Source: Bloomberg You can't un-cut the rope Jay. A very technical buying panic to start the day but news that a second Omicron variant carrier had been found in the US (Minnesota, but traveled to NYC) initially sent stocks lower but once again he was said to have had only Read more…
And one of the first priorities facing him upon his ascension will be to appoint a new leader of the Bundesbank, Germany's central bank, long believed to play an outsize role in the European System of Central Banks. The 55-year-old Nagel would be no stranger to the institution; he spent Read more…
the average daily net flow of the past year), driven by continued short sales and to a much lesser extent long sales (9 to 1). The frenzied shorting, which occurred in the context of sharp net deleveraging. probably explains why stocks are surging today as the crowd is now scrambling Read more…
Second, according to Goldman it suggests that we have indeed approached the point of capitulation, “as a one month 0.4 mb/d OPEC increase in production represents a $1.5/bbl decline in prices on our fundamental modeling.” And with OPEC leaning into the near-term weak sentiment but, in doing so exacerbating the Read more…
Bitcoin-Backed Bonds Are Coming To Wall Street As Goldman Embraces Crypto-Collateral Earlier in the week we described El Salvador's historic bitcoin bond deal – a $1 billion deal collateralized with $500 million of bitcoin that the crypto-embracing nation would use to fund the construction of a “Bitcoin city.” As we Read more…
Yes, really, cat videos – and GIFs. But now this trick for building audiences is being used by people and organizations peddling misinformation, researchers say. https://t.co/xw7MqEaSz1 – The New York Times (@nytimes) December 1, 2021 The article complains that news outlets like the Western Journal and the Epoch Times have Read more…
Twitter Slaps 'Unsafe' Label On American Heart Association mRNA Vaccine Warning Twitter has slapped an “unsafe link” warning on a study from the American Heart Association which found that mRNA vaccines dramatically increase risk of developing heart diseases from 11% to 25%. As of this writing, when one clicks on Read more…
Lower-Income, Less Educated Americans Most Affected Lower-income households are most likely to have experienced financial hardship due to price increases. While the majority of US adults without a college degree (54%) describe price increases as causing financial hardship for themselves or their family, 30% of those with a college degree Read more…
The resuscitated policy – which Biden called “dangerous and inhumane” during the 2020 campaign – is in response to an order by a federal court in Texas that ruled the current administration's attempts to wind down the program were unlawful. The policy, formally called the Migrant Protection Protocols, was introduced Read more…
Take the Nasdaq: while the index remains just shy of all time highs, this is entirely thanks to the five or so gigacaps, the GAMMA (fka FAAMG) stocks, which has found solid support in recent days. The story of superior growth for the EM universe is as entirely plausible as Read more…