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Proud of my son for attending the #BlackLivesMatter protest which he found profoundly inspiring. He told me he maintained social distancing as best he could in the large crowd. Not easy given many others weren't, but I'm glad he tried. https://t.co/rdaIDaP9br — Piers Morgan (@piersmorgan) June 4, 2020
For about 2 full months the US Dollar Index (DXY) has been in a tight trading range. But towards the end of May 2020 it left the tight trading range. Why? It might have to do with the US Treasury’s borrowing needs of a projected $3 trillion for Q2 2020 and more in Q3 2020 … Read more
by sjryan Sure, this isn’t orchestrated, it’s just coincidence that we’ve transitioned smoothly and seamlessly from lockdowns to curfews. Do people really think Impeachment, COVID, and race riots all happened back-to-back at random? Lol — DC_Draino (@DC_Draino) June 4, 2020 https://twitter.com/FreeIllinoisNow/status/1268503935062597633 AG Bill Barr: We have evidence Antifa instigated violent activity As you … Read more
#WINNING pic.twitter.com/nLQrIDVclp — Danielle DiMartino Booth (@DiMartinoBooth) June 5, 2020 #Missouri #COVID19 #SARSCoV2 #Pandemic pic.twitter.com/2M7j3qdEbC — TraderStef (@TraderStef) June 5, 2020 Today's data indicate China’s purchases of US goods remain well under 50% of prorated, year-to-date targets of Trump's Phase One dealhttps://t.co/L2Be1ozw68 — Chad P. Bown (@ChadBown) June 4, 2020
by Organic_Pineapple Unlimited FED printing props up the market. What if unlimited becomes impossible ? No one seems to care about the derivatives market for now. Its notional value is somewhere between $600 Trillion and $1500 Trillion. The FED has injected approximately $4 Trillion so far. That seems huge but it is very small compared to the derivatives horror … Read more
For those that say “the Fed does it too” 1) Fed balance sheet 36% GDP, ECB 46% 2) USD world reserve currency, Euro is not. 3) Fed does not inject more than global USD demand. ECB a lot more than EUR demand 4) If Fed does something wrong, copying does not make it good. Regards … Read more
DRUKENMILLER SAID WATCH OUT WHEN LIQUIDITY REVERSES pic.twitter.com/683QyQncWw — Win Smart, CFA (@WinfieldSmart) June 5, 2020 Another #deflationary bust coming soon! This is ETF for VIX (SP500). 2½ yrs of divergence is not solved in 1-2 months! It will soar. Setup is massive and we are only in eye of the storm = a bounce. … Read more
It's the liquidity stupid! Central Banks have exacerbated the divergence between equities and fundamentals. The latest rebound in equities was entirely due to P/E expansion. S&P 500 P/E multiple is trading in tandem w/Fed’s balance sheet. pic.twitter.com/DaerxoYvzI — Holger Zschaepitz (@Schuldensuehner) June 5, 2020 Cheerleader of wealth inequality now wondering why the system he exploited … Read more
by Michael Snyder It has truly been disheartening to watch how rapidly our major cities have descended into complete and utter chaos. At a moment when our nation should be coming together like never before, we have open warfare in the streets. The violence has shocked the entire world, and even more violence is expected … Read more
By Wolf Richter for WOLF STREET. The 30-year Treasury yield has been rising for six days in a row, closing on Thursday at 1.61%, up from 1.41% on May 29, and up from 1.17% on April 20, and the highest since March 19, when the Fed was unleashing its multi-trillion dollar Everything Bubble Bailout. The 20-year yield closed … Read more
By Nick Corbishley, for WOLF STREET: Global banking behemoth HSBC threw its full weight behind China’s imposition of security legislation on Hong Kong, arguing that the new law will help bring much-needed political stability and economic growth and development to the city. The bank’s kowtowing to Beijing is the inevitable culmination of the UK-based lender’s multiyear Asian … Read more
Options (put/call) went from end of world to euphoria pic.twitter.com/QapkwUkM2L — Win Smart, CFA (@WinfieldSmart) June 4, 2020
24 weeks to use funds instead of 8 weeks. 60% for payroll instead of 75%. https://finance.yahoo.com/news/u-senate-passes-bill-lengthening-000216719.html https://www.cnbc.com/2020/06/03/sen-ron-johnson-blocks-ppp-small-business-loan-legislation.html AC
https://www.marketwatch.com/story/italian-trader-loses-his-entire-life-savings-on-one-insanely-risky-position-2020-06-03 This year’s been a real grind for Luckin Coffee LK, investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. So … Read more
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This lady also served her country for 10 years! Very smart young lady ! CT
President Trump is poised to sign a bill to fix the Paycheck Protection Program after it cleared the House and Senate. The bill will help small business owners keep employees on their payroll and give them more flexibility on how they can spend coronavirus relief funds. On Wall to Wall, Greta spoke with Executive Director … Read more
via rushlimbaugh RUSH: I’ve got a piece I just want to give you a heads-up on at The Federalist. It’s by John Daniel Davidson. “The Struggle Sessions Are Here, And They’re Not Going Away.” And the best way to understand what’s happening in America today is to go out and learn about the Chinese Cultural Revolution. That … Read more
