An Orderly Sell-Off
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21.
I would worry less about the gods and more about the fury of a patient man."
Why would the mainstream media want all of us to believe that stock prices are about to fall dramatically?
"Fiscal Cliff +Peak Fed = Second Leg of Correction" Morgan Stanley
The brief - ubiquitous - opening dip-buying in stocks has been erased entirely and all major US equity indices are dep in the red with The Dow down over 800 points...
Update 9/21/20 0835AM EST: General Motors has released a statement saying it has acknowledged the departure of Nikola founder Trevor Milton and that the company will work with Nikola to close its previously announced transaction.
Between bad banks behavior, COVID second-wave concerns, and political chaos; it appears markets (particularly stock markets) are waking up from their fiscal and monetary policy inspired dream-state.
Natural gas futures tumbled below $2 amid a broad rout in commodity markets and on speculation that Tropical Storm Beta may spur power outages and curtail LNG exports along the Gulf Coast (as Bloomberg notes, Beta is a slow-moving storm that will bri
U.K. "magic mushroom company" Compass Pathways went public on Friday, jumping 71% to $29 in its New York debut after pricing an initial 6.7 million shares at $14 to $16 each. The company's NASDAQ listing is expected to raise $127.5 million.
...Stimulus Bill Demand. As a reminder, two days ago Trump made it clear that the White House is now willing to settle at the $1.5 trillion package which was introduced by the Problem Solver caucas, urging Senate republicans to raise their $500BN ski
Just as were bringing readers a warning from BMO technician Russ Visch that a drop below 3,310 in the S&P would breach the mid-September support and open a door for a retest of 3,233...
"I want the guys in the trading floors to be as jumpy as possible. I'm going to make sure whoever gambles on this market will be ouching like hell..."
ith month and quarter-end just two weeks away, Wall Street shifts its collective attention to a recurring phenomenon, namely the quarter-end rebalancing where outsized stock buying or selling can lead to short-term market havoc.
It's been an ugly year, performance-wise, for the man that the entire industry seemed to be worshiping, without question, heading into 2020. Ray Dalio's Bridgewater Associates is down 18.6% for the year, as of the end of August.
In a potential seachange within the EV industry, this morning General Motors announced it would be manufacturing its own family of EV drive systems and motors.
A Contested Election Means "Mad Chaos For The Stock Market" - Pento Sees "Rocket Fuel" For Gold/Silver
Admits Nikola One Semi Was Not "Powertrain Driven"
...Was Not "Powertrain Driven".
Warren Buffett Is DUMPING Wells Fargo! - Are We Witnessing The END Of Wells Fargo?
Update 1015AM EST: And the hits just keep on coming. Just two hours after Nikola issued a brief press release dismissing the fraud allegations from Hindenburg Research, another notable short seller, Citron Research, joined the crusade against Nikola,
We've just come out of a summer period where nothing seemed to matter with markets relentlessly accelerating high to suddenly everything mattering as we just saw the most aggressive correction off of all time highs in the Nasdaq since the 2000 bubb
Josh Sigurdson talks with Tim Picciott, The Liberty Advisor about the crash of Tesla stock following the S&P 500 not listing the company.
Many of us have been waiting to see what surprises the month of September would bring, and it appears that a stock market crash may be one of them.
A few days ago, we shared an anecdote from hedge fund legend Stanley Druckenmiller - a former George Soros analyst and iconic macro investor - who recounted a painful, nearly career-destroying experience where he ignored the warnings of his gut and j
At the same time as Tesla shares are tanking after its snub from S&P 500 inclusion and down in the past week more than the market cap of Exxon, Nikola and General Motors are adding insult to injury for many Robinhood traders.
With growth stocks getting pummeled, one would think that there is at least some rotation out of growth and into value sectors.
Nasdaq futs are down 11% (correction from their highs last week), and the rest of the majors are down around 5%...
Tesla shares tumbled Tuesday, after Elon Musk's electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index.
With growth stocks getting pummeled, one would think that there is at least some rotation out of growth and into value sectors. Alas, one would be wrong, because the core commodity behind so many "value" strategies, oil, is plunging even more than th