On Wire

Breaking news, updates, and reports on current events.

Costco is next, beatdown coming

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via WSB: I know that 90% of the time it’s just best to inverse the DD’s on this subreddit, but once in a while a trend is so easy to see that even us morons get it right. Before Walmart’s earnings a few of us mentioned concerns for earnings misses and forecast cuts in the … Read more

Still Hot, Hot, Hot! US Existing Home Sales Fall -2.4% MoM In April, But Median Price Is 14.85% YoY And Inventory For Sale Remains MIA (Fed Stimulypto Still Helping Housing Bubble)

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by confoundedinterest17 US Existing Home Sales were 5.61M SAAR in April, down -2.4% from March’s -3.0% MoM reading. But median prices YoY for existing home sales printed at 14.85%, still hot, hot, hot. With 3 consecutive declines in MoM existing home sales, how can prices still be raging at 14.85%? First, inventory for sale in April remains … Read more

Jacksonville’s secret police and an $87,401 invoice for public records

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COMMENTARY | I have to start with the cost: $87,401. Eighty-seven thousand four-hundred and one dollars: That is what the Jacksonville Sheriff’s Office wanted to charge Times-Union partner First Coast News before officials would even begin working on what should have been a routine and basic request for public records housed on the agency’s servers. … Read more

Last call for Tech Bagholders

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by HollowEarth1776 Blackrock is dumping next week, their momentum ETF is tech and financial heavy, others will follow. I bought SQQQ calls. If there are any tech bagholders left I’d dump before them.  

International Food Relief Shipments from Switzerland to Help Feed Hungry Americans—–Let that sink in.

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by Sundance  Comrades, Dear Leader Joe Biden cares about your well-being. Today, the United States government is proud to announce the first ever emergency food shipments from international relief agencies to help feed American citizens. Let that sink in. White House – Today, the Department of Defense (DOD) is sourcing the U.S. Department of Agriculture (USDA)’s request … Read more

Wall Street is panicking… They downgraded price targets on 162 stocks… Stocks are erasing their artificial run up from pandemic stimulus.

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Wall Street is panicking. According to Bloomberg data, analysts raised price targets on 62 stocks in the S&P 500 today. They downgraded price targets on 162 stocks. This ranks in the bottom 1.5% of all days in over a decade for net upgrades-downgrades. pic.twitter.com/up2aUsAic5 — Jason Goepfert (@jasongoepfert) May 19, 2022 It’s becoming more and … Read more

Kim Dotcom’s Twitter Thread About the Great Reset

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by Chris Black Kim Dotcom is a German-Finnish tech entrepreneur best known for repeatedly getting prosecuted for allowing people to upload files, including copyrighted files. He’s always been a very funny guy, but more recently he’s started giving serious political commentary, which is somewhat in line with the stuff that we are seeing from others … Read more