“If you’re a day trader and you can walk and chew gum, you are making money right now.” – Mark Cuban

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The recent run-up in stocks and surge in day trading reminds Mark Cuban of the months before the dot-com crash, he said in a recent Real Vision interview published on Tuesday. “If you’re a day trader and you can walk and chew gum, you are making money right now,” the “Shark Tank” star and Dallas Mavericks owner … Read more

Dow jones: Brace for a bloodbath.

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Dow jones: Brace for a bloodbath. pic.twitter.com/5ndSnq26HL — The Great Martis (@great_martis) June 10, 2020 pic.twitter.com/pe2j3qtK2p — Antonio Pérez-Algás (@apanalis) June 10, 2020 #recession … #StockMarketCrash2020 edition#BuyBacks now less than #SellBacks https://t.co/VbIyBchYpb pic.twitter.com/tcOGiFwUxU — Invariant Perspective (@InvariantPersp1) June 10, 2020 https://twitter.com/QTRResearch/status/1270861110770651136 Time for a breather? “It’s starting to look that way,” says @TimmerFidelity Using 2009 … Read more

Powell has done more to create inequality than any Fed President in history

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https://twitter.com/realwillmeade/status/1270789300943294467 Questions for Powell: potential balance sheet losses, massive income inequality divide they are fomenting, Fed-induced stock bubble, exit plan, do they consider their mandate beyond dual? #Fed @DiMartinoBooth @GaryKaltbaum @DavidBahnsen @cvpayne — Kathryn Rooney Vera (@KRooneyVera) June 10, 2020 https://twitter.com/Paul91701736/status/1270793171463573504 On the grounds that Yield Curve Control has worked so well in Japan……….Oh hang … Read more

Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital: “A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs”

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https://finance.yahoo.com/news/jeffrey-gundlach-sees-unemployment-wave-hitting-white-collar-jobs-224443437.html Gundlach, who runs the Los Angeles-based bond investment firm, explained that one of the outcomes of remote work is it reveals who produces and who doesn’t. “What people may have learned for white-collar services jobs, in particular, during the work-from-home lockdown situation, at least in my perspective — I’ve talked to a lot of … Read more

So we’ve seen the biggest monetary injection in US history and there will never be a need to tighten. Powell makes Yellen look like Volcker.

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https://twitter.com/jtepper2/status/1270782827760627714 The @federalreserve statement is out. Looks like the it just couldn’t resist doing more. The #Fed extended forward policy guidance (essentially zero rate) through 2022. Risk markets will like the hyper activism, serving to decouple them even more from the economy. More to follow. https://t.co/LEZIEtrICA — Mohamed A. El-Erian (@elerianm) June 10, 2020 Fed’s … Read more

BLM is a money laundering operation for the DNC

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by ratioetlogicae BLM is an international organization. They solicit tax free charitable donations via ActBlue. ActBlue then funnels billions of dollars to DNC campaigns. This is a violation of campaign finance law and allows foreign influence in American elections. When you click on the “Donate” button on blacklivesmatter.com you are sent to an “ActBlue” donations page. ActBlue claims … Read more

BIG TECH GETS BIGGER: NASDAQ NEW RECORD HIGH… AMAZONFACEBOOKGOOGLE Push Back Antitrust Regulators

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S&P 500 and Dow fall, but Nasdaq set to close above 10,000 for the first time The S&P 500 and Dow Jones Industrial Average fell for a second straight day on Wednesday as traders once again took profits out of names benefiting from the economy reopening and rotated into mega-cap tech stocks. The S&P 500 traded 0.4% lower while … Read more