On Wire

Breaking news, updates, and reports on current events.

Proposed California Law Would Legalize Magic Mushrooms, MDMA, LSD, And Other Psychedelic Drugs

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A proposal that would allow the possession, cultivation, use, and “sharing” of most psychedelic drugs in California was formally introduced in the state Legislature on Thursday. SB 519, sponsored by state Sen. Scott Wiener, who represents San Francisco in the state Senate, would permit the personal possession and “social sharing” of psilocybin mushrooms, LSD, ketamine, MDMA, … Read more

CONFIRMED: Trump Is Speaking at CPAC

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The 2021 Conservative Political Action Conference (CPAC) will be held in Florida this year. A spokesperson for CPAC confirmed on Saturday that former President Trump will once again be a keynote speaker at the event. A spokesperson for CPAC confirmed to the New York Post that the former president is expected to speak at the conservative conference … Read more

Taking a look at Corsair Gaming $CRSR

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by SanoKei Lets take a look at Corsair Gaming. Lets first take a look at the bearish case and then the bullish case. I will discuss Corsair more after. Bearish case: -Significant insider selling. Institutional ownership has decreased steadily. On 1/29 it was 17.7% today 2/19 it is 15%[1] -Short volume (higher is better) has … Read more

Snow cover in North America – off the charts

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So I checked out of curiosity…so much snow!! 1. Total snow mass for the Northern Hemisphere is riding above the average (1982-2012) by some 600 gigatons 2. Snow cover in North America – off the charts pic.twitter.com/IIV9sddmTU — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) February 20, 2021

Every time the VVIX correlation coefficient crosses -.30, there’s a big reaction. Let’s see if it happens again

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https://twitter.com/matrbk/status/1362931540951375875 Everyone is NOT long Equities (cont.): Futures traders have cut exposure aggressively – even as $SPX holds near the highs. The 2-week positioning change is the most negative in history – previously only seen at bottoms. Futures traders now hold a total of ZERO Stock exposure. pic.twitter.com/nYbweLCtyO — Macro Charts (@MacroCharts) February 20, 2021 … Read more

Inflation scare justified?

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Inflation scare justified? The Covid triggered lockdowns in Western world will turn out to have marked bottoming out in money velocity, Jefferies' Wood says. He expects the first justified inflation scare in US economy, on the post-Covid re-opening trade, since start of 1980s. pic.twitter.com/hUkmhqTolk — Holger Zschaepitz (@Schuldensuehner) February 20, 2021 Rents in Manhattan & … Read more

The next #repo #crisis is coming.

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The banking system is flooded with liquidity, with companies trying to find a home for their cash balances. The overnight repo rate is negative again. World is upside down pic.twitter.com/To0kmFNJKi — Menthor Q (@MenthorQpro) February 19, 2021 Investment grade bonds no longer offer a positive #yield! pic.twitter.com/QTrglmuB5O — jeroen blokland (@jsblokland) February 20, 2021  

Breaking Down America’s Imports and Exports by Product

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by howmuch America exports $2.84 trillion in services, nearly twice the $1.85 trillion it imports. Imports of goods stood at $9.23 trillion in 2020, nearly twice the $5.67 trillion it exports. The difference between imports and exports of consumer goods, except food and automotive is $1.85 trillion, the largest imbalance favoring imports. On the flip … Read more