On Wire

Breaking news, updates, and reports on current events.

Margin call: liquidation not completed yet $VIAC $DISCA

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by Margincall69 Two major banks (so far) have announced major multi-billion losses in relation the forced liquidation of Archegos’ trades, Nomura and CS. Here is CS’ statement released early today: https://preview.redd.it/j8vmfwm04xp61.png?width=1158&format=png&auto=webp&s=93ce6e086cd7e481eb5de3de51fc91a51291b9dc It tends to confirm that liquidation is not over yet, so brace for further impact in stocks like VIAC, DISCA… Forced liquidation is messy … Read more

Bonds vs Stocks and Short Term Returns: Now is not the Time to Panic

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by Kaawumba Robert Shiller has discovered a backward looking metric, which he calls Excess CAPE Yield (ECY), that shows a correlation with future returns. He discusses it in a blog post (https://www.project-syndicate.org/commentary/making-sense-of-soaring-stock-prices-by-robert-j-shiller-et-al-2020-11), but doesn’t go into that much detail. He does share the underlying data on-line. Essentially, ECY measures how desirable stocks are compared to bonds, … Read more

ARKX will be listed on Tuesday, March 30 2021

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by reggieoninvesting According to CBOE, ARKX will begin trading on Tuesday, March 30, 2021.https://markets.cboe.com/us/equities/notices/new_listings/details/?etf=true&firm_name=ARK&first_trade_dt=2021-03-30&ipo=true&symbols=ARKX Here are some stocks and SPACS that could be in their holdings. I made a spreadsheet so you can see my full list there. I’ve also included the holdings for the Japan Space Exploration Mutual Fund for December 2020 through March 2021 with … Read more

Credit Suisse to have significant loss from hedge fund default

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https://www.bloomberg.com/news/articles/2021-03-29/credit-suisse-flags-potential-significant-loss-from-hedge-fund ​ The article is linked above, we should dig more into this as news comes out and find out the exact causes. Apparently 20B in shares had to be sold, that just doesn’t happen left and right. This is a rather rare occurrence in my opinion. ​ Remember before the financial crisis there were … Read more

ARK is amending prospectus language for its ETFs

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by ShaidarHaran2 https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465921042507/tm2110363-5_497.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465920129560/tm2031206-1_485bpos.htm#a_additionalrisk Specify risks of investing in SPACs Remove limit on ADRs, warrants, preferreds, etc Remove 10% limit on investing of assets in single firm, up to 30% now Remove limit on investing in 20+% of a single firm’s shares Seems to allow them to make even bigger bets on specific plays, i.e … Read more

Bill Hwang’s firm just went bust, prime brokers like Goldman Sachs, Morgan Stanley, Credit Suisse, and Nomura still have $22-30 Billion of his books to liquidate

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by lolfunctionspace Capital requirements were 12-20%, call it 15% on average so could have been 5-6x leveraged with a small cushion. Something like 20b in capital – 80b longs and 40b shorts. Tech / growth tech vs a lot of s&p on short side. 2/ — Jeff Davies, the Energy OG (@EnergyCredit1) March 28, 2021 … Read more

Tech, Housing, Stock, Bitcoin Bubble Is Going To Burst

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#recession … #Tech #Bubble 2.0 edition#ARK #ARKinvest $ARKK 📉 https://t.co/fAsGbR80cL — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #Fed Pushing on a String edition https://t.co/AEbTgSzyGi — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #GFC2 US #Housing #Bubble 2.0 edition#RealEstate 📉 https://t.co/3syICJca3X — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #StockMarket #Bubble edition … Read more

If Social Security Were Really a Trust Fund “There Would Be Lawsuits Everywhere”

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Via Birch Gold If Social Security were one of your private investments, instead of an entitlement, you might actually look for other options. Here’s why. Nominal Interest Rates On Special Issues in APY. From the Office of the Chief Actuary, Social Security Administration. Since 2000, the Social Security Trust Fund has consistently been earning a lower … Read more

Ted Cruz video of kids in cages

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How far is Joe Biden going to stop the American people from seeing inside the Donna CBP facility? Biden sent a political operative from DC to block our cameras and even threatened another senator to obstruct legitimate congressional oversight. pic.twitter.com/vHT2U7Nh1z — Ted Cruz (@tedcruz) March 28, 2021   h/t javierruizleon

If you want to live a longer, healthier life, never go to sleep on an argument

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Author: ‘Daily stressors — specifically the minor, small inconveniences that we have throughout the day — even those have lasting impacts on mortality.’ CORVALLIS, Ore. — Does an argument at the office on Monday still gnaw at you on Friday? Daily stressors come at people from all directions and some negative situations are simply unavoidable. However, … Read more

93% of People Who Negotiate Medical Bills See It Reduced or Dropped Entirely

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Many Americans who have had medical debt have attempted to negotiate their medical bills — and a majority have experienced positive results, according to a new survey. About 93% of people who negotiate a medical bill have seen it reduce or drop entirely, according to a new survey by LendingTree, which highlighted the impact of medical debt on Americans. The online loan marketplace discovered … Read more

Suez Canal Trafic Report

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The former traffic reporter in me couldn’t resist giving you a Suez Canal traffic update… pic.twitter.com/1CssLkQDty — Jon Hansen (@JonHansenTalks) March 26, 2021 And Ethiopia doesn’t have a coast. I am learning a lot about African geography today that I absolutely should have known already. Bonus! — Jon Hansen (@JonHansenTalks) March 26, 2021 h/t Hall of … Read more

AUD $1,000 a day – that is how much Sydney house prices are rising. Experts say cheap loans and a lack of available stock will drive that figure

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$1,000 a day – that is how much Sydney house prices are rising. Experts say cheap loans and a lack of available stock will drive that figure even higher, and that could have an impact on home loans. 7NEWS at 6pm. https://t.co/h2ZAMYif8E #7NEWS pic.twitter.com/bb2gB4Q4MY — 7NEWS Sydney (@7NewsSydney) March 25, 2021 https://www.youtube.com/watch?v=znd2Bl06DkU

Wall Street banks ditch $19 billion of stocks in ‘unprecedented’ block trade selloff – media

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Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week. Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the … Read more

The Scream! Buffett Indicator Sky High Along With Home Prices As Money Printing Has Goes Wild!!

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by confoundedinterest17 The Scream! Out-of-control money printing, dead money velocity and collapsing purchasing power of the dollar. (Bloomberg) — With U.S. equity indexes rising to fresh records again this week, one of Warren Buffett’s most-famous catchphrases comes to mind: Investors should “be fearful when others are greedy.” Any Buffett disciple who checks in on the billionaire investor’s favorite market … Read more

Wow that is a lot of ships waiting to get through the Suez Canal

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Wow that is a lot of ships waiting to get through the Suez Canal 😯 https://t.co/8PQy4COkPU — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) March 28, 2021 https://twitter.com/juliacarriew/status/1376311807657140224 *SUEZ CANAL AUTHORITY CHAIRMAN SAYS 321 SHIPS WAITING TO TRANSIT CANAL pic.twitter.com/BsKI7mbXKJ — Investing.com (@Investingcom) March 28, 2021