Technically Speaking: It’s Time To Take On Defensive Positioning

by Lance Roberts With investors throwing investing caution to the wind, technically speaking, it’s time to take on defensive positioning. Such was the warning we discussed in this past weekend’s newsletter. To wit: “Regardless, the markets are bullish biased, and we must be respectful of that reality. No matter how you slice the data, the markets are back … Read more

What could possibly go wrong? Protesters want to replace Minneapolis PD with ‘community-led safety’

by DCG Progressives never think through the consequences of their “brilliant” ideas. You know what you need when a burglar or rapist breaks into your home in the middle of the night? A social worker. Yeah, that’ll work out just A-OK. From MyFoxChicago: “Thousands gathered for another weekend of protests in Minneapolis. Their chants calling for … Read more

Tesla’s Double-WTF Chart of the Year

Look, I’m rooting for Tesla, a tiny auto maker shaking up the giants, with its global market share of 0.5% and $862-million loss in 2019. But Tesla gets to have supernatural shares that can go anywhere at will.  By Wolf Richter for WOLF STREET. OK, I know, nothing matters, fundamentals certainly don’t matter, and for Tesla, they never … Read more

Nick Santiago: Job Numbers Cooked?

Financial Survival Network, Released on 6/8/20 1. Validity of Job Numbers isn’t relevant. The market is the final arbiter. No one really knows. Sometimes it’s a non-event and sometimes like Friday it isn’t. The ADP job report is much cleaner and accurate. Less incentive to fudge the numbers. Never believe anything government tells you. Bottom … Read more

Cash Gang Short GSX

by tcwridur GSX has been mentioned here numerous times before, saying buy puts its a fraud etc. That is all true and much much more. It will go down as one of the historically most brazen stock frauds ever. Securities fraud, market manipulation, accounting fraud, wire fraud, fraudulent real estate transactions, large scale identity theft, … Read more

Hey Federal Reserve- look at the RUIN that has become of the capital markets. You guys have turned a “market” into the butt of a bad joke.

https://twitter.com/QTRResearch/status/1270116362103459840 Can confirm. https://t.co/QkMcxLwyYN — Bag Holder (@BagholderQuotes) June 8, 2020 Delinquencies rate jumps to 90%… signs that the economy is ready to boom again — Alessio (@AlessioTMAD) June 8, 2020 Airlines running at most overbought levels of the last 10 years and $JETS the most extended above its 50-DMA ever: https://t.co/la98Wvq4N9 pic.twitter.com/gsylNFp6w9 — Bespoke … Read more

AG Bill Barr: “It’s our responsibility to make sure that our country is ruled by law and not by violence.

AG Bill Barr: "It's our responsibility to make sure that our country is ruled by law and not by violence." pic.twitter.com/NQ7Swcah3Z — The Hill (@thehill) June 8, 2020 Trump says no defunding, dismantling or disbanding of police. “I guess you might have some cities will want to try but it’s going to be very, very … Read more