Largest monthly inflow to S&P 500 growth ETF ever! Previous inflow extremes also preceded significant market selloffs. Record bullishness at near record valuations can never a good sign. Credits to @jessefelder pic.twitter.com/fSpEIEVr20 — Otavio (Tavi) Costa (@TaviCosta) April 1, 2019 …
The Dragon in the Game Room. By Adam H. Williams, Senior Associate at E911-LBS, LBSglobe.com, for WOLF STREET: The opening of mainland China’s video game market to the world, combined with the rapid adoption of smartphones in China, has helped drive the extraordinary …
By Cyril Widdershoven The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired a 70 percent stake in SABIC, with …
recession comes when Fed cuts pic.twitter.com/8AqgEFX2pZ — Alastair (@StockBoardAsset) March 27, 2019 Ok if my earlier tweet on $HYG didn’t WAKE YOU UP… “Almost 117k contracts net short by commercials, i.e ~2b notional short exposure.” $VIX Largest inflow to $UVXY …
By Irina Slav Sinopec reported a 76-percent drop in its latest quarterly profit for October-December 2018, which is the lowest since at least the third quarter of 2016, Reuters reports, citing the company. However, the bad news was not a result …
LOS ANGELES (KABC) — Problems at refineries have caused gas prices to rise over 4 cents a gallon in Los Angeles County, the largest daily price hike in three years. The average price of a gallon of self-serve regular gasoline …
A large storm system is finally making its way to New York City, and forecasters are telling folks here to expect 6-9″of snow in northern New Jersey and NYC. If accurate, that will be the largest snow storm to hit …
Is there anything happening in the global economy that we should be concerned of? Or just a couple bumps in the road? Things aren’t looking good in the shipping industry. Even the world’s biggest shipping link has cautioned preparation for …
via yahoo: Deutsche Bank AG’s DB largest shareholder, HNA Group Co., has again reduced its interest in the German lender to 6.3% from 7.64%, per a filing with the SEC. The Chinese conglomerate at one point held nearly 10% stake in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Brick-and-Mortar Meltdown for its new shareholders: All of them PE Firms. By store count, this is likely the largest retailer liquidation in the US: Payless ShoeSource is planning to file for bankruptcy again later in this …
By Irina Slav The Safaniyah oil field in Saudi Arabia—the world’s largest—is producing at a reduced capacity after a ship’s anchor cut a main power cable, Reuters reports citing a knowledgeable source. An earlier report from MarketWatch quoted information from Energy Intelligence suggesting production …
Border Patrol seizes enough fentanyl to kill 57 million people U.S. Customs and Border Patrol seized enough fentanyl to kill over 50 million people from a truck that was trying to cross the southern border into the United States, according …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon. Mall-landlord Simon Property Group – as it says, the largest real estate investment trust …
by Mac Slavo of SHTFplan The debt crisis in the United States of America has reached apocalyptic proportions. A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending. According to a recent analysis …
It’s a short clip from Tucker Carlson’s show can’t find any text about it yet. Press conference is tomorrow… 114kg Fentanyl 1kg Fentanyl pills 179kg Methamphetamine It was reportedly a trusted driver part of the DHS program… Watch the latest …
The largest single group of asylum seekers ever to cross into the U.S. tunneled beneath the border wall near San Luis, Arizona, on Monday, voluntarily turning themselves into Customs and Border Protection, according to the agency. Migrants can be seen marching toward …
via MarketWatch: PG&E’s bankruptcy would result in a default of $17 billion of its bonds If Pacific Gas & Electric Co. follows through with its bankruptcy announcement, the country’s largest utility would record the third largest default in the …
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Today’s emerging markets are tomorrow’s powerhouses, according to a recent forecast from Standard Chartered, a multinational bank headquartered in London. The bank sees developing economies like Indonesia, Turkey, Brazil, and …
via arkansasonline: Crooked Creek Bee Co., the retail sales and processing side of Arkansas’ largest commercial beekeeper, closed this week, a casualty of dicamba, Richard Coy, one of its owners, said Friday. The herbicide has been damaging or killing vegetation essential …
via Reuters: There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of five internal …
via mishtalk: The majority of board members at Banca Carige, Italy’s 10th largest bank, resigned and the ECB took Over. The Telegraph reports ECB Steps in at Italian Bank as Country Teeters on Recession. The European Central Bank has announced the appointment …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ugly long-term charts that Wall Street doesn’t want us to see. And now US stocks are infected too. How well does a buy-and-hold strategy work in the stock market over the long term – as measured …
Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household (CNSNews.com) – The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according to numbers published by the U.S. Treasury. On Dec. 25, 2017, …
via Bloomberg: Planned debt issuance falls for seventh straight year Government also preparing extra budget for current year Japan’s budget for the fiscal year starting in April 2019 will top 100 trillion yen ($890 billion) for the first time, …
U.S. stock funds set for record monthly withdrawals: Lipper NEW YORK (Reuters) – Investors fled U.S.-based stock funds in the latest week, setting those investments up for their biggest month of withdrawals on record, Lipper data showed on Thursday. …
via Yahoo: About 80 feet below Wall Street lies about 6,350 tons of gold, made up of about 508,000 bars, that are collectively worth hundreds of billions of dollars. According to ‘Key to the Gold Vault,’ a Federal Reserve Bank of New York (FRBNY) …
via TVUmK: Data was provided by the Center for Disease Control and Prevention, found here. I used the ggplot2 and gganimate R libraries for the visualization. The code is available on Github.
Consumers plan big holiday spending despite drop in economic optimism from CNBC. via CNBC: The percentage of Americans viewing the economy as excellent or good dropped 8 points to 50 percent, according to the latest CNBC All-America Economic survey. Those …
by Michael Snyder Large earthquakes aren’t supposed to happen in Tennessee. On Wednesday, the largest earthquake in 45 years hit eastern Tennessee, and it made headlines all over the nation. The magnitude 4.4 quake was so powerful that it was …
