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Apple Soars To Record High On Blockbuster Earnings, Announces 4 For 1 Stock Split Tyler Durden Thu, 07/30/2020 – 16:43 Heading into the current, Q3 quarter – typically one of Apple’s slowest of the year – Wall Street was expecting Apple to report revenue of $52.2 billion, or another slight decline from last year, even…

Amazon Soars After Smashing Expectations, Guiding Sharply Higher Tyler Durden Thu, 07/30/2020 – 16:30 Heading into today’s earnings call juggernaut which sees almost $5 trillion in market cap report among just 4 companies (AAPL $1.7TN, $1.2TN, GOOGL $1TN, AMZN FB $670BN) Amazon had emerged as the one FAAMG stock that was viewed as the cleanest…

What Ad-Boycott? Facebook Shares Jump After Crushing Every Major Metric Tyler Durden Thu, 07/30/2020 – 16:16 Heading into earnings tonight, Facebook had been making plenty of headlines on twitter as an increasing number of virtue-signalers claim they are boycotting ad spend on the social media network (and not merely cutting costs amid COVID). “We’re glad…

Seth Klarman Slams “Enabling” Fed For “Infantilizing Investors” In “Surreal” Market Tyler Durden Thu, 07/30/2020 – 15:05 “Surreal doesn’t even begin to describe this moment,” exclaims a frustrated-sounding Seth Klarman in his hedge fund, Baupost’s latest investor letter. While the highly-paid, experienced, and process-oriented hedge fund managers are just “getting back to even” in 2020…

Trader Joe’s Reverses Course, Refuses To Kowtow To Outrage Mob Tyler Durden Thu, 07/30/2020 – 14:45 Authored by Monica Showalter via AmericanThinker.com, Have we reached Peak Corporate Cave-In? It kind of looks like it – Trader Joe’s has decided to reverse course and not change all the brand labels of its products to satisfy the…

Florida Smashes Record COVID-19 Death Tally For 3rd Straight Day As “Second Wave” Spreads In Europe, China: Live Updates Tyler Durden Thu, 07/30/2020 – 14:25 Summary: California report another 197 deaths Houston hospitalizations decline France sees COVID ICU numbers climb for first time in 16 weeks Biden slams Trump for ‘failing to protect America’ Arizona…

Here Is The Strategy Of The Best Performing Hedge Fund Of 2020 Tyler Durden Wed, 07/29/2020 – 19:05 Sure, there are probably a handful of hedge funds who have generated even higher returns, but for the purpose of this post we are going off the latest HSBC hedge fund weekly report, according to which Boaz…

Trump Administration Bails Out Post Office As Workers Whine About “No Letter Left Behind” Tyler Durden Wed, 07/29/2020 – 18:45 What kind of monster would de-fund the post office? That’s the message that President Trump’s liberal detractors at media outlets like The Intercept have been pushing as President Trump suggested that he would withhold rescue…

California, Texas, Florida Suffer Record Jump In COVID-19 Deaths; New Jersey, Rhode Island “Pause” Reopening: Live Updates Tyler Durden Wed, 07/29/2020 – 18:43 Summary: Brazil reports new record jump with nearly 70k cases in a day Texas suffers record jump in deaths as cases top 400k Trump says US will send Texas 500 cases of…

Our Slide Into Social Psychosis And Breakdown Tyler Durden Wed, 07/29/2020 – 16:25 Authored by Charles Hugh Smith via OfTwoMinds blog, Not only is our lifestyle on back-order, so is our sanity. Yesterday I mentioned our collective inability to make sense of the contradictory messages of the status quo and our own experience. This inability to…

Gold Hits Record High, Yields Hit Record Lows After Powell Promise-Fest Tyler Durden Wed, 07/29/2020 – 16:01 As one would expect, markets were dominated today by Powell’s words with gold and stocks rising after the FOMC statement: Powell initially promised The Fed will “do whatever it takes for as long as it takes” and stocks…

Market Technicals: Five Key Levels On Verge Of Breakdown Tyler Durden Wed, 07/29/2020 – 15:44 Value investors swear by fundamentals, news and data (or at least they used to before the Fed took over markets). To technicians, there is nothing sexier than a strategically planted squiggle or a trendline breaching some other line. Case in…

The COVID-Hysteria Campaign – The Ultimate Divide And Conquer Strategy Tyler Durden Tue, 07/28/2020 – 23:55 Authored by Russ Bangs via Off-Guardian.org, “It has frequently been observed that terror can rule absolutely only over people who are isolated against each other and that therefore one of the primary concerns of tyrannical government is to bring…

Iran’s IRGC Attacks US Carrier Mock-Up In Massive Drill Off Hormuz Strait  Tyler Durden Tue, 07/28/2020 – 23:35 New satellite images have confirmed that Iran has moved its mock US aircraft carrier to the strategic Strait of Hormuz for use in live-fire drills, which state media says have commenced.  Analysts say the mock-up actually appears close…

FOMC Preview: The Fed Must Find Ways To “Out Dove” Market Expectations Tyler Durden Tue, 07/28/2020 – 23:18 While nobody expects any fireworks from the Fed tomorrow or any major market-moving announcement, the FOMC meeting will likely involve a debate over the toolkit with a discussion of how to pivot from “stabilization” to “accommodation” policies…

Earnings Summary: AMD Jumps, Ebay Dumps, Visa Stumbles, Starbucks Rumbles Tyler Durden Tue, 07/28/2020 – 16:38 It’s a tale of two worlds after hours, when Starbucks jumped and Visa slumped after reporting calendar Q2 earnings. Starting with the former, Starbucks reported a 46 cent loss in fiscal Q3, down sharply from the 32 cent profit…

WTI Holds Losses As Surprise Gasoline Build Raises Demand Questions Tyler Durden Tue, 07/28/2020 – 16:35 Oil prices fell during the day session today as stimulus hopes faded amid big differences on each side of the aisle, which along with the MLB “pause” raised questions of the strength of demand rebound. “Demand for crude oil…

The Nation Is Falling Into the Abyss Between Wall Street And Main Street Tyler Durden Tue, 07/28/2020 – 16:26 Authored by Charles Hugh Smith via OfTwoMinds blog, The abyss between the Fed’s illusion of phantom wealth for Wall Street and the collapse of Main Street is bottomless, and our descent into the abyss is accelerating.…

Notre Dame Withdraws From Hosting First Presidential Debate; “Could Be Conducted Online” Tyler Durden Mon, 07/27/2020 – 16:42 The University of Notre Dame has withdrawn from hosting the first Trump-Biden debate scheduled for September 29, citing advice from the St. Joseph County deputy health director, and the “diminished educational value” of hosting the event. In…

Why Does It Feel Like We’re In “Life During Wartime”? Tyler Durden Mon, 07/27/2020 – 16:24 Authored by Charles Hugh Smith via OfTwoMinds blog, The laughably hopeless hope is that by propping up the corpses, the populace will discern some faint flicker of life in the decaying carcasses and return to their free-spending ways. Call…

Dollarpocalypse Sends Gold, Silver, & Crypto Soaring Tyler Durden Mon, 07/27/2020 – 16:01 Things just “escalated quickly” in dollar-land as the greenback was clubbed like a baby seal to its lowest level since Sept 2018 today… Source: Bloomberg Breaking a key up-trendline… Source: Bloomberg Creating the so-called “death cross”… Source: Bloomberg “I love the smell…

These German Military Dogs Have Been Trained To Sniff Out Coronavirus, Researchers Say Tyler Durden Sun, 07/26/2020 – 16:30 Here’s an innovation that could dramatically reduce the mortality associated with SARS-CoV-2 and COVID-19, the disease caused by the virus. In Germany, a group of researchers claim to have trained dogs to identify people infected with…