocks in a world of their own generally...
Energy Giant Schlumberger Fires Another 8,000 As "Market Conditions Worsened Further" http://zerohedge.com/news/2016-07-21/energy-giant-schlumberger-fires-another-8000-market-conditions-worsened-further
“The gasoline production numbers in the United States are just astounding” - Energy Analytics
ECB Hinting Taxpayer Bailouts For Bank - Again !
Bank stocks rise as Draghi proposes the development of a fully functioning NPL market where NPL could easily sold.
ICYMI: What Bonds Did The ECB Buy? "In Short, Almost Everything" http://www.zerohedge.com/news/2016-07-19/so-what-did-ecb-buy-short-almost-everything …
So a month ago there was "no possibility" for helicopter money; now there is
"Erdo-stein" Aka Frankenstein....
Military to be restructured after coup attempt, 'new blood' needed for army, Erdoğan says http://sabahdai.ly/GqR8IQ
Gülen’s case to be very high priority: US envoy http://bit.ly/29VtsSN
Turkey makes veiled threat if Gulen not extradited by the US..
DBRS cuts Turkey to junk..
#Turkey - EU calls authorities to respect rule of law, human rigths and fundamental freedoms under any circumstances http://eeas.europa.eu/statements-eeas/2016/160721_01_en.htm …
8 Turkish soldiers to remain in custody in #Greece pending asylum hearing. Received suspended 2-mth sentences for entering country illegally
29 personnel suspended from duty in Turkey’s media watchdog http://bit.ly/29VKQXL
Turkey to suspend European Convention on Human Rights - a/o step that will displease the European Parliament.
UK Items For Thursday...
Lol; couldn't make it up. @fredwalton216
So... official Brexit talks to start in mid- to - late February, Theresa May says
Hollande: there cannot be informal discussions or talks before the negotiations. But we can prepare the talks.
Hollande: will be a choice for UK to remain in the single market and keep free movement of people. Or something else. Thats the negotiation
May: Discussed the Le Touquet agreement. Hollande clear he wants it to stay
May making the rounds in Europe to touch base with EU countries affected by Brexit...
Odds & Ends....
For Roger "Turn Out The Lights"
UPDATE: Roger Ailes resigns as chairman and CEO of Fox News effective immediately. http://nbcnews.to/29WKsIx
GNA slams deployment of French troops to Libya, after helicopter crash http://libyas.tv/p6lr1
Meanwhile in the Mediterranean
Fifty one refugees, migrants reach Lesvos http://dlvr.it/LrcxSS
Fears for long-term decline in cruise visitors due to Turkish unrest http://dlvr.it/Lrmc8l
ATHEX: Another quiet day on bourse http://dlvr.it/LrmC7M
Interior Minister catching flak..
Shi'a militias oppose American involvement in Mosul campaign - threaten American troops will be legitimate targets.
Most interesting tidbit from GOP Convention so far...
EU must accept hundreds of thousands of refugees a year-spend at least 30 billion or else.I hear votes for "else".
US needs to take the gloves off and deal with Al-Nusra in Syria now.