Things aren’t as strong as they may “Feel”…

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https://twitter.com/ThinkTankCharts/status/1278260382281478145 https://twitter.com/ThinkTankCharts/status/1278225869274861583 The U.S. government takes a nearly 30% equity stake in one of the biggest trucking companies. https://t.co/3glUcNy7sN — Lisa Abramowicz (@lisaabramowicz1) July 1, 2020 Investors think the $JNK party is over pic.twitter.com/lcUTroBjS9 — Win Smart, CFA (@WinfieldSmart) July 1, 2020 Retail should call Gamblers anonymous pic.twitter.com/RbsfDijQED — Win Smart, CFA (@WinfieldSmart) July 1, … Read more

The current market is driven by a 1999 enthusiastic gamblers mentality in 1930 economic conditions. 2020 will be known for two crashes in one year of 40%

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The current market is driven by a 1999 enthusiastic gamblers mentality in 1930 economic conditions. 2020 will be known for two crashes in one year of 40% — The Great Martis (@great_martis) July 2, 2020 Citi cuts to the chase. pic.twitter.com/jTAcgHf943 — Carl Quintanilla (@carlquintanilla) July 1, 2020 Sound familiar? pic.twitter.com/K5ygANvQas — Julien Bittel, CFA … Read more

Precious metals miners just had their best quarter ever!

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On absolute fire. Precious metals miners just had their best quarter ever! 44% over the S&P 500. 33% over Nasdaq.51% over Gold.22% over Bitcoin. What a quarter. Only the beginning. pic.twitter.com/nww3BklJbd — Otavio (Tavi) Costa (@TaviCosta) July 1, 2020 This is it. The silver rush is on. Key breakout from a bullish pennant. Further monetary … Read more

An Interesting Juncture in History

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by Charles Hugh-Smith Just as the rewards of central-bank bubbles have not been evenly distributed, the pain created by the collapse of the bubbles won’t be evenly distributed, either. We’ve reached an interesting juncture in history, and I don’t mean the pandemic. I’m referring to the normalization of extremes in the economy, in social decay and in political … Read more

The 16 Year Plan Has Failed, The [DS] Worst Nightmare Has Come True, We The People

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https://www.youtube.com/watch?v=tv2-KifcF9A The [DS] 16 year plan has failed, they are no pushing everything they have but the people are now seeing through their propaganda. Slowly the people are being united, the Silent Majority will not be silent for much longer. The patriots are in full control, they are allowing all of this to unfold so … Read more

Massive Shifts Underway, Rental Market Reacts in Near-Real Time: Rents Plunge in San Francisco & Oil Patch, Drop in Expensive Cities. But Long List of Double-Digit Gainers

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Rents in San Francisco are still crazy-overpriced. By Wolf Richter for WOLF STREET. There are now at least three factors that have plowed into the US housing market – and the rental market is reacting in near-real time to them: The unicorn-startup bust that began last year and built up into a crescendo this year; the Pandemic-inspired move … Read more

Uber, Lyft, HopSkipDrive and Zum jointly filed papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees.

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https://www.sfchronicle.com/business/article/Uber-and-Lyft-say-regulator-can-t-make-drivers-15380707.php Uber and Lyft may be headed for a showdown with the California agency that regulates them. The San Francisco ride-hailing companies, along with two smaller ride services for children called HopSkipDrive and Zum, on Tuesday filed papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees. At … Read more

An #LA cop has been filmed trying to pepper spray a driver accused of speeding – only for his attempt to end in embarrassing failure.

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An #LA cop has been filmed trying to pepper spray a driver accused of speeding – only for his attempt to end in embarrassing failure. In a follow-up video, driver #JoshSude says he got out of the car when the officer went for his taser, and was issued with a speeding ticket. pic.twitter.com/q8aQXNaplD — RT … Read more

When Fed loses its jawboning power this market will collapse like a house of cards. Until then, ride the bubble wave…

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When Fed loses its jawboning power this market will collapse like a house of cards. Until then, ride the bubble wave $SPY $SPX $NDX — hks55 (@hks55) July 1, 2020 Wow. Nasdaq is up 1% while semis (SOX) down 1%. Last time that happened was in July 2009! — Bespoke (@bespokeinvest) July 1, 2020 Citi … Read more

WHEN MONEY BECOMES WORTHLESS: What a Currency Collapse and Frozen Stock Market Looks Like

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Today Lynette illustrates a clear picture of what it will look like when money becomes worthless…which is exactly where we’re headed. There are hundreds of examples throughout history (and also some very recent ones) which all point to exactly where we are in our Currency-Life Cycle. The current stock market is one of the biggest … Read more

Mannarino: The Markets Are A Mind Twisting PSYOP

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TradersChoice.net, Released on 7/1/20 “This is all about CONTROL.” Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a … Read more

WHO COULD HAVE SEEN THIS COMING?

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Carry Permit Demand Skyrockets in Illinois. The Chicago Tribune reported last week that, “…more than 40,000 Illinoisans applied for a gun permit in a little more than two weeks this month, more than 500% over this time last year, according to Illinois State Police.” Applications for the state’s Firearm Owner’s Identification Card (FOID) from June 1 to 17 also increased by 501 percent … Read more