Breaking news, updates, and reports on current events.
Amazon founder and CEO Jeff Bezos said he’s “happy to lose” some business over his support of the Black Lives Matter movement, a remark that came in response to a customer’s racist rant. Bezos posted the customer’s email on Instagram over the weekend, redacting both the sender’s last name and use of a racial slur. … Read more
Look at this completely disgusting display. These BLM members beat a young black man unconscious. BLM are animals. No American, no matter what color your skin is, should support this horrific Satanic group. https://twitter.com/JustinMoldow/status/1269725451871813635 The young man might have died. It looks pretty bad. h/t SS
https://www.youtube.com/watch?time_continue=136&v=43DD6kVsQLE&feature=emb_logo America, the world, is going nuts.
There goes another record. 40% of S&P 500 members have RSIs above 70. Highest level in the history of the data! Macro, fundamentals & technicals all pointing to trouble ahead for equity markets. pic.twitter.com/jhfOxKMskZ — Otavio (Tavi) Costa (@TaviCosta) June 8, 2020 Stocks Have Not Been This Expensive in 19 Years The S&P 500 is … Read more
by AveenoFresh Kroger is the second largest grocer in the store behind Walmart. Their earnings are on the 18th. Let’s make some comparisons SpartanNash (SPTN) is an American food distributor and grocery store. They already reported earnings and beat estimates by $0.20/share. It had a 23% run-up before earnings ($16s -> $20s). Let’s also consider … Read more
Since 1929 Selloffs of 35% with an 85% recovery within 74 days has only happened ONCE Other selloffs have Average 1.5 years andonly happened 7 times in nearly 100 years So yes this is the stupidest market you will ever see 😘@DiMartinoBooth @agurevich23 @OpenOutcrier — Reminiscences of an American Capitalist (@4Awesometweet) June 8, 2020 If … Read more
by SpontaneousDisorder Here in the UK the government created a furlough scheme which pays employers 80 percent of their wages not to work (the same amount is received by the furloughed employee). This basically means an employer can layoff an employee almost for free, a pretty good deal during an economic collapse and government imposed … Read more
OUR MARKET IS MOST INSANE AMONG DEVELOPED COUNTRIES pic.twitter.com/Horzhv2Cl9 — Win Smart, CFA (@WinfieldSmart) June 8, 2020 $HTZ is currently 52% higher than its closing price the day before it filed for bankruptcy, despite no expected equity recovery. $600+ million market cap of complete air What a market we are in — Nate Anderson (@NateHindenburg) … Read more
no matter how much credit central banks inject into global markets – social chaos erupting across western world as depression unfolds https://t.co/761RrQfr8x — Alastair (@StockBoardAsset) June 7, 2020 CHAOS IN BRÜSSELS https://t.co/fg9ToUbG4o — The_Real_Fly (@The_Real_Fly) June 7, 2020 food bank line continues to grow in Timonium, md pic.twitter.com/jnAESXbYMC — Alastair (@StockBoardAsset) June 7, 2020 https://t.co/cYAG3Hz2gt … Read more
https://www.youtube.com/watch?v=omCMOIVeFI4 Widespread angry protests, a pandemic that doesn’t seem to be slowing on the timeline health experts expected, and an economic slump into a New Great Depression are just a few of the markers of modern day America. However, optimists across the country continue to anticipate a return to normal life sooner rather than later. … Read more
He thinks cruise, oil and airlines are manipulated. He also said he will call Mnuchen to talk about this rally. h/t voltcraft_r
Decisions need to be made when there are not enough resources to go around through the shrinking supply chain. Labor shortages and unharvested crops mean out of season crops will not be available leading to a “hunger gap” of seasonal availability. Tunisia on par to smash record crop yields in 2020 with a history of … Read more
https://www.youtube.com/watch?v=c0Rq2gB9KEE Andrew Trunsky from The Daily Caller reports, President Donald Trump suggested a pardon Thursday of political operative Roger Stone, who is set to report to prison at the end of June. Trump has expressed his frustration over Stone’s case in the past, calling his sentencing in February an “abomination of justice.” Read More/Source/Credit/FairUse: https://dailycaller.com/2020/06/04/do…
by logicallav Investment in stocks is a tough and complex process. Before you go through this checklist, I must point out that no checklist can be a magic wand that transforms the process of finding valuable stocks into a quick, leisurely process. Think of it as a route map that you can use to focus … Read more
by Singularitytracker It’s interesting the yields on long dated treasuries have popped in the last few days
by reddit_user456 https://www.nytimes.com./2020/06/06/upshot/coronavirus-economic-crisis.html Interesting Article, a quick summary: Things most of us here are already aware of : $500 billion PPP and temporary lay-off play big roles in the new employment numbers Many layoffs happening in industries not affected by the pandemic, indicating rippling effect on demand Other interesting economic events: New orders for manufactured … Read more
by achicomp Even billionaire investors are caught out like retail bears. Back on May 12: https://www.cnbc.com/2020/05/12/risk-reward-for-stocks-is-maybe-as-bad-as-ive-seen-it-stanley-druckenmiller-says.html Legendary investor Stanley Druckenmiller says he doesn’t like the way the market is set up Hedge fund manager Stanley Druckenmiller told the Economic Club of New York on Tuesday that, “the risk-reward for equity is maybe as bad as … Read more
by BuzzLima Be Careful Greed Index Now: 69 Very GREEDY https://money.cnn.com/data/fear-and-greed/ Greed returns to Wall Street as stock market rebounds https://www.cnn.com/2020/06/01/investing/fear-greed-index/index.html Greed overtakes fear in the stock market, but don’t be lured into this short-lived rally https://www.marketwatch.com/story/greed-takes-over-fear-in-the-stock-market-but-dont-be-lured-into-this-short-lived-rally-2020-04-07 Buy Fear, Sell Greed: A Simple Phrase to Make Money https://www.thebalance.com/how-fear-and-greed-make-money-4118989 Remember, Fools Buy when Cabal Sells… See chart https://i.pinimg.com/564x/60/a3/90/60a390ae9ba44ccab4638bc3318b55f0.jpg … Read more
FYI, this doesn’t happen at the beginning of bull markets. 😉👇 https://t.co/R2tn4RAXMx — George Gammon (@GeorgeGammon) June 8, 2020 The biggest US junk-bond ETF saw its largest-ever inflow last week, of $3.5 billion. “There is an expression that you should never fight the Fed. But what the market has learned is that you do front run them.” … Read more