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Despite a populist grassroots movement seeking to ban Congress members from trading stocks, one which has attracted bipartisan political support, Democratic House Speaker Nancy Pelosi...
Host:
Ernest Hancock
Tim Picciott (The Liberty Advisor) and John Sneisen (The Economic Truth) give the Economic Report, Wall Street Creates New Asset Class to Commoditize The Planet’s Resources!, etc...
I have some good news and some bad news for you.
The fundamental consequence of 30 years of Fed fueled financial asset inflation is that the prices of stocks and bonds have way overshot the mark.
The futures market has been a hot topic of late, but it can only have so much impact on the price of bitcoin.
Speaker Pelosi Rejects The Idea Of Congressional Stock Trading Ban, Claiming "We're A Free Market Economy"
Goldman Rings The Alarm On Collapsing Market Breadth: 51% Of All Market Gains Since April Are From Just 5 Stocks
Great news, the G7 Finance Ministers agreed to prevent future supply-chain problems. That might just have to do with the backlash that leaders are starting to face from their electorates, with inflation now the next headache for President Biden.
"These bonds enable private sector investors to directly contribute to a critical effort to address one of the biggest global challenges we face."
CEOs and corporate insiders are dumping stock at a far faster rate than we've seen in recent years, and the twist is, they're ramping up selling as their own companies engage in record stock buybacks.
It has been two weeks since the deadly (no one has died anywhere in the world) new COVID variant - Omicron - and only The Dow has managed to shrug off the constant fearmongering and panicky policy-making to 'slow the spread' of this "mild" virus..
On the same day he "joked" about quitting his jobs, Elon Musk casually unloaded another $963 million in Tesla stock, bringing his 6 week total to about $11 billion in stock sold.
The Form 4 was filed on the same day he "joked" about quitting his jobs.
Musk has actually increased his stake in Tesla during this high-profile sale.
So here we are, witnessing the switch from risk-on to risk-off in real time.
Why are CEOs and corporate insiders selling their stocks at a far faster rate than we have ever seen before?
Markets may be crashing, but not every stocks is getting smashed into the close and one notable outlier is blank check firm Digital World Acquisition Corp (ticker DWAC) better known as Donald Trump's new social media venture, which according to a lat
Arriving just in time to lower gas prices at the pump and dampen down the roaring inflationary impulse that could force The Fed's hawkish hand, COVID variant 'Omicron'
The emergence of 'nu' has sparked demand anxiety in the crude complex and oil prices are collapsing.
It's pretty clear that markets are not having a good day today, and all else equal, it's likely they will only get worse for the simple fact that gamma is now broadly negative, and more put buying (and selling) will lead to more selling (and put buyi
Josh Sigurdson reports on the latest crash of the stock market as news of a fake variant hits the media propaganda networks.
The decision not to appoint progressive-fave Lael Brainard to Fed Chair (and more notably not to pick her fore vice-chair of supervision) triggered selling in STIRs (Powell more hawkish) and buying in bank stocks (no Warren-esque 'regulator' running
Elon Musk sells off another $930 million worth of Tesla stock bringing total sales in last six trading days to $7.8 billion - just days after sparring with Bernie Sanders and offering to sell more shares
Update (1025ET): Well that escalated quickly. TSLA shares are down over 4% this morning, trading back below $1000 once again and down over 20% from the record highs earlier in the month.
It makes perfect financial sense to crash the market and no sense to reward the retail options marks by pushing it higher.
**UPDATE: Scroll down to the OIL OPTIONS section for the headline story**
US futures rose and European bourses once again rebounded from overnight lows, this time after concerns that scorching US and Chinese CPI and PPI prints will prompt central banks to tighten much sooner than expected.
After a rough day for Wall Street, Disney shares are tumbling after hours as its Q4 earnings showed Disney+ subscriber growth missed Wall Street's expectations.
If the ugliest auction so far in 2021 was the disastrous 7Y sale back in February, which sparked a mini market meltdown in both bonds and stocks, then the just concluded sale of $25BN in 30Y paper was almost just as terrible.
