“US equities on a P/S basis just hit its highest level on record at 2.7X. Trading in the 100th percentile of its historical distribution over 40 years.”

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@RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon @steveliesman pic.twitter.com/FCIQtr9RQl — M/1_LP (@MI_Investments) November 18, 2020 Another major spike. Treasury holdings by banks relative C&I loans just hit a fresh record. Again: Banks are now lending more to the government than to businesses/households. There is only one solution to this wall of debt… That‘s monetary debasement. pic.twitter.com/dETM6Vy1UX — Otavio … Read more

“Large-scale unwinding of these trades . . . was likely one contributor to s-t extreme illiquidity in government bond markets”

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  “Large-scale unwinding of these trades . . . was likely one contributor to s-t extreme illiquidity in government bond markets” It’s rich that Fed coming under (implicit) scrutiny for role played rescuing basis tradehttps://t.co/LR1RlPVtJqht @bondstrategistcc @vol_christopher pic.twitter.com/dGlnGKtIAp — Danielle DiMartino Booth (@DiMartinoBooth) November 18, 2020 FED BALANCE SHEET pic.twitter.com/G3fFy4SLuA — Win Smart, CFA (@WinfieldSmart) November 18, 2020 From … Read more

From Soros to Warren Buffett, the Smart Money Is Dumping Shares of JPMorgan Chase

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via wallstreetonparade: According to the 13F filing that Warren Buffett’s Berkshire Hathaway made with the Securities and Exchange Commission for the quarter ending December 31, 2019, it held 59.5 million shares of JPMorgan Chase with a total value at that time of $8.29 billion. By June 30 of this year, that position had been trimmed by more … Read more

Presidents Come and Go. The Fed’s Power Grows

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by Robert Aro Americans anxiously wait for the final outcome of this election, the Federal Reserve continues on its immovable course towards nationalization of the means of production. Ironically, we vote for a president who has limited power, but a hand on the nuke button; whereas, we don’t vote for the Fed chair, who has … Read more

“I really do hope we get something,” Allianz Chief Economic Advisor

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“I really do hope we get something,” Allianz Chief Economic Advisor @elerianm says about additional fiscal stimulus. “The economy actually needs some type of support right now.” https://t.co/iJWOIQgiIk pic.twitter.com/AgmZ6nSth3 — CNBC (@CNBC) November 18, 2020 Covid Hospitalizations pic.twitter.com/S5Iol86Yg1 — Win Smart, CFA (@WinfieldSmart) November 18, 2020 Covid USA 🇺🇸 pic.twitter.com/HsmYsAg67o — Win Smart, CFA (@WinfieldSmart) … Read more

Technical Setup: A Correction is Coming

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by The Phoenix Let’s set politics aside today and focus on the stock market. From a technical analysis perspective, the market has become extremely overstretched and is due for a correction. The S&P 500 is trading above its monthly Bollinger Bands to the upside (red circle in the chart below). This means the stock market is now three standard … Read more

Why China Will Become #1 World Economy

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by Martin Armstrong QUESTION: I believe you have said that in order for the Chinese to become the next superpower and be the monetary capital of the world the rule of law would have to exist. Given the recent take down of Alibaba how can one have faith in a system governed by a communist hierarchy? … Read more

U.S. Retail Sales (October 2020): Sensing Some Fatigue

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BMO Not exactly a “Monster” of a report, unlike the single that will be dropped this Friday, but it has been six months since the recovery began so some slowing is completely expected. U.S. retail sales rose 0.3% in October, below expected but still the sixth straight monthly gain and 5.7% above year-ago levels. However, momentum has … Read more

For The NIO Earnings Players

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by dnautatrades Some information that will help you plan your trades! Current MMM: +/- $6.50 (NIO needs to move more than this dollar amount in the direction you’re playing it to make money on your options) IV of options expiring this week: 222.11% IV of options expiring next week: 178% ^^^ there’s about 44% of volatility … Read more

Trading the other side of TSLA S&P addition

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by YellenTheDestroyer The big day is here, Elon has delivered. TSLA is finally entering the S&P 500. That means 422b of new market cap, the biggest company ever to be added to the S&P. On the other hand, we will likely see one or more tickers removed from the index which could mean short term … Read more

Bitcoin just touched a record market value, exceeding its 2017 top

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https://www.marketwatch.com/story/bitcoin-just-touched-a-record-market-value-exceeding-its-2017-top-11605643255 The world’s most prominent digital currency on Tuesday is back to carving out records just like it was 2017. The No. 1 crypto’s nearly 8% weekly rise and 30% gain so far in November has helped the asset hit a market value of around $328 billion, according to digital-currency data site CoinMarketCap. That level … Read more

Attentional Bias on the Robinhood Platform Causes Herding by “Naive” Investors That Hedge Funds can Short.

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Interesting read: Herding by ‘Naive’ Robinhood Traders May Be Good Signal to Short https://finance.yahoo.com/news/herding-naive-robinhood-traders-may-153448816.html “Users of the millennial-friendly app — the first to offer commission-free trading — are more likely to chase popular stocks with extreme performance. The result is herding that ultimately becomes a drag on those companies’ returns, according to the latest academic … Read more

With a Biden Win, The War Party Will Be Back in Full Force

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by Alice Salles via Mises If Democratic candidate Joe Biden is elected America’s forty-sixth president, what happens to the mandate to end the endless wars? It doesn’t go away, but rather falls on the Democrat-controlled House and (presumably, for now) Republican-controlled Senate. President Donald Trump was elected partly due to his promise to rein in the … Read more