The stock market is at unsustainable technical extremes. Never mind the abysmal fundamentals.

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The stock market is at unsustainable technical extremes. Never mind the abysmal fundamentals. pic.twitter.com/a4OyuoXNmr — Kevin C. Smith, CFA (@crescatkevin) June 8, 2020 Hertz and JC Penney rallying after bankruptcy. pic.twitter.com/ON7pl7ZbAR — Charlie Bilello (@charliebilello) June 9, 2020 The narrative for markets "has been win-win,” Allianz’s @elerianm says. “That narrative is so deeply embedded now … Read more

China Daily, the propaganda outlet, paid WaPo more than $4.6 million and WSJ nearly $6 million to publish propaganda inserts since Nov. 2016.

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One of China’s main propaganda outlets has paid American newspapers nearly $19 million for advertising and printing expenses over the past four years, according to documents filed with the Justice Department. China Daily, an English-language newspaper controlled by the Chinese Communist Party, has paid more than $4.6 million to The Washington Post and nearly $6 … Read more

LONDON Mayor KHAN wants to TAKE DOWN NELSONS COLUMN, remove statues, rename streets to reflect diversity

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London’s landmarks will be reviewed to ensure they reflect the capital’s diversity after protesters tore down a statue of slave trader Edward Colston in Bristol. Mayor Sadiq Khan’s office said London is “one of the most diverse cities in the world”, but recent Black Lives Matter protests have highlighted that the city’s statues, plaques and … Read more

Chicago NYC – EVERYTHING Boarded Up Video

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THIS shows a Reality that the Narrative has avoided. It’s absolutely crazy that you have half of the nation supporting this…. You’ve got congressmen dressed up in African garb taking a knee to THIS! It’s just so surreal… Here is a video of NYC as well:   h/t AggregateThreat

IBM steps back from facial recognition technology; to enact reforms to advance racial justice and combat systemic racism?

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What does that even mean? IBM CEO Arvind Krishna called on Congress Monday to enact reforms to advance racial justice and combat systemic racism while announcing the company was getting out of the facial recognition business. The decision for IBM to get out of the facial recognition business comes amid criticism of the technology, employed by multiple … Read more

Anyway, don’t trust China. China is asshole.

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SURE: National security law for Hong Kong to boost ‘one country, two systems’ and ensure freedoms beyond 2047: top official in most candid comments yet from Beijing. Contrary to alarmist warnings of the opposition and foreign powers eager to demonise the central government, the new legislation would target “very few” people committing the four crimes of … Read more

This woman has a message for antifa…STAY THE HELL OUTTA MY STATE

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This woman has a message for antifa YOU WILL BE MADE TO CARE: “To all of the apolitical STEM-types who think you can just keep sitting these things out, that’ll prove increasingly difficult as the woke Antifa Left becomes more aggressively rapacious.” The proper response is “fuck off.” MOSTLY PEACEFUL PROTESTS UPDATE: This Vandalism Gives the Lie … Read more

Biden says he opposes defunding the police. Issue is, his history of flip flopping makes me think he will change that belief.

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Joe Biden now claims he opposes defunding the police. Here’s a list of issues he’s flip-flopped on: Abortion Immigration Marriage Equality Fracking China Trade Iraq 2A If you think Biden won't flip-flop on defunding the police, @ericbeachGOP & I suggest you think again! — Ed Rollins (@EdRollins) June 8, 2020

Defunding the police seems kind of like trying to flip the board when you know you’ve lost.

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https://twitter.com/Octo_Zone/status/1270080548539641856 Tucker Carlson On "Defund The Police" Movement "In the future the Left envisions the only people who will have guns are people on their team. That's exactly what #DefundThePolice really means. It means a woke militia policing our cities enforcing Democratic Party orthodoxy." pic.twitter.com/jur0IUtPSE — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) June 9, 2020 WANT … Read more

Trump Rallies Resume in 2 Weeks!

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President Trump's re-election campaign is preparing to present the president with options to resume rallies in June despite coronavirus concerns, according to 2 officials familiar with the plans. https://t.co/O7u4ihgaQ5 — NBC Politics (@NBCPolitics) June 8, 2020 Taken at the last rally I attended.     h/t SS

Highly Respected Pollster, McLaughlin & Associates, Agrees With President Trump that Anti-Trump Polls are “Intentionally” Fake

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McLaughlin & Associates Report at the link below: I have retained highly respected pollster, McLaughlin & Associates, to analyze todays CNN Poll (and others), which I felt were FAKE based on the incredible enthusiasm we are receiving. Read analysis for yourself. This is the same thing they and others did when we defeated… — Donald … Read more

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

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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’

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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

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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