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Traders have sold more than $1 billion through the first two weeks of August via Jenny Yu and Cindy Wang Chinese investors have lost their taste for Hong Kong stocks after a bump in demand in July. Mainland traders have been selling the city’s stocks this month, with net sales last week amounting to about HK$7.5 billion … Read more
via Kasper Viita It’s time to step back from market-darling chip stocks, according to Morgan Stanley. The U.S. semiconductor sector now has the poorest risk-reward ratio in three years as cyclical risks are piling up, according to the broker, which last month said investors should sell the crowded technology sector. “Cyclical indicators are flashing red,” analysts including Joseph … Read more
Stocks are moving out of step with each other the most they have since just before the end of the tech bubble, and the significant lack of correlation is possibly due to Fed rate hiking, trade wars or the aging bull market. But when correlations are this low and stock valuations are very high, as … Read more
BY SRSROCCO In just the past few years, global asset values have risen to the biggest bubbles in history. Unfortunately, this doesn’t seem to be a concern to the market because most people believe they are getting richer. However, rapidly rising digital riches can easily turn into digital losses, just as quickly. But, this will likely … Read more
by Peter Schiff of the Peter Schiff Show Podcast In his latest podcast, Peter really brings it with this timely update. The podcast starts out with Peter commenting on the latest economic data, and it quickly turns into the hot topics of the day in the world of economics and finance. There is lengthy talk about some specific … Read more
from Zero Hedge Over the past three years, an unexpected voice of caution has emerged from one of the most legendary families in finance: Lord Jacob Rothschild. Readers may recall that as part of the RIT Capital Partners 2014 annual report commentary, the scion of Rothschild family warned that “the geopolitical situation is most dangerous since WWII.” … Read more
by Tom McClellan We all know about the factor of seasonality, and especially about how it is distilled into the bit of TV news wisdom, “Sell In May and go away”. That phrase has been around for decades, originally supposedly referring to traders in England who would “Sell in May and go away, and come back … Read more
by Jesse John Alexander, Ship of Fools “This is what a society looks like when the glue that holds it together starts to dissolve. This is the way ordinary citizens react when they learn that the structure beneath them is crumbling. And this is the thrill that pulses through the veins of the well-to-do when they … Read more
by Jesse “In a corporatist system of government, wherein there is no meaningful separation between corporate power and state power, corporate censorship is state censorship.” Caitlin Johnstone, Rogue Journalist “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or … Read more
From Birch Gold Group The only other time the Fed did an “unwind” of quantitative easing similar to today’s market conditions was back in 1937. And that didn’t work out so well. The credit markets froze, and the market would not start recovering until 1942. See the 1939 – 1942 DOW chart below: The same chart pattern … Read more
via thefreethoughtproject: America is embarking down a deeply troubling path in regard to publishing, sharing, and consuming information. The end of this path is something that tyrannical regimes throughout history have fought vigorously for as it allows them to control the public narrative and ensure ideas that challenge their rule are stomped out of existence forever … Read more
via John Engle Summary Despite missing on earnings, the market reacted favorably to Tesla’s Q2 earnings report thanks to a beat on revenue and apparent reduction in cash burn. Tesla claims it can service its debts with internally generated cash flow, but without a very considerable increase in cash by year-end, the company could be in … Read more
by stockboardasset Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country this year. Department stores like Kmart, Macy’s, Sears, and JCPenney, and retailers including Best Buy, … Read more
via theverge: Microsoft has threatened to cease hosting services for the alt-right social network Gab over two anti-Semitic posts, according to an email published by Gab founder Andrew Torba. The email claims the posts violate Microsoft policy and requests that Gab “promptly take appropriate action to resolve the complaint…within two business days” or hosting service will be … Read more
IT’S KAFKAS ALL THE WAY DOWN: Smith College investigates employee for following its own procedures on ‘suspicious behavior.’ Report all incidents, ‘no matter how insignificant’ If you see something, say something. It’s not only an annoying but toothless order from the Department of Homeland Security – it’s the official policy of Smith College. And the elite … Read more
Twitter Bans Conservative Author For Tweet Supporting Sarah Jeong And Opposing Deplatforming. Elizabeth Kantor: They deplatformed me—for a tweet deploring deplatforming. Here’s the full text of my offending tweet, a full-throttle defense of New York Times editorial board hiree Sarah Jeong’s freedom of speech and included a self-deprecating reference to my own race: “@sarahjeong This … Read more
THE WALL STREET JOURNAL EDITORIALIZES: The ‘Red Wave’ Illusion: Evidence builds of major GOP losses in November. Republicans on present trend are poised in November to lose their majority in the House of Representatives and a slew of governorships. That’s the clear message from Tuesday’s election contests and a growing body of evidence. The President’s persona … Read more
by Chris Black Life is not without a sense of irony, as we just got word about an illegal alien who broke both of his legs as he was trying to enter the land of the free, home of the brave by jumping over a brand-new (and beautiful) thirty foot high wall. Who said that … Read more
by Dana Lyons This is a FREE look at the macro analysis and trade setups that we provide every day for members of The Lyons Share. China’s battered Shanghai Composite may find support at nearby prices. Following the global equity rout of 2015-2016, China’s Shanghai Composite (SSEC) rebounded along with the rest of the world markets. … Read more
via nbcnews: A Boston-area man has been arrested by federal agents in New York after threatening U.S. immigration agents on Twitter. Brandon Ziobrowski, 33, of Cambridge, Massachusetts, was arrested Thursday morning after posting on Twitter in July that he would give $500 to anyone who would kill an Immigrations and Customs Enforcement (ICE) agent. On or about July 2, 2018, … Read more