Trading | September 28

“BTFD”, “Goldilocks”, “Climbing a wall of worry”, “Powell Put”, “Trump Put”, “It’s different this time.” The excuses to buy stocks – no matter what headline tape bomb explodes – grow longer and more desperate as asset-gatherers and commission-takers know the end

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Trading | September 28

With the market’s attention yesterday focused on the historic Kavanaugh hearing, it is understandable that the biggest markets story slipped by largely unnoticed: as we noted yesterday morning, that was the sudden spike wider in various dollar basis swaps (i.e. funding

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Trading | September 28

While oil traders have been generally punting to the “November Iran sanctions” as the reason why in recent weeks a bevy of $100 oil forecasts have emerged (even if Goldman disagrees), a more immediate cause for the prevailing oil price bullishness

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Trading | September 27

Pending home sales plunged in August, dropping 1.8% MoM (almost four times worse than expected) to its lowest since Oct 2014 (and fell 2.5% YoY) – the fourth month of annual declines in a row… As Bloomberg notes, the decline, which

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Trading | September 27

Authored by Jim Quinn via The Burning Platform, “Facts are threatening to those invested in fraud.” ― DaShanne Stokes Insiders at US companies unloaded $5.7 billion of their company stock this month, the highest in any September over the past decade, according to

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Trading | September 27

Crypto prices surged on Wednesday after Beijing-based Bitmain published its long awaited IPO prospectus, publicly disclosing for the first time just how enormously profitable the purveyor of crypto mining rigs and chips has become since it was founded in 2013 by

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Trading | September 27

Submitted by The Macro Tourist   The other day I was flipping through my database of research, saved quotes and most importantly – amusing pictures, and I stumbled upon this gem: I love this quote because it clearly shows the absurd

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Trading | September 27

The most significant and dangerous risks stem from policymaking. And on top of the list is, of course, the protectionist crusade of the Trump administration to disrupt the post–World War II global economic order the US was instrumental in building. The

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Trading | September 27

In the aftermath of the Fed’s latest rate hike on Wednesday, which despite a hawkish dot plot was dovish in its removal of the “accommodative” language – a staple of the ZIRP period over the last decade – there was some

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Trading | September 27

Authored by Charles Hugh Smith via OfTwoMinds blog, Want to understand the full scope of neofeudalism in America? Follow the money and the power and privilege it buys. The repugnant reality of class privilege in America is captured by the phrase date

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