On Wire

Breaking news, updates, and reports on current events.

WATCH: ‘Today will be your last working day with UBER – Tells 3,500+ USELESS EATERS YOU’RE FIRED over Zoom

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https://www.dailymail.co.uk/news/article-8301471/Watch-3-500-Uber-employees-told-laid-three-minute-ZOOM-call.html EXCLUSIVE: ‘Today will be your last working day with Uber.’ Watch as choked up executive tells 3,500 rideshare employees they are being laid off effective immediately over a three-minute ZOOM call   AC

India, China locked in tense military stand-off in eastern Ladakh Sukhoi flown in after Chinese copters sighted

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Fully-armed troops of Indian and Chinese armies are at present locked in a tense stand-off in Eastern Ladakh, indicating that the clash on the night intervening May 5 and 6 between the two sides is still simmering. Troops of the People’s Liberation Army (PLA) of China are holding ground at a position on the north-bank … Read more

Boycott China

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China Factory Deflation Deepens in April as Recovery Stallshttps://t.co/OM9rvdDDbi — EndGameWW3 🇺🇸 (@EndGameWW3) May 12, 2020 Trump Cutting Retirement Investment Ties Between U.S. And Chinese Equities President Donald Trump is cutting investment ties between the United States and Chinese equities, according to a letter from national security adviser Robert O’Brien and National Economic Council Chair … Read more

The first bear market rally in 1929 lasted 6 months bolstered by stimulus from President Hoover

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by Wforvictory Nearly 160 million Americans are less than three months away from running out of money. Bank of America says this is a ‘bear market rally, not a real bull’ World’s Biggest Wealth Fund Faces Record $37 Billion Withdrawal [Bloomberg] https://twitter.com/hks55/status/1260047905408286720 https://twitter.com/hks55/status/1259951469484290051

This sounds ridiculous, but if you bought equal value amounts of both VIXM (vix mid term futures) and SVXY (x0.5 inverse vix), you would make money right now no matter what point you bought them at.

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by adayofjoy Simultaneously going long and short on VIX sounds like a guaranteed recipe for a loss via decay, yet miraculously the math works out if you picked the right ETFs for the job. SVXY and VIXM are vix ETFs that have comparatively lower leverage and volatility which give them some of the lowest amounts … Read more

Bond Speculators have piled into the largest SHORT position in history. With so much riding on recovery/reflation – if markets go back to risk-off/deflation, it could trigger a very painful unwind.

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https://twitter.com/MacroCharts/status/1260162808127393793 One of my most important Models is approaching the most overbought level in history. This is the 18th signal in 20+ years – most signals WITHOUT a Breadth Thrust led to big declines. Stocks could rally into month-end, but 3Q20 is at full risk of a bigger Tactical regime shift. pic.twitter.com/dSP0Aev7pi — Macro Charts … Read more

Investors: Pricing in too much of a recovery? Price has moved well ahead of earnings.

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Investors: Pricing in too much of a recovery? Price has moved well ahead of earnings. Here, the drawdown & subsequent recovery in the #SPX price index against the drawdown in various earnings estimates, including fiscal yrs 2020, ‘21 & ‘22 & the next 12 mos, with Bloomberg data. pic.twitter.com/cVEpjWW4tS — Jurrien Timmer (@TimmerFidelity) May 11, … Read more

Negative interest rates are coming to the US, a CIO overseeing $270 billion says

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Negative interest rates are coming to the US, a CIO overseeing $270 billion says https://t.co/4T4nyfNTEw — Business Insider (@BusinessInsider) May 11, 2020 Let’s see if the Fed says the same thing as core CPI collapses below zero and the dollar remains excessively strong. It’s not about the banks. It’s about stopping other countries exporting their … Read more

The World Is Becoming A BLACK MIRROR Episode – Covfefe-19(84) Is WORSE Than Science Fiction!

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Josh Sigurdson reports on the recent news that Black Mirror creator Charlie Brooker is taking a break from writing episodes of the popular dystopian science fiction television show due to the world being “bleak.” The show has become increasingly more realistic as many episodes come true in reality. Are we replacing the old saying of … Read more