Fed Pushing on a String edition

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#recession … #Fed Pushing on a String edition Now most companies are imitating Berkshire Hathaway and hoarding cash… get ready for #deflation! 📉 https://t.co/ZhiZBeq8sB — Invariant Perspective (@InvariantPersp1) June 23, 2020 https://twitter.com/Techs_Global/status/1275457358471270405  

Everything is expensive.

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“Everything is expensive. 80% of the markets we track have a valuation in the upper quartile relative to the market’s history — the greatest percentage on record using data since the mid-1990s.” https://t.co/bpbMOxl2VR — Lisa Abramowicz (@lisaabramowicz1) June 23, 2020 Now we’re seeing no new lows on vix of nasdaq meanwhile apple and amazon go … Read more

Truly amazing! The #NASDAQ 100 Index is up almost 18% since the start of this year. FAANGM, also known as 24% of the $SPX, looking like they want to go parabolic…

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Truly amazing! The #NASDAQ 100 Index is up almost 18% since the start of this year. #Covid19 pic.twitter.com/CzEw5H7Qaz — jeroen blokland (@jsblokland) June 23, 2020 #Value is collapsing vs #growth once again. pic.twitter.com/nNWLejbfPe — jeroen blokland (@jsblokland) June 23, 2020 $AAPL 371 – did cook announce i-covid vaccine? — Alastair (@StockBoardAsset) June 23, 2020 Apple … Read more

CALIFORNIA REPORTS BIGGEST DAILY JUMP IN VIRUS CASES… ROYAL CARIBBEAN ANNOUNCES GLOBAL SUSPENSION OF CRUISING

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**CALIFORNIA REPORTS BIGGEST DAILY JUMP IN VIRUS CASES — *Walter Bloomberg (@DeItaone) June 23, 2020 https://twitter.com/Fxhedgers/status/1275436108831023104 US 7-Day Average Of Coronavirus Cases Surges 30% From Week Ago – CNBC https://t.co/aOFwyWkV6Q — LiveSquawk (@LiveSquawk) June 23, 2020 https://twitter.com/anilvohra69/status/1275435820321697792

American Express (AXP) First Major US Payment Processor to Operate in China

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by yunhaila Been following AXP for a while now, and some good gains on 1/21/2021 calls when AXP went from $100 to $114. Now AXP is back to under $100. I think if we get another red day, it’ll be good to go in again. Positions: AXP 125c 1/21/2021 Sources: https://www.investors.com/news/amex-china-card-payments-central-bank/ https://pulse2.com/american-express-nyse-axp-china/   Disclaimer: This … Read more

BULLARD: NOT SEEING RISK ON SCALE OF TECH BUBBLE OR MID-2000S

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Leaving this right here… BTW, shares in $CSCO a real company with real revenues and profits collapsed in 2000-2002 pic.twitter.com/aY4b90ov60 — Bot Blocker đŸ•ŠïžđŸ‡ș🇩 (@siriuslybs) June 23, 2020 https://twitter.com/vixsquared/status/1275391981158633472 If you bought Disney in 1999 – which was a great company then – it would take 12 years to break even. $DIS another lesson — … Read more

Fitch Keeps Raising It’s Default Forecast

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FITCH KEEPS RAISING IT'S DEFAULT FORECAST pic.twitter.com/kgur5ro4Ne — Win Smart, CFA (@WinfieldSmart) June 23, 2020 CMBS Delinquency Rate (30+ Days) (source: Trepp) pic.twitter.com/gmNeIGig3x — Tracy Shuchart (đ’žđ’œđ’Ÿ ) (@chigrl) June 23, 2020

Investors turning bearish on the #dollar — not sure why if you look at the uncertain horizon…

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Investors turning bearish on the #dollar — not sure why if you look at the uncertain horizon… Via ⁊@GoldmanSachs⁩ ⁊@SoberLook⁩ pic.twitter.com/y2aBA4yqUE — Gregory Daco (@GregDaco) June 23, 2020 Balance sheets of major global central banks quickly approaching collective $22 trillion @biancoresearch @federalreserve @ecb @Bank_of_Japan_e @bankofengland @SNB_BNS_en @Bloomberg pic.twitter.com/pcLmXv6JIc — Liz Ann Sonders (@LizAnnSonders) June 23, … Read more

Coronavirus Impact On World Economy More Severe Than Previously Expected – German Council Of Economic Advisors

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CORONAVIRUS IMPACT ON WORLD ECONOMY MORE SEVERE THAN PREVIOUSLY EXPECTED – GERMAN COUNCIL OF ECONOMIC ADVISORS — *Walter Bloomberg (@DeItaone) June 23, 2020 Economic impact on mortality same in EM and DM: As #Covid19 Hits Developing Countries, Its Victims Are Younger Demographics, underlying conditions and weaker #healthcare systems affect #pandemic’s impactVia @WSJ #empathy #SocialDistancing #WashYourHands … Read more

Boris Johnson says England’s social distancing rule will be reduced from 2 meters to 1 meter from July 4, allowing more businesses to reopen

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BREAKING: Boris Johnson says England's social distancing rule will be reduced from 2 meters to 1 meter from July 4, allowing more businesses to reopenhttps://t.co/DLdQSHgEhw pic.twitter.com/0UwRJAqWPq — Bloomberg UK (@BloombergUK) June 23, 2020 UK PM Johnson: We Will Also Open Restaurants And Pubs — LiveSquawk (@LiveSquawk) June 23, 2020 UK PM Johnson: Outdoor Gyms, Playgrounds, … Read more

“Statues came down, then they renamed the street names, then changed school curriculum, then certain tv shows and movies couldn’t be shown”

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by mamaluigi007 A woman from Venezuela posted this on TikTok. She relates what’s going on in the US with what turned Venezuela into a socialist failure. She said the exact things happened, the new leader basically wanted to erase their history. This seems to be the same steps that happen in most countries that end … Read more

‘Volunteer’ Hawaiians Turn “Paradise On Earth” Into An Island Of Snitches

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by mapi Travel publications around the world have referred to the Hawaiian islands as “paradise on earth”. But a much darker and more disturbing trend that was once relegated to the continental United States has taken Hawaii by storm. Much has been written about NextDoor’s “Karen” problems of reporting on people of color, and now as AP News reports, ‘volunteer’ … Read more

CLOWN WORLD: Cancel The 4th Of July — Because Racism

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‘Cancel The Fourth’: Conservative Group Releases Ad Targeting 1619 Project Viewers are asked to sign a pledge from the American Principles Project “to reject the revisionist history which places America’s founding in 1619,” to “uphold America’s founding principles” in the Declaration of Independence, and to promote “equality under the law.” The “1619 Project” has been adopted in over 1,000 schools across … Read more

CLOWN WORLD: Rhode Island Changing It’s Name Because … Racism

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Rhode Island may change its official state name over slavery connotations Rhode Island Governor Gina Raimondo signed an executive order on Monday taking the ‘first steps’ to change the state’s full name: ‘The State of Rhode Island and Providence Plantations.’ The ‘plantations’ portion has come under increased scrutiny following widespread protests after the killings of … Read more

MAYBE THAT’S WHY DEMOCRATS LOVE IT:

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Michael Barone: Violent crime is a confiscatory wealth tax. As for residential real estate, despite open housing laws and the dispersion of many blacks into non-black-majority neighborhoods, most American blacks still live in majority-black neighborhoods with higher rates of violent crime than other neighborhoods. Violent crime depresses housing values. How much? Not just marginally. The … Read more

HILLARY CLINTON INTRODUCES GEORGE SOROS

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This little video clip from 2004 is trending on Facebook. _____ That short clip is included in this longer video (at 11:06 mark) which establishes the context. _____ Transcript of the first several minutes to get you going. __________ Starting at 0:22 GEORGE SOROS: What am I going to do with this money? I really went … Read more