WSJ: Thin Liquidity in Stock Futures Raises Risk of More Wild Market Moves

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https://www.wsj.com/articles/thin-liquidity-in-stock-futures-raises-risk-of-more-wild-market-moves-11583365788?mod=mhp Trading conditions have sharply deteriorated in a popular vehicle for betting on swings in the S&P 500, exacerbating the volatility in the stock market in the past two weeks. E-mini S&P 500 futures play a huge, if little understood, role in financial markets, with hundreds of billions of dollars of trading activity each day. … Read more

Bernie Sanders Super Tuesday Results: DOWN DOUBLE DIGITS from 2016

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Bernie Sanders Super Tuesday Results: DOWN DOUBLE DIGITS from 2016 Sanders   2016      2020 MN          61%        30% AK          29%         20.8% OK          51.9%      25.1% VA          35.2%      23.1% TN          32.4%      24,5% CO          59%        36% #SuperTuesday Sanders 2016 2020 MN 61% 30%AK 29% 20.8%OK 51.9% 25.1%VA 35.2% 23.1%TN 32.4% 24,5%CO 59% 36%#SuperTuesday pic.twitter.com/kRUgVmHMIt — chris evans (@notcapnamerica) March 4, 2020     h/t dr0id

PSA to anyone thinking of moving their brokerage accounts out of Robinhood: you do NOT need to liquidate all of your assets before transferring your positions out. Selling your positions triggers a taxable event and creates a capital gains tax liability. Simply submit an ACATS transfer.

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by bano25 All you need to do is initiate an ACATS transfer at your preferred receiving brokerage and your assets will transfer over in-kind, meaning that your stocks, bonds, mutual funds, etc will transfer and cost basis for tax purposes will transfer over as well. All of the major brokers such as TD, Fidelity, Schwab, … Read more

IIF cuts global GDP growth forecast to 1%, far below the 2.6% last year and the weakest since the global financial crisis.

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IIF cuts global GDP growth forecast to 1%, far below the 2.6% last year and the weakest since the global financial crisis. Revises China growth to just below 4.0% this year from 5.9% prev and US growth down to 1.3% from 2% prev. pic.twitter.com/Lk4NmkoSxv — Holger Zschaepitz (@Schuldensuehner) March 5, 2020 Far be it from … Read more

SH*TS ABOUT TO HIT THE FAN

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by hllaloud_music ✅ California declares state of emergency ✅ LA ports are empty indicating a massive supply shortage ✅ airlines struggle to find customers among a massive decline in travel ✅ Hollywood is starting to reschedule movie releases ✅Community transmission in the United States ✅Ultra music festival canceled ✅Coachella will be canceled as well ✅Futures … Read more

Out-of-Funds Chinese Property Developer Oceanwide Tries to Shed its Mega-Money-Pits in San Francisco, Los Angeles, and Manhattan at a Loss, But it’s Hard

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At first, capital controls cut off funding. Now the coronavirus gets in the way of the money-losing sale it could finally line up. By Wolf Richter for WOLF STREET. The twisted saga of Chinese money in US commercial real estate takes on another twist; this time the coronavirus is blamed. Back in October, after months of rumors about … Read more

VIX Futures and /ES Preparing for ’08 Recital

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by scarvesandsuspenders TL;DR Bear gang seal team 6 prepping for operation “bull rape”. VIX calls 3/25 and 4/15 in the 40’s will print big. SPY puts are free money with those expirations. Godspeed Autists. I said it before and ill say it again. Bull gang is going to get cucked real soon. My guess is … Read more

Former DIA Employee Pleads Guilty to Leaking Classified National Defense Information to Journalists

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https://www.justice.gov/opa/pr/former-dia-employee-pleads-guilty-leaking-classified-national-defense-information-journalists An employee of the Defense Intelligence Agency (DIA) pleaded guilty today to charges related to his disclosure of classified national defense information (NDI) to two journalists in 2018 and 2019. “Frese violated the trust placed in him by the American people when he disclosed sensitive national security information for personal gain,” said Assistant Attorney … Read more

Decades-old investment wisdom from Albert Einstein

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by Simon Black Albert Einstein is rumored to have said that “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” These days interest rates are near zero. The average savings account currently pays .09% interest per year, according to the FDIC. So over … Read more

Australia’s toilet paper production runs 24 hours

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“Australia’s largest toilet paper manufacturer is moving into 24-hour production as major supermarket chains ramp up supplies of long-life pantry items over growing fears of a coronavirus-induced supply shortage. “Prime Minister Scott Morrison made a rare call to the chief executives of Woolworths and Coles on Tuesday, after community anxiety fuelled reports of panic-buying across … Read more

European Defence Agency CANCELS all meetings as first EU official tests positive

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European Defence Agency CANCELS all meetings as first EU official tests positive for coronavirus in Brussels – reports The first EU official working at the bloc’s Brussels administrative headquarters has tested positive for the novel coronavirus, a spokesperson has confirmed. “We have confirmation of the case,” spokesperson Dana Spinant said, adding that reports about a … Read more