Ecommerce Spikes by Most Ever. Brick & Mortar Melts Down. Department Stores are Toast

What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates. By Wolf Richter for WOLF STREET. Ecommerce retail sales jumped 16.4% in the fourth quarter 2019 compared to a year earlier (not seasonally adjusted), to $187 billion, and reached $602 billion for the year, double the amount five years ago, according to … Read more

China shut down -Japan in recession -Germany in recession -Major US company warnings -Inverted yield curves

https://twitter.com/dynamicvol/status/1230505556009529344 Terrifying Charts Show China's Economy Remains Completely Paralyzed: https://t.co/AbhBHAc7Ym $ASHR $FXI pic.twitter.com/3zo346Wvvp — Jesse Colombo (@TheBubbleBubble) February 20, 2020 Now that's a bull market! https://t.co/KJZKIeLeQ4 — Hilliard MacBeth (@hmacbe) February 20, 2020 "It's not just Evergrande’s enormous debt pile, $88.46B as of June last yr. Accts payable—money owed to suppliers—hit $93.36B in June '19, … Read more

“The Fed has really backed itself into a corner…I hear the willingness and desire to rein this in but I don’t think the markets going to allow it. It is a monster of their own making.” @DimartinoBooth

"The Fed has really backed itself into a corner…I hear the willingness and desire to rein this in but I don't think the markets going to allow it. It is a monster of their own making." @DimartinoBooth via @BoomBust — https://t.co/OhOEs6V7ZJ#BoomBust #QuillIntelligence — Danielle DiMartino Booth (@DiMartinoBooth) February 20, 2020  

AMD Stocks surged 34% – Hitting 61 by Friday morning, DD inside

by teacher1231231234 Advanced Micro Devices Stock Surged 34% After This Signal https://www.investopedia.com/advanced-micro-devices-stock-surged-34-after-this-signal-4796800 Wells Fargo banker trying to play early morning PUTS for his bear friends; he thinks his opinion matters. He works for Wells Fargo is honestly all the DD you need. Take his baby dip this morning and ride it to the moon. ​ … Read more

JP Morgan: The Bubble in Defensive & Tech Stocks ‘Will Likely Collapse’

Since the coronavirus outbreak, hedge funds have shifted their allocation to low-volatility and defensive names on a record level, according to JPMorgan’s quant guru Marko Kolanovic. “The bubble we are describing is expressed in equity factors … We caution investors that this bubble will likely collapse, i.e. this time is not ‘different,’” Kolanovic said. Kolanovic … Read more

China announced new changes to the case definition. Clinically-diagnosed cases will no longer be considered confirmed in Hubei; diagnostic testing will needed for confirmation.

China announced new changes to the case definition. Clinically-diagnosed cases will no longer be considered confirmed in Hubei; diagnostic testing will needed for confirmation. pic.twitter.com/ANnk2cGXIO — Caitlin Rivers (@cmyeaton) February 19, 2020 It's Just the Flu Crowd: See, see if you're under 50 you have nothing to worry about. First, that's disgusting. Second, you still … Read more

South Korea reports first coronavirus death as millions urged to stay home

by Sp South Korea reports first coronavirus death as millions urged to stay home South Korea reported its first death from the new virus on Thursday while the mayor of a southeastern city urged its 2.5 million people to stay inside as infections linked to a church congregation spiked. https://www.thestar.com/news/world/asia/2020/02/20/south-korea-reports-first-coronavirus-death-as-millions-urged-to-stay-home.html ====================== Korea coronavirus cases double; … Read more

Repo are used to push few stocks like Apple, Microsoft & amazon to keep the stock market alive & to sell everything meanwhile the economy is falling apart and everyone is long

The conclusion after these news is that repo are used to push few stocks like Apple, Microsoft & amazon to keep the stock market alive & to sell everything meanwhile the economy is falling apart and everyone is long pic.twitter.com/VZSVicqxpv — Alessio (@AlessioTMAD) February 19, 2020 Central bankers are either out of touch with reality, … Read more

My dad emailed me a Marketwatch article about Tesla I might sell everything I own tomorrow

https://twitter.com/gwestr/status/1229967859389882369 This is among the most absurd things you'll ever see. A company that showed a 34% y-y decline in revenue from its largest market.$TSLAQ pic.twitter.com/7U7KvtDFXx — Peter DeCaprio (@cppinvest) February 19, 2020 I love Lisa’s twitter feed. Pure info, no nonsense https://t.co/3g6DMEe7tK — Live Monitor (@amlivemon) February 19, 2020 From @sentimentrader: over 1/2 of … Read more

The World’s Best Kept Investment Secret

by Egon von Greyerz There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century. But it is not just an investment, it is the best hedge that anyone can buy against: A … Read more

Decoding Media Speak & What You Can Do About It

by Lance Roberts Just recently, the Institutional Investor website published a brilliant piece entitled “Asset Manager B.S. Decoded.” “The investment chief for one institution-sized single-family fortune decided to put pen to paper, translating these overused phrases, sales jargon, and excuses into plain — and satirical — English.” A Translation Guide to Asset Manager-Speak Now is a … Read more

Virgin Galactic ‘overdue’ for a correction, Morgan Stanley says after 310% rally in 3 months

https://www.cnbc.com/2020/02/20/virgin-galactic-stock-spce-overdue-for-correction-after-rally-morgan-stanley.html Virgin Galactic’s stock has climbed 310% in the past three months, a rally that caught even bullish Morgan Stanley by surprise. “A modest correction is overdue, and frankly, healthy, in our opinion,” Morgan Stanley said. Virgin Galactic has become Wall Street’s favorite speculative play, with the stock surpassing even Apple and Tesla as the … Read more

Another Major Car Maker Is Backing Hydrogen

By Jon LeSage The hydrogen fuel cell market has a serious player emerging in South Korean automaker Hyundai Motor Corp., which is jumping into the hydrogen truck market to compete with Nikola, Toyota, and Tesla’s Cybertruck and Semi. Hyundai and Yeosu Gwangyang Port Corp. are partnering to commercialize hydrogen fuel-cell trucks in South Korea. An agreement between the automaker and … Read more

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers.

via promarket: “The World Bank Group considers corruption a major challenge to its twin goals of ending extreme poverty by 2030 and boosting shared prosperity for the poorest 40 percent of people in developing countries.” On its website, the World Bank acknowledges that corruption is one of the main obstacles to development. However, according to a new study, World … Read more

RARE SIGNS OF SANITY IN CALIFORNIA:

That Freelance Job-Killing Law Is So Bad That the California Legislature May Dump It Next Week. But note this: Next week, Republican Assemblyman Kevin Kiley is hoping that enough California lawmakers have received enough blowback to put a stop to the madness…They should just blow up AB 5 and pretend it never happened, but Kiley’s … Read more