On Wire

Breaking news, updates, and reports on current events.

Robinhooders love bankruptcies… 78% of fund managers say the market is overvalued… More zombie companies

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ROBINHOODERS LOVE BANKRUPTCIES pic.twitter.com/43AeEiljev — Win Smart, CFA (@WinfieldSmart) June 16, 2020 78% of fund managers say the market is overvalued pic.twitter.com/xYRf9ZzCAk — Win Smart, CFA (@WinfieldSmart) June 16, 2020 What’s going on with the stock market? I think this is right: there was an incipient financial crisis in March that caused a massive sell-off, … Read more

Covenant relief… (liquidity crisis vs solvency crisis)

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Covenant relief… (liquidity crisis vs solvency crisis) pic.twitter.com/r3rmdstf6z — Callum Thomas (@Callum_Thomas) June 16, 2020 Powell warns of ‘significant uncertainty’ about the recovery and says small businesses are at risk Fed Chairman Jerome Powell warned that “significant uncertainty remains about the timing and strength of the recovery.” The central bank leader made the remarks during … Read more

How the U.S. is faring in the public-health race to safely reopen schools, businesses and daily life… Coronavirus new cases are still HIGH

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How the U.S. is faring in the public-health race to safely reopen schools, businesses and daily life 🏥 Coronavirus new cases are still HIGH https://t.co/WCSDkwPfPO @wsj #Publicsafety #coronavirus #Covid_19 #pandemic #WearAMask #SocialDistancing #WashYourHands #patientsafety https://t.co/1UhgsFcqOB pic.twitter.com/BHs22kss3M — Farzana R Hossain MD (@fr_hossain) June 16, 2020 https://twitter.com/L0gg0l/status/1272985803359162372 *TEXAS VIRUS HOSPITALIZATIONS RISE 8.3%, MOST IN ALMOST 2 … Read more

BIGGEST GAIN EVER!!!?

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May US retail sales report: MoM bulls be like 🥳 YoY bears be like 😱 pic.twitter.com/5VGw24LNx8 — Julien Bittel, CFA (@BittelJulien) June 16, 2020 CREDIT CARD DELINQUENCY pic.twitter.com/XdItlDyLfX — Win Smart, CFA (@WinfieldSmart) June 16, 2020 Funny, no one talking about this number on #Fintwit today… https://t.co/Q4rWTA4GvM — Mark W. Yusko – Two Point One … Read more

I fought the Fed and the Fed won (SPY)

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by torrentialtacos Don’t fight the Fed, JPow’s printer is barely warmed up. I was up over 340% for the month from a number of solid plays: DLTR, CHWY, MGM, TSLA, etc. Gains leading up to my losses: http://imgur.com/gallery/DDFrZhR Positions for losses: an unlucky run of SPY Calls and Puts that inversed the market at every … Read more

Scott Minerd: Markets May Crash So Badly the Fed Has to Start Buying Stocks… Stephen Roach: A Dollar Crash Is Virtually Inevitable

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Scott Minerd: Markets May Crash So Badly the Fed Has to Start Buying Stocks “There’s a point where the Federal Reserve is going to have to pull out a bazooka,” Minerd said in an interview. “And I think the option of buying stocks on the part of the Fed is on the table.”     … Read more

LMAO! Fed’s Powell says central bank has no desire to run though financial markets like “an elephant,” in response to a question about Fed corporate bond buying.

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Fed's Powell says central bank has no desire to run though financial markets like "an elephant," in response to a question about Fed corporate bond buying.🤔👇 pic.twitter.com/KuiVnHCG1E — M/1_LP (@MI_Investments) June 16, 2020 Powell Says the Fed Doesn’t Want to ‘Run through the Bond Market like an Elephant’ Powell said the central bank’s announced move … Read more

America, get ready for your new police-free reality (Good time to buy more ammo)

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by DCG Buy. Lots. Of. Ammo. When the left say they want to abolish the police, they mean it. The reality of the progressive #defundpolice/BLM agenda: Some 19 Atlanta officers have resigned after Rayshard Brooks shooting 10 SWAT members in South Florida resign from unit, saying they feel unsafely restrained by politics Seven Minneapolis police officers resign after George Floyd protests, citing lack of … Read more

Chesapeake May Go Bankrupt This Week

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By Charles Kennedy Chesapeake Energy could file for Chapter 11 bankruptcy protection later this week, according to unnamed sources who spoke to Reuters. A separate report by MarketWatch also cited an unnamed source as saying that this week was the week for Chesapeake to throw in the towel. According to Reuters’ sources, the shale major was currently negotiating a … Read more

German Debt Grows by €412 Billion Euros

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by Martin Armstrong Germany’s debts are growing by almost half a trillion euros this year due to the corona crisis — and have thus reached a new historical high. In 2019, the Germany public debt was €2.053 trillion euros ($2.3 trillion dollars), which was decreasing marginally by about €145 billion since 2018. This amount worked … Read more

The “SECOND WAVE” Lockdown Is Coming! – Despite Science, Governments Want To Lockdown AGAIN!

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Josh Sigurdson reports on the insanity of another potential lockdown and how the global establishment is attempting to present the cast for a “second wave” despite the latest scientific studies out of the CDC itself showing that the numbers are incredibly minimal. The numbers show a rate of 0.04% for those with the illness including … Read more

Police reform may quell some of the distress. But there’s about to be a massive drop-off in help for the unemployed. And that’s when things may explode.

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by mark000 https://www.thedailybeast.com/americas-social-unrest-is-about-to-get-much-worse-congress-fears “I don’t think we can ignore the fact that this civil unrest is happening against the backdrop of 20 percent unemployment,” & In a June 2 statement before the Senate Banking Committee, on which he is the top Democrat, Sen. Sherrod Brown (D-OH) sought to connect the issues gripping the country: “Our … Read more