Justin's note: If you don't know Jeff Clark… you should. He's the master trader who made 10x his money on the Friday afternoon before Black Monday… and millions of dollars just before the dot-com crash. And while most investors ran fo
Update: Things have gone from bad to worse as the market opens with Tesla bonds collapsing to record low price...
Bank of America claims that the crypto boom is related to the coming recession - let's discuss. We are also discussing the strength of the market, the importance of market makers in crypto, manipulation present in crypto due to the big short and long
Shortly before 11pm EDT on Thursday night, we reported that cryptos suddenly jerked lower with Bitcoin flash-crashing over 15%, sliding as low as $6,395 on Bitmex XBTUSD perpetual swap - the most liquid bitcoin contract globally - before bouncing bac
At the beginning of this year, I was at dinner with my wife. Sitting at the table next to us, was a young financial advisor, who was probably in his mid-30's, meeting with his client who appeared to be in his 60's.
For the last several years, there has been a tremendous amount of activity and hype in the tech startup arena
Wall Street responded to our escalating trade war with China by throwing a bit of a temper tantrum.
U.S Economy Dow Plummets, What's Next For U.S Empire
"neither institutional nor retail investors are currently underinvested in equities. In fact we find that the opposite appears to be true..." -- JPMorgan's Nikolaos Panigirtzoglou
How To Claim Victory In A Lose-Lose Situation
Friday's euphoric reversal, which saw the Dow Jones first tumble some 400 points before staging a miraculous 500 points comeback on no news but a rebound in optimism that just because new US import tariffs were put in place that would make a trade de
And sentiment in the markets is now souring. Bigly.
"Get The Popcorn Ready" - Why The World's Most Bearish Hedge Fund Thinks The Biggest Crash Is Almost Here
Having IPO'd at $45 (raising around $74 billion), Uber's is the biggest IPO since Alibaba. But this morning, faced with an ugly market background, Uber's indicative range has collapsed from around $48 to finally open at $42...popped, then traded b
Update: The Dow is down over 1100 points from its highs in April...
Starting in stocks, spreading to bonds, and now leaking across other asset-classes, volatility expectations are starting to surge everywhere this week since President Trump and China's various media outlets play headline hockey over the trade-deal-en
America's revolution to a socialist, government-planned society complete with reserve currency helicopter money also known as "MMT", may or may not be successful but it certainly will be attempted, and every moment will be not only televised but also
With just one day ahead of its Thursday IPO, Uber has hit a pothole of driver unrest. Uber drivers in major cities across the United States and the UK are set to go on strike Wednesday over both lower wages and unstable working conditions, accordi
Update (1315ET): Losses are accelerating as VIX surges to its highest since January.
Some might describe it as one of the most successful prop trading bets since the crisis.
Continuing the pattern of China countering belligerent American trade rhetoric with attempts to calm its domestic market, turmoil across global markets continued Tuesday even after Beijing confirmed that Vice Premier Liu He would travel to Washington
Tesla's need for cash has finally slipped beyond the point where CEO Elon Musk can continue to pretend to ignore it, and instead has been given a violent thrust into urgent, as the company filed this morning to offer about 2.7 million shares (~$650 m
On Friday, April 26, 2019, the market was stunned with a much stronger than expected 3.2% rate of first-quarter economic growth. Wall Street expectations were clearly off the mark, ranging from 1.3-2.3%. The media took this as a sign the economy is r
Update: where Facebook soared, Google has stumbled. One day after Google reported one of its most disappointing earnings reports in years, which saw the company's ad revenue rise only 15%, the slowest increase since 2015...
U.S. Equity Optimism Is Starting To Look Misplaced
Bill Gates is all in on nuclear power.
Via Bloomberg's Richard Breslow, South Korea's GDP miss was a bad one. The Shanghai Composite fell 2.4%, bringing its week-to-date performance to negative 4.5%. Sweden's Riksbank surprised the market by how dovish it was. The euro made a n
Stocks are flat, bond yields are plunging, and the US Dollar is spiking to its highest since 2018...
Exactly six months after Netflix sold $2 billion in junk bonds, just as the market was starting its Q4 turmoil, the company on Tuesday announced it was selling another $2 billion in high yield debt...
We have been cogitating on the gross anomaly of our time: Namely, the fact that pre-tax corporate profits of $2.2 trillion (annual rate) posted for Q4 2018 were actually a tad lower than they were 7 years ago in Q1 2012, yet the S&P 500 has gained 12