The Bears Fumbled Yesterday… Will They Recover or Is It New Highs? Three Charts I’m Watching For Signs of a Major Pullback

by

by The Phoenix Stocks dropped hard over the last 36 hours, but the buyers stepped in and aggressively bought the dip mid-session yesterday. On the surface, the price action felt exciting. But the reality is that Tech Stocks had slammed into resistance at the top of the upwards channel they’ve been forming over the last four … Read more

Banks could get up to $24 billion in “free money” from the CARES Act

by

by: Franz Walker (Natural News) The CARES Act, the economic stimulus act designed to help businesses weather the Wuhan coronavirus pandemic, is set to make banks up to $24 billion just from fees for processing small business Paycheck Protection Program (PPP) loans. According to Edwin Hu of the New York University School of Law’s Institute for Corporate Governance and Finance, more … Read more

Seattle business owner pressured into chopping dreadlocks following cries of cultural appropriation… Seattle just passed a bew tax on jobs

by

A small business owner in Seattle has been shamed into a makeover and a long public apology after an internet mob deemed her dreadlocks a form of ‘cultural appropriation’ – a charge some have dismissed as literal fashion policing. In an Instagram post on Monday, Rachel Marshall, founder of Rachel’s Ginger Beer in Seattle, penned … Read more

% of Total Profits Coming from the Largest 100 Companies*

by

Is this a Path Forward? % of Total Profits Coming from the Largest 100 Companies* 2020: 90%2017: 84%1997: 52%1977: 48% *U.S. publicly traded corporations, Wall St. Journal data, via @beartrapsreport cc @paulvigna — Lawrence McDonald (@Convertbond) July 14, 2020 Apple and Microsoft constitute ~44% of tech pic.twitter.com/tEDbH6288Z — Lawrence Hamtil (@lhamtil) July 14, 2020 Amazon … Read more

“The stars have aligned for the dollar to weaken more. The US simply faces more risks than other major economies at this point.”

by

"The stars have aligned for the dollar to weaken more. The US simply faces more risks than other major economies at this point." https://t.co/JY6smuFeTo — Jesse Felder (@jessefelder) July 14, 2020 Corporate tax receipts for Q2 just collapsed by over 90% YoY! The government can’t afford to give low tax rates & other breaks for … Read more

Retail Bankruptcies Are Piling Up At A Record Pace, Small Business Earnings & Employment Crashed, Economic Recovery Stalling….

by

Retail bankruptcies are piling up at a record pace, via @joshfromalaska "Five filed in the first two weeks of July, matching the record for a month with more than two weeks to go," with the latest being the parent of New York & Co. yesterday. @theterminal pic.twitter.com/4y0BC9zXH8 — Lisa Abramowicz (@lisaabramowicz1) July 14, 2020 SMALL … Read more

S&P500 Crashes Comparison

by

by fizzpie Chart was inspired entirely by these two: [OC] Comparing crises: S&P 500 declines indexed from market peaks [OC] S&P 500 Market Crashes: Comparing length & severity This chart adds to/modifies the previous: Shows each crash from start to full recovery (as opposed to ending at the lowest point) X-axis is in log scale … Read more

Why I am so bullish on Walmart (WMT)

by

by triplej9k Walmart has recently announced it’s subscription service to compete with Amazon prime called Walmart+ Walmart+ aims to provide: same-day delivery, discounts on fuel, and early access to Walmart deals. Not to mention, the cost of their subscription is annually cheaper than Amazon’s Prime. Now, Amazon has been dominating the online retail space up to this … Read more

[New York Time] Massachusetts Sues Uber and Lyft Over the Status of Drivers. The suit, made public on Tuesday, makes Massachusetts the second state after California to challenge how Uber and Lyft classify drivers and could deal another blow to their business model.

by

https://www.nytimes.com/2020/07/14/technology/massachusetts-sues-uber-lyft.html Uber and Lyft should treat their drivers in Massachusetts as employees with the right to receive benefits, instead of misclassifying them as independent contractors, the state’s attorney general said in a lawsuit filed against the ride-hailing companies. The suit, made public on Tuesday, makes Massachusetts the second state after California to challenge how Uber … Read more

Unlimited Government: Central Banks And Federal Spending During The Corona Crisis

by

by Mark Thornton via Mises Q: We’re in a very odd situation right now in terms of evaluating the state of the economy. We can see there is rising unemployment and there is likely to be a wave of missed mortgage and rent payments. Is this all just due to the government-mandated “shutdowns” or are there deeper economic issues here? … Read more