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Archive Monthly Archives: April 2018

Breslow: "I Don't Usually Believe In Technicals, But…"

Here is yet another take on the S&P’s breach of the 200DMA – the first time the two lines have crossed since Brexit – from Bloomberg markets commentator, Richard Breslow, who however takes on a contrarian, mocking approach to the sudden army of chart experts spawned over the past 24 hours, lamenting that “I’ve never […]

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China Vows Retaliation With "Same Scale, Intensity" To Any New US Tariffs

Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass exodus continues out of Wall Street’s highest-flying stocks, trade war concerns are sparking […]

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Gartman: "Were We Wrong To Cover Our Short Yesterday? Yes… Of Course"

Over the long-weekend, we reported that just as the S&P was surging last Thursday to close the week in a euphoric mood, Dennis Gartman – who just two weeks ago made a “watershed call” that the market has hit a multi-year top, announced that he was covering his short, suggesting he has no faith in […]

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Where Volkswagen Cars Go To Die

An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California. These are the lots where Volkswagen is storing the hundreds of thousands of diesel vehicles that included software to help them cheat US emissions testing as the company races to buyback a huge chunk of its […]

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Spot The Real Bubble

After a seemingly unstoppable surge higher for years, March was a tough one for tech stocks, as the curtain was lifted exposing Oz-like machinations behind the scenes that spooked investors enough to pop the bubble of delusion so many were living in. After a magnificent 2017, Cryptocurrencies also started 2018 off poorly as yet another […]

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Futures Slide With Most Markets On Holiday As China Strikes Back In Trade Wars

Global markets started the new week and quarter with very muted trading in Asia as most key markets including Australia, New Zealand , Hong Kong, Canada, UK and most parts of Europe remain closed for Easter holidays. US stock futures are lower… …and equities in Asia have given up the gains seen early in the […]

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Trump Rages: "Use Nuclear Option To Stop Massive Inflow Of Drugs And People"

For the second time in two days, Trump took to twitter to warn about the caravan of migrants headed through Mexico to the the US border, and bashed the Mexican government for allowing migrants untrammeled access to its northern border and Democrats for passing laws that “don’t do their job.” In doing, the president demonstrated […]

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Tesla Tumbles After Elon Musk Jokes About Bankruptcy

One day after Elon Musk amused his 20 million twitter followers with a Tesla bankruptcy April Fool’s joke… Tesla Goes Bankrupt Palo Alto, California, April 1, 2018 — Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. […]

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Q1 2018 Was A Disaster For America

Authored by Chris Hamilton via Econimica blog, In the first quarter of 2018, the financial and investing industry went into overdrive detailing the upside of the 2018 tax cuts and the positive impacts of a “business friendly” executive and congressional branch on business in America.  The stock market hit record highs and the Federal Reserve proclaimed such good […]

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Zuckerberg Slams "Extremely Glib" Tim Cook

Facebook suffered what some might consider the ultimate humiliation over the weekend after the company was mercilessly trolled by Snapchat (the company that, investors fear, could be crushed by Kylie Jenner on a whim). But luckily (or perhaps unluckily) the company was ready with the next installment in Facebook CEO Mark Zuckerberg’s pre-testimony media tour […]

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