Investment Watch Blog

ROTTEN INDEED: Andrew McCarthy: Something seems rotten in Flynn’s case — and maybe others, too. “The closer one looks, the worse it gets. We can say that narrowly about the Flynn prosecution, and more generally about the Mueller investigation.” People need to be prosecuted and disbarred over this, as an example to others. UPDATE: Related: “It is just … Read more

More than 30 million people have applied for unemployment as of April 30, as a result of the coronavirus pandemic. Many are falling behind on their rent and are being evicted, despite new rules designed to stop evictions. Experts say the moratoriums by state and local officials don’t go far enough and are leaving tenants … Read more

The press and Democrats covered up Obama’s impeachable offenses and the weak GOP did nothing to push for impeachment. The Deep State is enormous. 1.Obama’s Iran nuke deal 2.Obama knew about Hillary’s private email server 3.Obama IRS targets conservatives 4.Obama’s DOJ spied on AP reporters 5.Obamacare & Obama’s false promises 6.Illegal-alien amnesty by executive order … Read more

Fed’s balance sheet at $6.7 trln, but growth pace down sharply April 30 (Reuters) – The Federal Reserve’s balance sheet increased to a record $6.70 trillion this week, but the pace of expansion slowed dramatically as key credit markets have calmed since a firestorm of volatility sparked by the coronavirus pandemic drove the central bank … Read more

It’s 2024, and We’re Still Stuck at Home (Bloomberg Opinion) — Around the world, people are itching to end lockdowns. Road traffic is rising in the U.K., while garden centers and hardware shops have reopened. In a handful of U.S. states, hair stylists are back at work and restaurants and movie theaters have opened. Germans … Read more

By Irina Slav The United States has been on the opposite side of the OPEC oil cartel for decades in a great battle between the free market and supervised production levels.  All that may be about to change, with the free market in the United States giving way to unprecedented action that could direct production levels … Read more

By Alex Kimani U.S. shale oil producers have so far held up admirably, hanging on for dear life amidst the biggest oil demand collapse in history. American producers continued to pump at record highs in March, even after dozens of drillers laid out blueprints to limit production. But with U.S. storage about to hit tank tops in … Read more

by TheOneAboveNone2 This is crazy, as of May 1st the USO Fund ETF is now branching out and putting funds into Brent Crude WTI Crude US Diesel (Low Sulfur) RBOB Gasoline All spread across multiple months in 2020 AND 2021 Possibly Dubai, Singapore, other international crudes This thing is so far off kilter, check it out: https://www.sec.gov/Archives/edgar/data/1327068/000117120020000330/0001171200-20-000330-index.htm Accordingly, commencing … Read more

by ez2remembercpl TL,DR: the bull case around earnings remains strong in the short-term (30 days) which is all I care about. Reading a lot of oil tanker trader feeds (OOTT). Info from the ones with actual jobs in the industry… BULL case: the absolute crazy spot rates for tankers ($200K+) are currently gone, but tanker storage … Read more

by bingo_bango_zongo The Nasdaq is basically flat year to date. All the FAANG stocks are near all time highs. Facebook, Netflix and Google all missed on EPS estimates. Apple is likely to be hit even worse (sales are down and stores are closed) which leaves Amazon as the only member of FAANG that is likely … Read more

by limes_huh Alright I’ve got some nitty gritty details on a shit ton of restaurants. I’m a doordash driver (this is what diamond hands gets you. I went from $157 to $7500 to $850). I’ve got some DD on a few restaurants, some of this info might be super useful, some might not. Chipotle – … Read more

by Arcas0 Everything’s fine. Maybe you got furloughed, that’s ok. You’re probably making more on unemployment now. Everything’s fine. Now you have time to learn how to bake, maybe finally sleep in and play some video games. Maybe start looking for a better job. You were thinking about quitting anyway. It’s basically summer break with … Read more

A new Insider poll found 23% of Americans who owe a rent or a mortgage payment on Friday aren’t sure they’ll be able to pay it. While 77% of respondents said they were set to make this month’s payment, 12% said they don’t have the money and 10% said they aren’t sure if they’ll have … Read more

by jf286381 Banks are being conservative which might suggest that all of this is “priced in”. They’re borrowing like crazy with the Fed rate at 0.25% and they’re using that capital to pay down old, higher interest liabilities i.e. collectively, they’re handing it back to the Fed. None of that looks good or sounds good … Read more

Who is still interested in buying Chinese stocks? A death cross near resistance in $MCHI is the least of their problems. Think of having a $40+ trillion banking system as GDP collapses. A massive asset liability mismatch. pic.twitter.com/3iZDQGRQh5 — Otavio (Tavi) Costa (@TaviCosta) April 30, 2020  

Zoom has admitted it doesn’t have 300 million daily active users. The admission came after The Verge noticed the company had quietly edited a blog post making the claim earlier this month. Zoom originally stated it had “more than 300 million daily users” and that “more than 300 million people around the world are using Zoom during this challenging … Read more