Mind The FANMAG Gaps

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by jessefelder We’ve just entered the heart of earnings season and it’s during this time I typically like to take a look at a wide variety of stocks and how their valuations compare with their fundamentals. One of my favorite ways to do this is to simply compare a stock’s price-to-sales metric with its sales … Read more

Grassley sniffed out DOJ’s corruption in the Flynn case years ago, and Rosenstein responded with the proverbial middle finger. Why? Because Rosenstein knew the FBI and DOJ, not Flynn, were the guilty parties.

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April 27, 2020 letter to Barr: "After that June 2018 letter, my staff and I met with Deputy Attorney General Rosenstein where he resisted congressional oversight and suggested that Congress should be satisfied with the facts described in the plea agreement." 3/3 pic.twitter.com/Nf4KDnqw8O — Jason Foster (@JsnFostr) April 28, 2020 And I knew Barr was … Read more

Anthony Fauci, the nation’s leading infectious disease expert, reportedly said Wednesday that a second wave of the coronavirus is “inevitable” later this year.

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Anthony Fauci, the nation’s leading infectious disease expert, reportedly said Wednesday that a second wave of the coronavirus is “inevitable” later this year. “If by that time we have put into place all of the countermeasures that you need to address this, we should do reasonably well,” Fauci told CNN in an interview. “If we don’t do … Read more

First hand account from a pork producer on how bad the meat industry is.

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The author of this piece is a pork producer from Nebraska who has first-hand knowledge of what is not being said about the meat industry in the media. In short, there will be extensive shortages in the very near future. He explains why in the article. https://www.facebook.com/jim.bartling.3/posts/1556857444481221 Brief excerpt: In all of my years as … Read more

I don’t know anyone who understands fundamentals who could look at this $TSLA report and say I gotta own this

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https://twitter.com/TommyThornton/status/1255615785357258753 https://twitter.com/Wheels88Fortune/status/1255593382459539456 https://twitter.com/Paul91701736/status/1255596618843381760 How can accounts receivable still be $1.27B???$TSLAQ — TC (@TESLAcharts) April 29, 2020 #ElonMusk's #Tesla – A Myriad Of Conflict's Of Interest – #Musk Controls The Compensation Committee That Each Get Paid In #Stock. Two Sets Of Rules. St. Elon & His Cult Are Above The Law @secenforcement @SEC_Enforcement pic.twitter.com/2fJcwsMm8O — Planet … Read more

Macy’s, JCPenney, Neiman Marcus, and now Saks Fifth Avenue: in just a few weeks, the four core pillars and anchor tennants of the US mall sector will file for bankruptcy.

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via Zerohedge: Macy’s, JCPenney, Neiman Marcus, and now Saks Fifth Avenue: in just a few weeks, the four core pillars and anchor tennants of the US mall sector will file for bankruptcy. While we previously reported that the former two retail icons had entered their bond grace period ahead of filing a formal Chapter 11 … Read more

Remdisivir probably doesn’t work from current study results

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by SweetPot-tay-toes So what’s up, I’m not expert but I do have a university background that includes research processes, pharmacology, and statistics. So the purpose of this study http://investors.gilead.com/node/36871/pdf was to examine whether a 5 versus 10 day course of remdesivir was preferable. It wasn’t whether it was effective, it wasn’t whether it was safe, simply comparing … Read more

The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It’s free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way.

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The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It's free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way. — Peter Schiff (@PeterSchiff) April 29, 2020 https://twitter.com/NorthmanTrader/status/1255570641962569729 Confidence … Read more

“It’s almost set up to fail. It was made complicated so people would get discouraged and give up,”

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“It’s almost set up to fail. It was made complicated so people would get discouraged and give up,” https://t.co/tti8GFEYaF — Nomi Prins (@nomiprins) April 29, 2020 https://twitter.com/GregMannarino/status/1255551644248543232 More than 1bn informal workers face poverty as job losses soar https://t.co/oHBImnC5E8 — Financial Times (@FT) April 29, 2020 The record-long U.S. economic expansion is over after almost … Read more

This market feels like a game of Russian roulette where everyone is hoping the reality bullet isn’t in the chamber.

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This market feels like a game of Russian roulette where everyone is hoping the reality bullet isn't in the chamber. @EconguyRosie — Adam Thurgood (@AT_AdamThurgood) April 29, 2020 Fed pledges to keep rates near zero until full employment, inflation come back So forever 😘 — Reminiscences of an American Capitalist (@4Awesometweet) April 29, 2020 https://twitter.com/realJosephRich/status/1255547079042228224 … Read more

Reuters: Boeing eyes major bond issue to raise funds

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https://www.reuters.com/article/us-boeing-debt-exclusive/exclusive-boeing-eyes-major-bond-issue-to-raise-funds-sources-idUSKCN22B094 Boeing has lined up investment banks to potentially market an offering to bond investors in the coming days, provided that market conditions are favorable, the sources said, cautioning that the exact timing and size of the offering had not been decided. The proceeds could amount to $10 billion or more, depending on investor demand, … Read more

Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak

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Despite S&P 500 remaining below the 2/19 peak, number of stocks above their 50-day moving average has just crossed 50%; which was last seen around market’s peak @bloomberg [Past performance is no guarantee of future results] pic.twitter.com/34FsXGxYwM — Liz Ann Sonders (@LizAnnSonders) April 29, 2020 The Q1 GDP data show that the initial hole from … Read more

Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009… Goldmans Still Committed to the Strength in Equities Being a Bear Market Rally

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Chris Whalen: Mortgage Defaults May Be Worse than 2008-2009https://t.co/Tp8TInAXfg — Taps Coogan (@TapsCoogan) April 29, 2020 Chris Whalen, Whalen Global Advisors Chairman and author of The Institutional Risk Analyst, recently spoke with Mortgage Media about the CARES Act stipulation that permits mortgage borrowers who’s mortgage is backed by the Fannie Mae, Freddie Mac, or Ginnie Mae to postpone mortgage payments … Read more

Amazon, Walmart, FedEx workers plan walkout on Friday.

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Workers from corporations are planning a walkout Friday, including employees from Amazon, Walmart and FedEx. The workers are seeking better health and safety standards as well as hazard pay while working during the coronavirus pandemic.  Former Amazon employee Christian Smalls, shared a flyer on Twitter last week that included other prominent company names participating in the demonstration on May 1, such as … Read more

“95% of companies who have applied for PPP funding are still waiting…as a result 58% of small businesses have pushed through with layoffs. I think the best case scenario is a ‘U'”

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"95% of companies who have applied for PPP funding are still waiting…as a result 58% of small businesses have pushed through with layoffs. I think the best case scenario is a 'U'"@DiMartinoBooth with #StuartVarney — https://t.co/OJINiAWgMY https://t.co/J0dVfZuCk8 — Danielle DiMartino Booth (@DiMartinoBooth) April 28, 2020