Atmospheric River Strikes California On Tuesday, Bloomberg points out that multiple weather systems are traversing the country with high accumulating snow probabilities from the Southwest to the Northeast. Source: Bloomberg Today's top weather events (courtesy of Bloomberg): California ordered evacuations in some parts Read more…
Democratic Party In Oregon Blasts “Republican Attacks” After Antifa Smashed Its HQ Authored by Steve Watson via Summit News, Democrats in Oregon have blamed 'Republican attacks' after Antifa smashed up its headquarters last Wednesday just hours after Joe Biden was inaugurated. We Read more…
US Home Prices Are Accelerating At The Fastest Pace In 7 Years After surged in October, US home prices (as measured by S&P CoreLogic Case-Shiller index of property values) was expected to accelerate further as a low inventories of listings and solid Read more…
Earlier in the day the PBOC withdrew a net 78 billion yuan via open-market operations, the most in two weeks. It wasn't just the PBOC's liquidity drain however: the rate spike was also catalyzed by a stark warning from PBOC Read more…
Netherlands Hit With Third Night Of Anti-Curfew Riots Dutch riots unfolded for the third consecutive night as anti-lockdown protesters defied the country's new curfew rules to mitigate the spread of COVID-19, according to RT News. At least 150 people were Read more…
-Bloomberg “The legislative filibuster was a key part of the foundation beneath the Senate's last 50-50 power-sharing agreement in 2001,” wrote McConnell in a statement. Under the agreement in place in 2001, the last time the Senate was evenly split, Read more…
Beyond Meat Soars On “Plant-Based Protein” Joint Venture With Pepsi Is Melvin Capital also short Beyond Meat. That was the first thought that went through everyone's head when BYND stock soared by almost 20%, surging from $160 to $190 in Read more…
Etsy Shares Spike 9% To 52 Week Highs After Elon Musk Tweets “I Kinda Love Etsy” Etsy shares spiked Tuesday morning on what is now becoming the only bona fide way to move markets: pumping stocks on social media. One Read more…
We reduced our weighting in our “indexed” positions, which we use for overweighting equity allocations during short-term bullish advances. Investor positioning has also reached rather extreme levels. However, I will remind you that we wrote much the same in January 2020. “In the current Read more…
The yen and the Swiss franc were little changed against the dollar, but climbed against most major currencies on haven demand; the euro remained down after weakening toward $1.21. Top Asian News Asia Stocks Slip as Stimulus Timing, China Bubble Read more…