Market Going Down Further; Quadruple Options Expiration Next Week with Nick Santiago (Ep #54)

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from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring … Read more

JONAH GOLDBERG: The Growing CHAZm in Seattle. Anarchists take over a neighborhood and … build a border wall?

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by Ed Driscoll   via thedispatch I love CHAZ. That’s the Capitol Hill Autonomous Zone, a six-square block Wokeistan in the middle of Seattle, though I fear that they’ll change the name to something more euphoniously transgressive any minute now. And, while I feel bad for the businesses and homeowners in the area who are watching their … Read more

Chinese Military Officer Arrested Trying to Leave U.S. With Cache of Scientific Research

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Chinese military officer arrested after trying to leave US Washington Examiner | June 12, 2020 12:52 PM A Chinese military officer is accused of trying to leave the United States with a cache of scientific research conducted at a California university. Xin Wang, a high-ranking member of the People’s Liberation Army, was arrested Monday and … Read more

Gregory Mannarino: Stocks Are Going To Go UP

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TradersChoice.net, Released on 6/12/20 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 Physician Assistant. He also served … Read more

Bear Market is Just Beginning: Here’s Why

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by elag20 Bear season isn’t over, and the market is about to get shafted. Here’s why: JPOW The fed talks recently confirmed the suspicion that the “V-shaped recovery” is a myth, and it’ll take years for the economy to fully recover from this crisis. The feds could never outright say “the market is cucked”, but … Read more

No Reserve Requirements Per The Fed!

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by LouisDesyjr As unbelievable as it seems, and almost sounds like an Onion story, the Federal Reserve has ‘reduced’ reserve requirements to zero as of March 26, 2020. So, why care? Because if we can ‘take over’ any depository institution, we can lend unlimited amounts of money, the sell the loans off in the secondary … Read more

Amazon reportedly faces EU antitrust charges over use of third-party seller data

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Amazon to Face Antitrust Charges From EU Over Treatment of Third-Party Sellers (WSJ): The European Union is planning formal antitrust charges against Amazon. AMZN -3.38% com Inc. over its treatment of third-party sellers, according to people familiar with the matter, expanding the bloc’s efforts to rein in the alleged abuses of power by a handful of … Read more

UK GDP falls 20.4% in April

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https://www.bbc.co.uk/news/business-53019360 The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas of activity. The contraction is three times greater than the decline seen during the whole … Read more

Texas hospitalizations are up 27% in the last three weeks. That is not because of more tests but because more people are sick.

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Texas hospitalizations are up 27% in the last three weeks. That is not because of more tests but because more people are sick. pic.twitter.com/riZ04weNi0 — Patrick W. Watson (@PatrickW) June 12, 2020 ⚠️AIRBORNE is the “dominant” route for the coronavirus transmission! New PNAS paper by a Nobel laureate’s group concludes this based on study of … Read more

FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES

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FED SAYS COLLAPSE IN DEMAND MAY ULTIMATELY BANKRUPT MANY BUSINESSES — *Walter Bloomberg (@DeItaone) June 12, 2020 The Fed said more businesses could fail if economic activity remained weak due to coronavirus-related disruptions, leading more temporary layoffs to become permanent https://t.co/myPIRo9vRN — Real Time Economics (@WSJecon) June 12, 2020 US BANKRUPTCIES pic.twitter.com/WpS80mBzWu — Win Smart, … Read more