Source: Bloomberg Oh and a panic bid into the world's biggest market cap company (after it already rose over 10% on Friday), but a lot of that faded as the day went on. Source: Bloomberg Biggest 2-day jump in the dollar since early June (though it started to give back Read more…
was foiled by the blockbuster earnings from the mega tech companies which sent the Nasdaq to new all time highs, forcing dealers – and frankly everybody else – to chase the year's best performing sector into the stratosphere. And since the gamma overhang is no longer an issue, looking ahead Read more…
This Time Is Different: The Death of Valuation – The Intellectual Calamity Of “Big Data” Tyler Durden Mon, 08/03/2020 – 15:20 Submitted by Kailash Concepts Introduction: An Old Story A recent article from Bloomberg counted a leading quant from one of the world's largest asset managers as a believer that Read more…
* * * Update (1315ET): As New Jersey's COVID-19 transmission rate climbs following a series of house parties that prompted a harsh warning from Gov Murphy, the governor on Monday decided to lower the number of people allowed at indoor and outdoor gatherings, lowering the limit from 100 to 25. Read more…
Lockdowns, masks, social distancing, contact tracing. Tedros – who, remember, isn't a medical doctor, but holds a PhD in philosophy with a focus on community health – advised. The message to people and governments is clear: do it all. Leaders must remember: When fighting COVID-19, lifting restrictions too early is Read more…
That's likely to remain the case until the fall becomes a crash, which I don't think will begin until the Dollar Index breaks 80. At its current rate of decline that level could be breached before year end, perhaps by election day. – Peter Schiff (@PeterSchiff) July 31, 2020 Remember, Read more…
Kashkari Says Only Way To “Save Economy” Is To Lock It Down “Really Hard” For 6 Weeks Tyler Durden Mon, 08/03/2020 – 14:35 With Shepard Ambellas of Intellihub Minneapolis Fed President (as well as former Assistant Secretary of the Treasury for Financial Stability under the Bush and Obama administrations, former Read more…
What's next? Rising coronavirus infection rates have already prompted some oil market analysts to cut their demand forecasts, most of which had previously predicted that oil demand would recover from an April nadir of around 80 million b/d sometime during 2021. Italian industrial activity could support power prices in August What's Read more…
Anthony Fauci says he's hopeful that a COVID-19 vaccine will be available 'by late fall or early winter,' it may not be as simple as one jab for a lifetime of immunity, according to the LA Times. -LA Times The problem is that “the novel coronavirus hasn't been around long Read more…
This conspiracy theory first appeared shortly after Trump's election and became the rage when Vice President Joe Biden predicted that Trump would try to halt the election (and try to steal the election through the Postal Service). Returning to his favorite subject of denouncing mail-in voting as a disaster in Read more…