• News... - 22 May 2019, 9:05 pm

    Authored by Sven Henrich via NorthmanTrader.com, Are markets engaged in a major topping process? Last week I’ve raised the question of potential topping patterns being in the process of being formed if $SPX can’t recapture 2900 and move on to make new highs (Sins of the Past). <!–[if IE 9]><![endif]–><!–[if…Continue reading

  • News... - 22 May 2019, 8:47 pm

    Following an mini flash-smash higher this morning, cryptos just kneejerked abruptly lower across the board…no immediate catalyst was evident. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–>   Bitcoin was banged lower… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–>   Testing recent spike low support levels… <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–>   But Ethereum took…Continue reading

  • News... - 22 May 2019, 8:45 pm

    While the debates over AOC’s Green New Deal and every socialist candidate’s “MMT-based” platform have mercifully faded in recent weeks, discussion how to make college affordable and debt free is only just starting, and on Wednesday, Vermont socialist and Democratic presidential candidate Bernie Sanders said he’ll introduce legislation that would…Continue reading

  • News... - 22 May 2019, 8:25 pm

    Authored by Charles Hugh Smith via OfTwoMinds blog, Deflation eats credit-dependent, mass-consumption economies alive from the inside. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> While AI (artificial intelligence) garners the headlines, the next wave of disruptive technologies extend far beyond AI: as the chart of technologies rapidly being adopted shows, this wave includes…Continue reading

  • News... - 22 May 2019, 8:11 pm

    In yet another blow to the Trump administration, a federal judge in New York has rejected his request to keep his banks from producing financial records to lawmakers. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> As Bloomberg reports, the Trumps sued Deutsche Bank and Capital One last month to block them from complying with…Continue reading

  • News... - 22 May 2019, 8:00 pm

    Fed Minutes fail to fend off the selling pressure as the Trump administration cranks up the pressure on China…   Chinese stocks were lower overnight (but ChiNext remain green on the week?).. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–>   European markets were mixed with Germany modestly higher against weakness in the…Continue reading

  • News... - 22 May 2019, 7:50 pm

    Authored by Michael Snyder via The Economic Collapse blog, If the U.S. economy is “booming” and very bright days are ahead, then why are many large U.S. corporations laying off thousands of workers?  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Layoffs are starting to come fast and furious now, and this is…Continue reading

  • News... - 22 May 2019, 7:34 pm

    Unlike most of its competitors, Bank of America is not shy to admit when it has made a major forecast mistake due to being, as it puts it, “overly optimistic”, and that’s precisely what the bank’s rates strategist did earlier today when in a note titled appropriately “marking to misery”,…Continue reading

  • News... - 22 May 2019, 7:06 pm

    On Wednesday, Morgan Stanley held an investor call for clients, led by analyst Adam Jonas, supposedly due to feedback after the company’s note yesterday, which saw the investment bank lower its “bear case” target to on the company to just $10 per share. This came, ironically enough, just weeks after…Continue reading

  • News... - 22 May 2019, 6:53 pm

    Authored by Kevin R. Brock via The Hill <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Things seem to be moving quickly now. It has been a remarkable few weeks in American history. Momentum is building toward uncovering the distasteful possibility that the targeting of a U.S. presidential campaign was actually a political operation, fostered…Continue reading