https://twitter.com/Galactic_Trader/status/1410632664185462789
U.S. Deficit to Total $3 Trillion in Fiscal 2021: CBO
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate Thursday that swelled 33% from the last forecast.
The combination of the Fed pivot, extreme overvaluations, declining bond yields, spread of the delta variant, and rotation back to Tech – means that the massively crowded global cyclical rally is on the verge of going bidless.https://t.co/utI1dvStOX pic.twitter.com/7aR8iJGbpu
— Mac10 (@SuburbanDrone) July 1, 2021
https://twitter.com/edwardnh/status/1410600485036257284
https://twitter.com/NorthmanTrader/status/1410626325098995717
most shorted index running into some resistance here pic.twitter.com/nBD3z5vNUV
— Alastair (@StockBoardAsset) July 1, 2021
If you're not watching $DXY, you should keep an eye👀on it.
— Steven Van Metre – AI 👑 (@MetreSteven) July 1, 2021
you don't need goldman to understand it… https://t.co/aETTVxsPZ1
— Alessio (@AlessioTMAD) July 1, 2021
#Robinhood targets valuation of at least $40bn in IPO. Said revenues more than tripled to $959m last year, from $278m in 2019, and its explosive growth continued in the first quarter of this year. https://t.co/xtHNL7xDd8 pic.twitter.com/COKzGLKeqA
— Holger Zschaepitz (@Schuldensuehner) July 1, 2021
The Fed has a problem. It did a hawkish shift on June 16, but long term yields – which drive US financial conditions & thus growth – are down since then. How is the Fed supposed to tighten if financial transmission is broken? Only solution is to sound more hawkish more often… pic.twitter.com/tZMolLg1AI
— Robin Brooks (@robin_j_brooks) July 1, 2021
— litquidity (@litcapital) July 1, 2021
everything is so dumb pic.twitter.com/WcZkk1C5Xj
— Matt Levine (@matt_levine) July 1, 2021