Tucker nails it again. Dems want to defund/remove police so that they can establish their thugs as the authority that they (Dems) can control.

The Minneapolis City Council president will vote to abolish the city’s police department. The are literally becoming Somalia.  The Minneapolis City Council president will vote to abolish the city’s police department for a “transformative new model of public safety.” On …

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Senator Cruz: The subpoenas issued by @senjudiciary are not about the #MuellerReport. They’re not about Carter Page. They’re not about General Flynn. They are about the corruption and abuse of power that came from the highest level of the Obama administration.

The subpoenas issued by @senjudiciary are not about the #MuellerReport. They’re not about Carter Page. They’re not about General Flynn. They are about the corruption and abuse of power that came from the highest level of the Obama administration. pic.twitter.com/dXbtaNaGW0 …

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WINNING?

#WINNING pic.twitter.com/nLQrIDVclp — Danielle DiMartino Booth (@DiMartinoBooth) June 5, 2020 #Missouri #COVID19 #SARSCoV2 #Pandemic pic.twitter.com/2M7j3qdEbC — TraderStef (@TraderStef) June 5, 2020 Today's data indicate China’s purchases of US goods remain well under 50% of prorated, year-to-date targets of Trump's Phase …

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Drukenmiller said watch out when liquidity reverses. Put/call ratio suggests that easy gains are most likely behind us. Hedge funds fear another reckoning for global stocks.

DRUKENMILLER SAID WATCH OUT WHEN LIQUIDITY REVERSES pic.twitter.com/683QyQncWw — Win Smart, CFA (@WinfieldSmart) June 5, 2020 Another #deflationary bust coming soon! This is ETF for VIX (SP500). 2½ yrs of divergence is not solved in 1-2 months! It will soar. …

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Central Banks have exacerbated the divergence between equities and fundamentals. Cheerleader of wealth inequality now wondering why the system he exploited still exploits others.

It's the liquidity stupid! Central Banks have exacerbated the divergence between equities and fundamentals. The latest rebound in equities was entirely due to P/E expansion. S&P 500 P/E multiple is trading in tandem w/Fed’s balance sheet. pic.twitter.com/DaerxoYvzI — Holger Zschaepitz …

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Senate Passes Small Business Loan Extension

24 weeks to use funds instead of 8 weeks. 60% for payroll instead of 75%. https://finance.yahoo.com/news/u-senate-passes-bill-lengthening-000216719.html https://www.cnbc.com/2020/06/03/sen-ron-johnson-blocks-ppp-small-business-loan-legislation.html   AC

Italian trader loses his ‘entire life savings’ on one insanely risky position

https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03 This year’s been a real grind for Luckin Coffee LK, investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance …

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