Volatility and Fed Rate Cuts

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by roepes I’m holding a position of VXX and have traded it a few times over the last six or so months. Prior to the three rate cuts, its movements were more noticeable, more drastic, and tended to be more volatile in its upward movements. Since the rate cuts, the volatility has dampened considerably, and … Read more

Former Uber CEO Travis Kalanick raises $400 million dollars from Saudi Arabia to launch new business Cloud Kitchens

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Saudi Arabia’s sovereign-wealth fund has pumped $400 million into Travis Kalanick’s new company CloudKitchens, according to people familiar with the situation, in a deal that could value the operator of so-called ghost kitchens at about $5 billion and reunites the former Uber Technologies Inc. chief with one of his biggest backers. The Saudi fund’s agreement with CloudKitchens was completed … Read more

The Fed’s “QE” rally is on. We look at what is happening, how to play it, and what happens next.

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by Lance Roberts The “QE, Not QE” Rally Is On Just recently, we released a study for our RIAPro Subscribers (30-Day Free Trial) on historical QE programs and what sectors,  markets, and commodities perform best. (If you subscribe for a 30-day Free Trail you can read the entire report “An Investor’s Guide To QE-4.”) “On October 9, 2019, the … Read more

Great news for vampires: The California startup that sells the blood of teens for $8k a liter to keep you young is back in business.

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The CEO of Ambrosia, the startup that sells young blood: — is not licensed to practice medicine — won’t name any doctors or employees he works with — has no plans to further study the treatment’s safety or efficacy This is sure to end well!   via onezero: Earlier this year, Ambrosia, the much-maligned California startup … Read more

The world’s central banks have created another huge bubble that is in the process of bursting. So many people, including the IMF, have highlighted the issue.

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Great article. The world’s central banks have created another huge bubble that is in the process of bursting. So many people, including the IMF, have highlighted the issue. Mom and Pop are going to be mightily pissed when their ‘safe’ investment grade Corporate bond fund blows up https://t.co/QQvWeCfTg7 — Albert Edwards (@albertedwards99) November 8, 2019 … Read more

Netflix co-founder on a potential password sharing crackdown: ‘You’re not scared, are you?’

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Streaming giants and cable companies, led by Netflix (NFLX) and HBO (T), are reportedly considering ways to crack down on password sharing among streaming users. “You’re not scared, are you?” Netflix Co-Founder & First Netflix CEO Marc Randolph told Yahoo Finance’s YFi PM, later adding: “You know there’s abuse and that’s not fair.” It’s common among streamers to … Read more

Negative Yielding Bonds Turn into Punishment Bonds

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts. The 10-year US Treasury yield rose on Friday to 1.94%. That’s still very low, and below inflation as measured … Read more

No Recession Ever Again? The Yellowstone Analogy

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by Charles Hugh-Smith Just as forestry management’s policy of suppressing forest fires insured uncontrollable conflagrations, so central banks’ attempts to eliminate recessions insure a financial conflagration that will burn down the entire global financial system. The first task of those at the levers of neoliberal global capitalism is to deny that global capitalism is in … Read more

The State of the American Debt Slaves, Q3 2019

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Paying the University-Corporate-Financial Complex and the big bifurcation. Student-loan balances jumped by 5.1% in the third quarter compared to Q3 last year, or by $80 billion, to a new horrifying record of $1.64 trillion, having skyrocketed by 120% in the 10 years since Q3 2009, according to Federal Reserve data released Thursday afternoon. … Read more

Chinese govt planning to bailout its reckless banks before debt bombs go off and economy collapses!

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At the same time, years of borrowing have left the country’s financial system riddled with trillions of dollars’ worth of debt. Much of it is hidden off the books, raising the prospect of potentially devastating debt bombs lurking in unexpected corners. Chinese officials are now trying to clean up the banking system, but the process … Read more

The Landscape For U.S. Earnings Has Already Deteriorated Tremendously; Debt Spiraling Out Of Control And Economy Faltering

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The Landscape For U.S. Earnings Has Already Deteriorated Tremendously pic.twitter.com/xJj2WM1SK7 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 9, 2019 ⁦@FactSet⁩ reports that with 89% of S&P 500 firms having reported Q3, the -2.4% eps being tracked & 3.2% revenue growth both lowest since Q3, 16. Broaden out universe to Russell 3000 & adjust for inflation. … Read more

Saudi Aramco publishes its IPO prospectus (658 pages!), but doesn’t disclose what % of shares the government is going to sell; neither the price range (theist of banks is spectacularly large)

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Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil and gas reserves at all (as you would have expected in a New York / London IPO) | #OOTT #AramcoIPO — Javier Blas (@JavierBlas) November … Read more