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Copper, Crude, Crypto, & Credit Clobbered As Stimulus Hopes Fade Tyler Durden Thu, 10/01/2020 – 16:00 “Stimulus On, Stimulus Off”… $SPX Today… pic.twitter.com/fr1rMIZm82 — Ed ☯️ (@DowdEdward) October 1, 2020 That was the tale of the tape today as markets shrugged off various disappointing economic data and the algos just pumped and dumped on whatever…

With Surprise Ratings Plunge, Do Debates Even Matter In This Election? Tyler Durden Wed, 09/30/2020 – 16:40 Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, Last night’s debate was universally panned as many things not suitable for virgin ears. Honestly, I don’t disagree. I had no plans on watching it because they are…

WTI Rebounds Above $39 After Surprise Crude Draw Tyler Durden Tue, 09/29/2020 – 16:33 Oil prices tumbled today amid growing concerns of less stimulus and COVID second-wave fears driving expectations for less demand amid rising supply (overwhelming any Armenia-regional war premia). WTI tumbled back below $40 intraday. “If they were to put new restrictions on…

NYC’s COVID-19 Crisis Worsens; Regeneron’s New Drug Shown Effective: Live Updates Tyler Durden Tue, 09/29/2020 – 16:28 Summary: Regeneron new therapeutic proves effective a treating mild to moderate symptoms NYC positivity rate tops 3% for first time in months Mayor De Blasio imposes fines for refusing to wear masks Titans players test positive BofA examines…

Jim Quinn: The Only Thing ‘Systematic’ Is The Destruction Of America Tyler Durden Tue, 09/29/2020 – 16:20 Authored by Jim Quinn via The Burning Platform blog, “It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” – Upton Sinclair Upton Sinclair was describing willful ignorance based upon who butters…

Biden Dodged $500K In Taxes By Exploiting Loophole Tyler Durden Mon, 09/28/2020 – 16:40 Since the left is now in histrionics over President Trump’s perfectly legal use of the US tax code to avoid paying taxes for 10 out of the last 15 years, perhaps they’ll give as much attention to Joe Biden – who…

Goodbye To All That: Are Our Rituals Of “Prosperity” Increasingly Meaningless? Tyler Durden Mon, 09/28/2020 – 16:23 Authored by Charles Hugh Smith via OfTwoMinds blog, The heretical truth is that many of the “consumption rituals” that signified “prosperity” for decades are either meaningless, unaffordable or require way more effort than the meager payoff is worth.…

Gold, Silver, & Stocks Surge As Real Yields Tumble Tyler Durden Mon, 09/28/2020 – 16:01 Election Uncertainty reached its cycle highs today as the VIX curve steepened dramatically… Source: Bloomberg And stocks still appear unwilling to accept that level of uncertainty… Source: Bloomberg So which pill do you want to take? Real Yields tumbled today,…

Highly-Educated Americans Are By Far The Most Closed-Minded; Gallup Tyler Durden Sun, 09/27/2020 – 16:40 Authored by Eric Zuesse via The Strategic Culture Foundation, On September 11th, Gallup headlined “Bias in Others’ News a Greater Concern Than Bias in Own News”, and reported (based upon polling a randomized sample of 20,046 American adults) that: “69% of…

Hope For Hedge Funds? Market Volatility Has Investors Seeking Long-Short Strategies Tyler Durden Sun, 09/27/2020 – 16:15 Few in the finance industry have suffered at the hands of Fed policy that has driven the stock market nowhere but up over the last decade more than hedge funds. Investors have left hedge funds in droves as the…

Morgan Stanley: Brace For A Very Difficult Trading Environment In The Next 5 Weeks Tyler Durden Sun, 09/27/2020 – 15:50 Sunday Start, by Michael Wilson, Morgan Stanley chief US equity strategist The Waiting Is the Hardest Part Over the past month, several key risks to markets have surfaced, producing the first meaningful correction in this…

Taibbi: Revenge Of The Money Launderers Tyler Durden Sat, 09/26/2020 – 16:20 Authored by Matt Taibbi via taibbi.substack.com, On December 11, 2012, U.S. Justice Department officials called a press conference in Brooklyn. The key players were once and future bank lawyer Lanny Breuer (disguised at the time as Barack Obama’s Assistant Attorney General in charge…

NJ State Legislature Passes Ban On Paper Bags, Foam Food-Containers, And Plastic Straws Tyler Durden Sat, 09/26/2020 – 15:55 In addition to joining New York in some type of weird social experiment to see how high taxes can get before you drive all of your state’s citizens elsewhere, New Jersey has also decided to now ban…

Should Billionaires Exist? Tyler Durden Sat, 09/26/2020 – 15:30 Authored by Bradley Thomas via The Mises Institute, A mantra popularized by Bernie Sanders and like-minded progressives declares “billionaires should not exist.” The statement serves as both a declaration of the “immorality” of wealth inequality as well as a justification for steep confiscatory taxes on wealth favored by…

2 Charged In Veterans’ Home COVID-19 Outbreak That Left 76 Dead Tyler Durden Fri, 09/25/2020 – 16:40 One of the biggest contributing factors to the virus’s lethality during the early days of the US coronavirus outbreak was the fact that several states, particularly New York, New Jersey and Massachusetts, failed to secure nursing homes and…

BLM Stealth-Edits Website Amid Marxist Blowback, Plunge In Americans’ Support Tyler Durden Fri, 09/25/2020 – 16:20 A new Associated Press poll finds that there has been a massive 15 point swing and that most Americans are now hostile to Black Lives Matter protests. “The poll from The Associated Press-NORC Center for Public Affairs Research finds…

Dow Suffers Worst Week Since June As Dollar Surges Most In Six Months Tyler Durden Fri, 09/25/2020 – 16:00 A mixed picture in the major US equity indices this week with mega-tech-heavy Nasdaq managing gains (busting a three-week losing streak) as The Dow suffered its worst week since June, S&P and Dow down for the…

Peter Schiff: The Stock Market Needs The Fed More Than Gold Does Tyler Durden Thu, 09/24/2020 – 16:40 Via SchiffGold.com, The markets are getting clobbered this week with the exception of the US dollar, which hit a 2-month high. Not even the bond market managed to rally even with the stock market selling off and…

Novavax Launches ‘Phase 3’ COVID-19 Vaccine Trials As UK, France Post Record Numbers: Live Updates Tyler Durden Thu, 09/24/2020 – 16:26 Summary: Novavax becomes 5th US project to launch Phase 3 vaccine trials California cases top 3k again Ireland tightens social distancing rules for 2nd time in a week France reports record 16k+ new cases…