Business insider: Beyond Meat’s post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND)

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business insider Beyond Meat’s post-IPO rally surges to more than 680% as short sellers lose hundreds of millions (BYND) Carmen Reinicke Jun. 18, 2019, 08:48 AM beyond burger Leanna Garfield/Business Insider Beyond Meat gained more than 15% in pre-market trading Tuesday. The jump in shares extended a rally from news of a newly announced ground … Read more

Jim Chanos, Tesla’s most vocal short, is betting on TSLA rise, per SEC filing

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via teslarati: SEC filings from noted Tesla short Jim Chanos’ Kynikos Associates LP has shown that the prolific short-seller’s fund is long $420,000 on TSLA call options. While Kynikos’ Form 13F filing did not provide any information about Chanos’ short bet against the electric car maker or the call options’ strike price, the filing does give the impression … Read more

Leaked documents suggest Tesla has not met a Model 3 production goal set by Elon Musk in recent weeks

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via Businessinsider: Tesla CEO Elon Musk said in a May 22 email to the electric-car maker’s employees that they needed to consistently produce 1,000 Model 3 sedans per day for the rest of the second quarter to set a record for vehicle deliveries in one quarter. According to documents that describe the daily output rate for one segment of Model 3 production, … Read more

Arstechnica: Federal bill would allow clean energy companies to structure like oil companies

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https://arstechnica.com/tech-policy/2019/06/federal-bill-would-allow-clean-energy-companies-to-structure-like-oil-companies/ Last week, US senators and representatives introduced bills in the Senate and the House to open up a type of corporate structure originally reserved for oil, gas, and coal companies to clean energy companies. Called a Master Limited Partnership (MLP), the structure currently allows fossil fuel companies to take advantage of lower taxes placed … Read more

Signs Mounting the Economy Is Heading for Severe Slowdown…. Credit Investors Are Fueling a Dangerous Risk Rally – Bloomberg

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Signs Mounting the Economy Is Heading for Severe Slowdown It’s not just the bond market that’s signaling a severe economic slowdown. Also, Boris Johnson has failed to charm currency traders. If there were no trade conflict between the U.S. and China, would it be necessary to invent one? In other words, would it be possible to … Read more

Elizabeth Warren and Trump: Both Want to Sink the Dollar

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via mishtalk: Elizabeth Warren and Donald Trump are wrong together on at least one thing: Both want the dollar to collapse. Active Management Warren proposes “actively managing our currency value” to promote exports. The left-wing Economic Policy Institute embraced the idea in this NYT Op-Ed: Warren’s Radical Plan to Fix the Dollar. Ms. Warren and Donald Trump … Read more

Fund Managers Haven’t Been This Bearish Since the Financial Crisis

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via Yahoo: The results of Bank of America Merrill Lynch’s latest fund manager survey (FMS) are “the most bearish” since the financial crisis. During the month of June, the average fund manager flipped from overweight global equities to underweight. Specifically, a net 21% of fund managers were underweight, the lowest level since March 2009. That … Read more

Global trade war continues to deepen, Singapore’s electronic exports fell a massive 31.4% in May, the most in more than ten years!

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global trade war continues to deepen pic.twitter.com/Wv2QNOwtLZ — Alastair (@StockBoardAsset) June 17, 2019 Wow! #Singapore's electronic #exports, often seen as a bellwether for the global economy, fell a massive 31.4% in May, the most in more than ten years! pic.twitter.com/YNK8PYNj4G — jeroen blokland (@jsblokland) June 17, 2019 pic.twitter.com/cZ49dmmN7D — Alastair (@StockBoardAsset) June 17, 2019 https://t.co/pRWSLNsyBG … Read more

Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump

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Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump https://www.zerohedge.com/news/2019-06-1…onse-trump In Unprecedented Attack, Trump Accuses Draghi Of Manipulating Euro Update: Trump isn’t letting this go, and is now attacking Draghi because European stock markets rallied on Draghi’s stimulus remarks, which isn’t “fair” for the US. European Markets rose on comments … Read more

Bad Loans Still Too High at Eurozone Banks, ECB Warns

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NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The bad-debt problem at banks in the Eurozone, an ongoing legacy of cascading loan defaults during the last financial crisis, may have grown smaller overall in recent years but it’s still a major cause … Read more

How Are Traders Positioned Ahead Of The Fed?

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Authored by Lance Roberts via RealInvestmentAdvice.com, Over the last three weeks, we have discussed the “sellable rally” in the markets. However, one of the more stunning movements in the market was in interest rates which have fallen sharply in recent months as “deflation” and “economic weakness” have become points of concern for the Federal Reserve. Just last year, the Federal Reserve was … Read more

Who Bought the Nearly $1 Trillion of New US Government Debt over the Past 12 Months?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed & China dumped. But there was huge demand elsewhere. Here’s who bought. The US debt-ceiling charade is back. It’s where different political power groups in Congress stall legislation that would raise the maximum amount of money the government is allowed to borrow to fund what Congress had ordered the … Read more

Reminder

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Reminder pic.twitter.com/mP9albhjWf — mcm-ct.com (@mcm_ct) June 16, 2019 #ES_F cycle chart…looking constructive pic.twitter.com/o1f3NrOFAE — mcm-ct.com (@mcm_ct) June 16, 2019 pic.twitter.com/XwrcXIicMT — mcm-ct.com (@mcm_ct) June 16, 2019