House Democrats cave, will vote on Senate-passed border bill
House Democrats will vote Thursday on a clean Senate-passed bill to address the border crisis, marking a blow to Speaker Nancy Pelosi (D-Calif.) and liberal lawmakers who had demanded additional protections for migrant children. Rep. Henry Cuellar (D-Texas), a border lawmaker, announced the plan as he emerged from an emergency meeting in Pelosi’s office in the Capitol. … Read more
What Apple could buy with its cash reserves
by chartr pple has a lot of cash saved up and sitting around, but yesterday it dipped into its piggy bank to buy a self-driving car company. So what else could Apple afford to buy? To put into context just how much spare change Apple has, here are 4 companies that Apple could theoretically buy … Read more
Why Economic Slowdown Continues
via UPFINA: With the disappointing new home sales report we discussed in a previous article and the disappointing headline durable goods orders reading we will discuss in this article, the U.S. economy has seen a continuation of economic reports not meeting estimates. As you can see from the chart below, the U.S. economic surprise index is at -68.1 … Read more
Who are the randos sending money around the world?
via @Trinhnomics: Well, well, well, the usual suspects: a) NIRPers hunting for yield & in this case GROWTH ➡️🇯🇵is the #1 global creditor so it gets to age gracefully & deployed the MOST CAPITAL GLOBALLY, yes, the Japanese funding 🇻🇳
What An Awesome First Half Of The Year! 10th Best Ever.
via @OddStats: That’s GOT to be GREAT news, right? Right? Here are the best Jan-to-Jun $SPX returns ever and then how it did the rest of the year.
While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don’t care.
While ISM Manufacturing looks ripe for another (material) drop next, cyclical equities don't care. Maybe as market participants seem to believe that Jerome Powell will save the equity momentum another day? Our weekly editorial here -> https://t.co/pRqwr57ZkM pic.twitter.com/24hK45bqUB — Andreas Steno Larsen (@AndreasSteno) June 28, 2019 stocks post best 1H in 20 years on rate … Read more
Calendar wise market is doing the exact same things 1929 and 2019.
via @hks55: Dec 1928 big initial sell off. We had that Dec 2018. Q1 explosion higher 1929. We did that. Q2 1929 was sideways. We did that also. July and Aug 1929 last explosion higher. High early sep 1929. Down 50% by Nov.
Facebook’s Libra Coin WILL FAIL – MASS Surveillance Coming SOON
Josh Sigurdson talks with Kingsley Edwards about the recent announcements by Facebook regarding their Libra cryptocurrency which many are projecting will be a digital dollar to Bitcoin’s digital gold. Young people are not buying this desperate move to remain relevant and the background is sketchy to say the least. Considering Facebook’s behind the scenes … Read more
Investment Grade Bonds Could Be Peaking
by Chris Kimble Are investment grade bonds peaking? Some conditions suggest its possible, says Joe Friday! This chart looks at Investment Grade Bond ETF (LQD) over the past 10-years. LQD has moved sharply higher since the lows in December of 2018. The rally has LQD testing its 2015 and 2016 highs. While testing these highs its optimism … Read more
Economic Messages Deciphered, Their Plan Stopped, New Economy Readied
Ford is getting ready to cut 12000 jobs in Europe by the end of 2020. The regulations are hurting auto manufactures. Pending homes sales tick up, which means the rate freeze is helping, once the rate cut is initiated and stimulus is reintroduced the [CB] economy will stabilize. Trump has been tweeting out the economic … Read more
It’s Time, Placeholders, Future Comms Set, [On The Ready], For Our Country
The [DS] is pushing free health insurance for all migrants, they just showed their hand. The Mueller testimony is a propaganda stunt and is planned to keep the real questions away from Mueller. Trump’s attorney uncovers more evidence on Clapper. The Supreme Court has blocked the citizen question from the census. AOC stages photos on … Read more
Most American Renters Believe Owning A Home Is “Financially Out Of Reach”
via Zerohedge: More American renters now believe that owning a home is “financially out of reach”, according to the WSJ. In a new survey set to be released by Freddie Mac, just 24% of renters said it was “extremely likely” that they would ever own a home. This is 11% lower than four years ago. Of those surveyed, … Read more
Tech Founders Predict the Next Wave of Startup Growth
by visualcapitalist Today’s tech founders have unique insights into the evolving arena of innovation and are keenly aware of why some companies succeed more than others. Many have worked with multiple startups and have gone on to invest in successful tech unicorns. This week’s chart comes from First Round’s State of Startups 2018 survey, in which 529 founders … Read more
Marin Katusa: This Gold Bull Market Is For Real
BY JOHN RUBINO In his latest report, commodities analyst Marin Katusa lays out the case for a sea change in gold’s relationship to the overall market. Here’s hoping he’s right: Gold Just Had Its Biggest One Day Influx EVER On Friday June 21st, the largest gold focused Exchange Traded Fund (GLD) saw over $1.5 billion flood into the … Read more
Are Stocks In A Bear Market?
Via Global Macro Monitor, Technically, no. Spiritually? Not sure, but definitely, there’s is something happening here. What it is ain’t exactly clear. S&P Flat For Past 17 Months Even with all the Sturm und Drang since the massive volatility shock of January 2018— which includes a technical bear market > 20 percent sell-off from September 21st to December 26th and … Read more
Chicago PMI Plunges Into Contraction
via Zerohedge: On the heels of dismal weakness in all regional Fed outlook surveys, Chicago PMI just collapsed from 54.2 to 49.7 (drastically missing the 53.5 expectation) and back into contraction for the first time since Dec 2015. This was well below the lowest estimate of 51.0 from 25 economist surveyed. Business barometer fell … Read more
The Biggest Foreign Holders of U.S. Debt – In One Chart
by howmuch In 2019, the U.S. national debt reached a new milestone of $22 trillion. Taking on debt enables the government to increase its spending on various domestic programs or make up shortfalls from tax revenue. One of the main ways the U.S. government borrows money is by issuing treasury securities, which represent an “IOU” from the … Read more