On Wire

Breaking news, updates, and reports on current events.

FITTON: MONSTER Trump Retweet: Obama-Clinton-Russia: The REAL Collusion Scandal; Emails Show Obama State Dept. Launders Steele Dossier to Target Trump; and Leftists Threaten Electoral College and U.S. Constitution.

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by TFittonJW President Trump took notice this am: Obama-Clinton-Russia: The REAL Collusion Scandal; Docs Show Obama State Dept. Launders Steele Dossier to Target @realDonaldTrump; and Leftists Threaten Electoral College and U.S. Constitution. Huge @JudicialWatch Update! https://t.co/JTMAjukmKm pic.twitter.com/LQSz3TTJXr — Tom Fitton (@TomFitton) June 15, 2019   Background: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-releases-state-department-emails-showing-dossier-author-christopher-steeles-close-relationship-with-state-department/ Judicial Watch today released 43 pages of documents from the U.S. … Read more

Reuters: Broadcom’s $2 billion warning rattles global chip sector

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https://www.reuters.com/article/us-huawei-tech-usa-chipmakers-broadcom/broadcoms-2-billion-warning-rattles-global-chip-sector-idUSKCN1TF0O1 Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. Huawei accounted for about $900 million, or 4%, of the company’s overall sales last year. Broadcom, … Read more

George Soros buys two wins in Virginia elections

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Watch the latest video at foxnews.com Liberal billionaire George Soros picked up two wins in Virginia this week when two prosecutor candidates he backed ousted incumbents in local Democratic primaries — after he poured nearly a million dollars into their campaigns. Soros, known for backing left-wing causes across the globe, used his Justice and Public … Read more

Semiconductor Billings Full Bear Status, Sentiment Is Extremely Polarized, Retail Investors Have Been Loading Up on Puts

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Semiconductor Billings Full Bear Status   Retail investors have been loading up on puts AS we have been saying SENTIEMNT IS EXTREMELY POLARIZED and COMPELTELY SUPPORTS A BLOW OFF – if this is not scary for sellers – I DO NOT KNOW WHAT WOULD BE. (If you are short this is a serious warning) pic.twitter.com/Wr2QSuaZvi … Read more

Which FANG Stock Collapses First and Why

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by PeakAndrew I would put them in three groups, from most vulnerable to least: Netflix, Facebook/Google, Amazon/Apple. ​ Reasons: – Netflix is greatly overvalued even for a growth company and has a single revenue source with real competitive headwinds. – Facebook and Google are single revenue source companies with significant regulatory risk and are somewhat overvalued … Read more

My portfolio hit 600k!

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by timeinthemarket I made a post last year when it hit 500k so here’s another one. Below is a picture of the growth this year. Portfolio 6/9/19 I track my portfolio on a monthly basis so the 600k total is from 6/9/2019. Started tracking in 2015 when I was sitting at 293k. Started to get … Read more

India retaliates in tariffs tit-for-tat with US

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https://www.livemint.com/news/india/india-finally-retaliates-in-tariffs-tit-for-tat-with-us-1560504965702.html The move comes ahead of the meeting between Modi and Trump on the sidelines of the G20 summit in Japan. New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. Washington had withdrawn duty-free benefits for Indian exports under its Generalized System of Preferences (GSP) effective 5 June. The retaliatory tariffs … Read more

VIX did a classic trap Friday

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via @hks55: $Vix did a classic trap friday. Marginal break below the trend line everyone is watching to get sheeple to short it but held the 50 day moving average. Classic, classic false break trap. This is big money generating alpha.There will be a large move up in the vix monday. Watch. In fact, the $VIX … Read more

Covenant-lite share of US leveraged loan outstandings continue to hold at ~79%. That’s roughly $950B of what’s now a $1.2T market

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via @lcdnews: US #leveragedloan segment lost 0.22% in May, pretty much in the middle of the pack, and far better than #highyield and equities https://buff.ly/31oSuDB ht @abnormalreturns From LCD’s monthly private equity report: Avg purchase price multiple on 2019 European LBOs remains +10x, though down from year ago #leveragedloan #highyield The retail investor flight from US … Read more

Four insane data privacy scandals, just from this month

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by Simon Black For this Friday’s roll-up of bizarre and disturbing stories from around the world, we found ourselves zeroing-in on some ridiculous data privacy violations. Soccer app spies on fans The Spanish soccer (sigh, OK– football) league, known by fans around the world simply as La Liga, knew that most pubs across Europe showing its matches … Read more

Market Crash 2020s Charts & Data | David Jensen

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https://media.blubrry.com/silverdoctors/s/content.blubrry.com/silverdoctors/Market_Crash_2020s_Charts_Data_David_Jensen.mp3 Podcast: Play in new window | Download Subscribe: Apple Podcasts | Android | Email | Stitcher | RSS This Metals & Markets Wrap is hosted by James Anderson of SD Bullion. Sideways week in terms of fiat US dollar price action for largely synthetic silver price discovery and gold price discovery derivatives. The spot price of silver sold off to close the week’s trading and will finish just below 15 fiat US dollars … Read more