Sticky post Archives - Page 3 of 154

Who isn’t cutting jobs? You know what first thing a broke middle class employee with two kids does when they lose their job and can’t make the mortgage. Take the penalty and cash in the 401k. Companies need to sell stock, boomers, and now working class. Market on borrowed time

May 22, 2020 5:12 pm

https://twitter.com/hks55/status/1263914696513650693 Dell Halts 401(k) Matching, Pay Raises, Hiring to Preserve Cash JP Morgan: "We raise our forecast of the unemployment rate and expect it to stay above 10% through year-end" "We are less confident in 2021 growth prospects and see …

How I finally learned “You can’t time the market”

May 22, 2020 2:19 pm

by devilmaskrascal I cashed out about 40% of my positions a month ago. I bought a bunch of stocks I liked long-term near bottom and my portfolio had made it back to pre-COVID breakeven, but I got spooked by economist …

Fed’s Money Printing & Bail-Out Policies Are Driving Investors Out Of US Assets?

May 22, 2020 2:18 pm

Dan Becker interviewed by Chris Marcus on Arcadia Economics With the world increasingly realizing that the Federal Reserve’s plan is apparently to print and assume any and every obligation in the financial system, not surprisingly, the smart investors are already diversifying away the …

That’s it; the top is here. Many Americans used part of their coronavirus stimulus check to trade stocks

May 22, 2020 2:15 pm

by j33tAy Many Americans used part of their coronavirus stimulus check to trade stocks Trading stocks was among the most common uses for the government stimulus checks in nearly every income bracket, according to software and data aggregation company Envestnet …

Marc Lasry says the market will eventually realize the U.S. will be in a recession ‘for a while’… Banks will struggle to generate profits even as the global economy recovers

May 22, 2020 2:10 pm

Marc Lasry says the market will eventually realize the U.S. will be in a recession 'for a while' https://t.co/zGwTEIB74C — CNBC (@CNBC) May 21, 2020 Banks will struggle to generate profits even as the global economy recovers, IMF says https://t.co/L2cYMF9xcY …

David Stockman: There will be a massive stampede into real money … Rick Rule: How not to lose money in gold and silver stocks …

May 22, 2020 2:03 pm

BY JOHN RUBINO David Stockman: There will be a massive stampede into real money … Rick Rule: How not to lose money in gold and silver stocks … Mike Maloney: How deflation turns into hyperinflation … Daniel Lacalle: How gold performs …

US Secretary of State: The United States condemns the PRC proposal to impose national security legislation on Hong Kong and strongly urges Beijing to reconsider. We stand with the people of Hong Kong.

May 23, 2020 10:01 pmMay 22, 2020 12:18 pm

by NineteenEighty9 The United States condemns the PRC proposal to impose national security legislation on Hong Kong and strongly urges Beijing to reconsider. We stand with the people of Hong Kong. — Secretary Pompeo (@SecPompeo) May 22, 2020 Nancy Pelosi has …

CRITICAL Price Level Could Prompt A BIG MOVE In The Stock Market After Holiday

May 22, 2020 11:31 am

by Chris Vermeulen of The Technical Traders As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued …

Median Home Price Does Classic Head-Fake as Home Sales Plunge and Condo Sales Collapse

May 23, 2020 10:01 pmMay 22, 2020 7:49 am

Turmoil in the housing market and its impact on the “median price.” By Wolf Richter for WOLF STREET. Across the US, despite record low mortgage rates, sales of “existing homes” – closed transactions of previously owned single-family houses, townhouses, condos, and co-ops – …

The Worst Unemployment Spike In U.S. History – 1 Out Of Every 4 Workers Has Filed For Unemployment Benefits In 2020

May 23, 2020 10:01 pmMay 22, 2020 7:49 am

by Michael Snyder Even though most U.S. states have begun the process of “reopening” their economies, the unprecedented tsunami of job losses that we have been experiencing just continues to roll on. On Thursday, we learned that another 2.4 million …

Perfect SPY Elliott Wave setup

May 21, 2020 9:31 pm

by AvailableLight3 SPY just completed a textbook perfect Elliott Wave impulse and is starting a nice looking correction as well. Yes, this is chart crayon drawing and I usually don’t pay attention to this stuff, but this market is so …

Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….!

May 21, 2020 9:29 pm

Imagine Fed’s surprise when they realise that another Deflationary Bust is developing…. despite flooding the system with money….! https://t.co/NYZkvXlLxG — Henrik Zeberg (@HenrikZeberg) May 21, 2020 Again. The Fed just bought another $80b in mortgage backed securities. It accounted for …

According to the Fed model for evaluating equities, the S&P 500 is fairly valued at 7500 (conservatively).

May 21, 2020 9:27 pm

by trollhard9000 According to the Wikipedia entry for the Fed model for evaluating equities: In its strongest form the Fed model states that bond and stock market are in equilibrium, and fairly valued, when the one-year forward-looking earnings yield equals the …

Groceries ticking up

May 21, 2020 9:24 pm

by MakeTotalDestr0i

What if jobs don’t come back? Stanford study says 42% of job losses will result in permanent job loss. It’s a perfect storm of stupid in the stock market right now

May 23, 2020 10:01 pmMay 21, 2020 9:23 pm

Many Jobs May Vanish Forever as Layoffs Mount With over 38 million U.S. unemployment claims in nine weeks, one economist says the situation is “grimmer than we thought.” The PDF of the Borrero, Bloom, and Davis working paper I’ll try to …

Just the brrr-ginning$

May 21, 2020 9:20 pm

Just the brrr-ginning$ pic.twitter.com/N3mJlezh8f — James Henry Anderson (@jameshenryand) May 21, 2020 78 Central Banks around the world have cut interest rates in 2020… pic.twitter.com/b3RSx9hiLY — Charlie Bilello (@charliebilello) May 21, 2020

Earnings expectations have completely collapsed globally

May 21, 2020 9:17 pm

Earnings expectations have completely collapsed globally, but is that a good thing or a bad thing from a market cycle perspective? Here's the historical take + context: https://t.co/A7iWhi96pC pic.twitter.com/BMg7YezDW5 — Topdown Charts (@topdowncharts) May 21, 2020 #recession … #GFC2 edition …

Social Security Has a Big COLA Problem (Oh, And It May Be Insolvent in 9 Years)

May 23, 2020 10:01 pmMay 21, 2020 8:33 pm

From Birch Gold Group Back in February, we reported that next year’s Cost of Living Adjustment (COLA) from Social Security may get “infected” by coronavirus, thanks mainly to inflation. We suggested the COLA would not be enough to cover increased prices. And it …

Oil May Never Fully Recover From This Crisis

May 21, 2020 8:30 pm

By Irina Slav It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During the last downturn, the one that started from the …

$ESTC Soon to Rise, an unrecognized beneficiary of the Fortune 500’s E-Commerce Transition

May 21, 2020 9:25 pmMay 21, 2020 8:00 pm

by Frostyfragzz Storytime On April 27th, Mark Cohodes, a well-known short seller and investor, mentioned his bullishness on Camping World. His thesis was that people—needing a socially and medically acceptable form of escape / recreation—would turn to RVs and the outdoors, resulting …

Facebook buys Giphy for $400 million, Microsoft Acquires Softmotive, Uber looking to buy Grubhub, Apple buys Next VR for allegedly $100 million

May 21, 2020 5:31 pm

by EmployerOfTheMonth Lots of acquisitions buy big tech this month, what are your thoughts? https://www.axios.com/scoop-facebook-to-buy-giphy-for-400-million-4a75a359-833b-484d-b15b-87e94d3de017.html https://techcrunch.com/2020/05/19/microsoft-acquires-robotic-process-automation-platform-softomotive/ https://www.bloomberg.com/news/articles/2020-05-14/apple-acquires-startup-nextvr-to-gain-virtual-reality-content https://www.reuters.com/article/us-grubhub-m-a-uber/uber-offer-for-grubhub-fans-worries-over-delivery-fees-charged-to-restaurants-idUSKBN22Q1Q4

Production Drops 80%, Money Supply Doubles = ???

May 21, 2020 4:12 pm

https://www.youtube.com/watch?v=GJkjWsXMn_0 Can We Say Hyperinflation? Get Food Now While We Can

Retail has the largest long call option position in history. Citadel is about to take all their money. I can promise you that.

May 23, 2020 10:01 pmMay 21, 2020 2:25 pm

https://twitter.com/hks55/status/1263518901222113285 Why would you not going into a long weekend max long call options with soaring unemployment, leaders of the two biggest countries fighting, pandemic spreading, and no announced earnings revisions. Only thing I can think of more bullish is …

So Your Debt Keeps Growing? This How You Tackle It

May 23, 2020 10:01 pmMay 21, 2020 1:02 pm

by John Mauldin Ordinary problems don’t disappear during a crisis. Take debt, for example. If you were saddled with debt at the beginning of March, you’re still saddled with debt, and likely more of it. Where the heck do you even …

Mortgage delinquencies soar by most on record. Number of unpaid credit card accounts in April increased 10,000% from a year ago. Number of unpaid auto loans up 350%.

May 23, 2020 10:01 pmMay 21, 2020 9:38 am

Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills due to a wave of layoffs or lost income from the coronavirus pandemic. Mortgage delinquencies surged by 1.6 million in April, the …

A Crisis Of Confidence

May 20, 2020 11:36 pm

by Craig Hemke via Sprott Money News A Crisis of Confidence, Part Two – Craig Hemke (May 19, 2020) Back in March and April, a chasm opened between the dollar price of spot gold (XAU) and the front month COMEX futures contract. So-called …

Fight The Fed

May 21, 2020 2:27 pmMay 20, 2020 7:42 pm

by jessefelder “In my opinion, you have to be wildly optimistic to believe that corporate profits as a percent of GDP can, for any sustained period, hold much above 6%. One thing keeping the percentage down will be competition, which …

“There is no data we follow that is more worrying than this.”

May 21, 2020 2:27 pmMay 20, 2020 2:27 pm

by scuczu Tiny investors are historically bullish. Last week, the smallest of options traders (those who trade 10 contracts or fewer at a time) positioned themselves to bet on a rally, buying bullish calls and selling bearish puts at a …

SPY put holders right now

May 20, 2020 2:19 pm

by stapleosprey_the_god

The Fed has broken the very concept of markets.

May 20, 2020 2:17 pm

https://twitter.com/NorthmanTrader/status/1263048041352888321 https://twitter.com/hks55/status/1263124303014506502 https://twitter.com/hks55/status/1263107542101766153 United States Debt Holders By Size. Japan is the second largest holder of Treasuries. pic.twitter.com/Wfz44kCeDT — Daniel Lacalle (@dlacalle_IA) May 20, 2020 Central banks are causing massive inflation in sovereign bonds and disguising real risk. In any …