By Nick Cunningham The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the … Read more
The out-of-money moment is here. The party is over. But it sure was fund, so to speak, while it lasted. By Wolf Richter for WOLF STREET. It’s now a near daily litany: Startups, once assured to be fed endless cash to burn, are laying off people or are shutting down entirely as funding for them dries up, and … Read more
https://www.cnbc.com/2020/02/25/coronavirus-wipes-out-1point7-trillion-in-us-stock-market-value-in-two-days.html The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The Nasdaq Composite fell 2.8% on … Read more
https://twitter.com/PubliusAmerica2/status/1232480347608104960
Boom Bust, Released on 2/25/20 “The market would not be pricing in three rate cuts in the next 12 months if it didn’t foresee a rising probability of recession coming to U.S. shores.” Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left … Read more
by John W. Whitehead “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ― Frédéric Bastiat, French economist Let’s talk numbers, shall we? The national debt (the amount the … Read more
by metalreflectslime Multiple CEOs stepped town today and this week: Disney, MasterCard, L Brands, Salesforce, Uber Eats, HULU, MGM, IBM, LinkedIn, Match.com, Aurora Cannabis and more. Disney: https://abcnews.go.com/Business/wireStory/disney-ceo-bob-iger-steps-bob-chapek-named-69210724 Mastercard: https://www.reuters.com/article/us-mastercard-ceo-idUSKBN20J1LG Salesforce: https://www.msn.com/en-us/finance/companies/salesforce-co-ceo-steps-down-leaving-founder-marc-benioff-in-charge/ar-BB10nWu9 Uber eats https://kvia.com/news/business-technology/2020/02/25/uber-eats-head-steps-down-as-company-focuses-on-making-meal-deliveries-profitable/ I wonder if they plan to retire to a nice resort in New Zealand.
by confoundedinterest Mac! Mac! Mac! While the US Treasury 10-year has just hit modern history lows, the Freddie Mac 30-year survey rate is CLOSE to its all-time low rate!! Meanwhile, former Minneapolis Fed President Narayana Kocherlakota is calling for The Fed to cut rates immediately! The Fed’s rate-setting Federal Open Market Committee holds its next meeting … Read more
by HITLERMAHJONG Stock: AMARIN (AMRN) Direction: Bullish Price Target: 20$, 22$ Type: Put Credit Spread Fundamental: Amarin is currently off a slow decline due several weaknesses, most prominent being its patent lawsuit against 2 other companies. This can hurt their profitability and market share, as AMRN currently dominates the heart disease medicine area with Vascepa. In addition, AMRN is … Read more
via theedgemarkets Amid the darkest stretch U.S. stocks since 2018, one thing stands out. American investors are paying dearly for the optimism that drove the S&P 500 at the start of the year. While big declines often follow big run-ups, this reversal — coming after weeks of euphoric buying — has been almost historically violent. In … Read more
Enough of this already…..vote to put Joe out to pasture…..this is just pathetic. h/t FeedYourHead
By Tsvetana Paraskova China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which sees depressed demand from the outbreak itself. In the first quarter of 2020, China’s demand for refined oil products will slump by 35.7 percent year … Read more
ITM Trading, Released on 2/25/20 Links to slides and sources: https://www.itmtrading.com/blog/is-co… Over the weekend reported new cases and new deaths caused by the coronavirus spiked outside of China. European markets fell near 5% and this morning the Dow opened Down almost 1,000 points. We’ve been wondering where and when the black swan event that would topple … Read more
The CDC is warning of an imminent pandemic in North America and the rest of the world. Are you ready for this?
(Start at 3:00) https://www.c-span.org/video/?469708-1/hhs-officials-hold-news-conference-coronavirus&live&vod
I went to school in Cuba under Castro. Here’s what it’s like, Bernie Sanders. “You know, when Fidel Castro came into office, you know what he did? He had a massive literacy program,” you told “60 Minutes” host Anderson Cooper. “Is that a bad thing? Even though Fidel Castro did it?” . . . See, … Read more
