Inflation Winners And Losers

Inflation Winners And Losers

Inflation Winners And Losers Authored by Charles Hugh Smith via OfTwoMinds blog, The clear winners in inflation are those who require little from global supply chains, the frugal, and those who own their own labor, skills and enterprises. As the case for systemic inflation builds, the question arises: who wins and who loses in an up-cycle of inflation? The general view is that inflation is bad […]

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Trudeau Slams Quot Unacceptable Views Quot Of Anti Vaxx Truckers Gofundme Blocks Access To 039 Freedom Convoy 039 Donations

Trudeau Slams “Unacceptable Views” Of Anti-Vaxx Truckers, GoFundMe Blocks Access To ‘Freedom Convoy’ Donations

Trudeau Slams “Unacceptable Views” Of Anti-Vaxx Truckers, GoFundMe Blocks Access To ‘Freedom Convoy’ Donations A massive convoy of Canadian truckers is nearing the capital of Ottawa to protest the cross-border COVID-19 vaccine mandates severely affecting the trucking industry.  Top government officials, big technology companies, and mainstream media are downplaying the protest, dubbed the “Freedom Convoy” that began in Vancouver on Sunday and is expected to reach […]

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Robinhood Craters To New Record Low After Another Catastrophic Quarter

Robinhood Craters To New Record Low After Another Catastrophic Quarter

Robinhood Craters To New Record Low After Another Catastrophic Quarter Unlike last quarter, we didn’t need to look at Robinhood’s 606 filings ahead of earnings. We had a feeling that the results would be ugly (as we predicted last quarter), and we were wrong: they were disastrous and absolutely horrific. As a reminder, in its dismal guidance last quarter, when the stock imploded, Robinhood slashed […]

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Ukraine’s President Tells Biden To “Calm Down” In Phone Call

Ukraine’s President Tells Biden To “Calm Down” In Phone Call In their Thursday afternoon phone call which the White House called “a check-in”, it seems President Joe Biden took the opportunity to continue with an alarmist posture as he told his Ukrainian counterpart Volodymyr Zelenskiy that a Russian invasion is “now highly certain” – according to CNN.  Further, “President Biden reaffirmed the readiness of the United States […]

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The Fed 039 S Conundrum And The Secular Shift Towards Inflation

The Fed’s Conundrum And The Secular Shift Towards Inflation

The Fed’s Conundrum And The Secular Shift Towards Inflation Submitted by Liam Cosgrove Yesterday, the FOMC held true to its monetary tightening timeline despite last week’s 10% drawdown in most major indices. Effectively saying, “10% is not enough.” With retail sales numbers that will surely return to trend without more stimulus (see chart), a gridlocked Senate, and the prospect of higher interest rates surely to […]

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Chinese Scientists From Wuhan Discover “Potentially Deadly” New Strain Of Coronavirus

Chinese Scientists From Wuhan Discover “Potentially Deadly” New Strain Of Coronavirus Here we go again. A team of Chinese scientists from Wuhan have discovered a new strain of coronavirus that they fear could make the jump from animals to humans. Shortly after another team of Chinese scientists published new research claiming that the omicron strain may have gestated inside mice, this other team has warned […]

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Angry Stocks Come To Terms With Hawkish Fed As Yield Curve Screams 039 Policy Error 039

Angry Stocks Come To Terms With Hawkish Fed As Yield Curve Screams ‘Policy Error’

Angry Stocks Come To Terms With Hawkish Fed As Yield Curve Screams ‘Policy Error’ GDP “good news” appears to have been greeted as “bad news”, providing more cover for Powell to do what he said he would do with rates and QT… and while the algos lifted everything overnight, sellers appeared at the cash open and it was a one-way trip to yesterday’s lows (or […]

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Nearly 40 Of All Illinois Covid Deaths In The Last Month Are Breakthroughs What Gives

Nearly 40% Of All Illinois COVID Deaths In The Last Month Are Breakthroughs. What Gives?

Nearly 40% Of All Illinois COVID Deaths In The Last Month Are Breakthroughs. What Gives? By Ted Dabrowski and John Klingner of WirePoints Square this one up for us, Gov. Pritzker. On January 3rd, you said that only 5 percent of COVID patients in Illinois’ ICUs were vaxxed.* The implication was that Illinois is suffering from a “pandemic of the unvaccinated.” But since your comment, […]

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Apple Soars After Smashing Expectations In Record Revenue Quarter

Apple Soars After Smashing Expectations In Record Revenue Quarter

Apple Soars After Smashing Expectations In Record Revenue Quarter Two days day after Microsoft barely avoided a collapse into the hawkish Powell abyss, and one day after Tesla reported earnings that sent its stock crashing, investors held on to hope that at least the world’s largest company and one of the very few gigacaps generals still standing, Apple, would somehow pull a rabbit out of […]

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Jpmorgan Not Enough Capitulation To Call A Bottom

JPMorgan: Not Enough Capitulation To Call A Bottom

JPMorgan: Not Enough Capitulation To Call A Bottom One day (and one week and one month) after JPM called again to buy the dip, at least one group inside the largest US bank – arguably the most important one – is getting cold feet on a quick bounce. As the bank’s trading desk writes this morning, while stocks reacted poorly to Powell’s unexpectedly hawkish comments, […]

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Goldman President Complains Overly Quot Political Quot Fed Quot Does Not Have The Will Quot To Stop Inflation

Goldman President Complains Overly “Political” Fed “Does Not Have The Will” To Stop Inflation

Goldman President Complains Overly “Political” Fed “Does Not Have The Will” To Stop Inflation Shortly before the start of yesterday’s Fed announcement, Goldman Sachs No. 2 John Waldron, the investment bank’s president and a Wall Street insider if there ever was one, apparently decided to vent his frustrations with the Powell Fed in front of a live (if virtual) audience at a meeting of the […]

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039 Rogue Wave 039 2 0 Us Natgas Futures Explode Higher Into Chaotic Expiration

‘Rogue Wave’ 2.0: US NatGas Futures Explode Higher Into Chaotic Expiration

‘Rogue Wave’ 2.0: US NatGas Futures Explode Higher Into Chaotic Expiration February U.S. natural gas futures violently surged Thursday in what appears to be a delivery squeeze into expiration.  Bloomberg’s Javier Blas had some early insight that something was amiss… Something is happening in the US natural gas market — Javier Blas (@JavierBlas) January 27, 2022 Around 1400 ET, natgas contracts for February jumped as […]

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Stocks Are Puking To Post Powell Lows Yield Curve Is Collapsing

Stocks Are Puking To Post-Powell Lows, Yield Curve Is Collapsing

Stocks Are Puking To Post-Powell Lows, Yield Curve Is Collapsing Having ramped overnight, seemingly on the usual nothing at all, the algos achieved ‘mission accomplished’ by getting the S&P green post-FOMC… but the moment the S&P peeked its head above water, the selling began and is now accelerating back to yesterday’s lows… FundStrat warned earlier in the day that “the severity of Wednesday’s reversal in […]

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Ruble Russian Markets Rebound As Foreign Ministry Says War With Ukraine Quot Unthinkable Quot

Ruble, Russian Markets Rebound As Foreign Ministry Says War With Ukraine “Unthinkable” 

Ruble, Russian Markets Rebound As Foreign Ministry Says War With Ukraine “Unthinkable”  Early this week, on Monday, Russia’s central bank stepped in to halt the ruble’s rapid slide as it hit a 14-month low against the dollar, extending prior losses in a geopolitics-led rout. The near free fall wiped out tens of billions of dollars from Russia’s largest firms as some NATO countries began sending […]

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Masa Son 039 S Quot Right Hand Man Quot Marcelo Claure Quits Softbank After 2 Billion Pay Dispute

Masa Son’s “Right Hand Man” Marcelo Claure Quits SoftBank After $2 Billion Pay Dispute

Masa Son’s “Right Hand Man” Marcelo Claure Quits SoftBank After $2 Billion Pay Dispute After a bitter dispute over compensation that poisoned his relationship with Softbank Chairman Masayoshi Son, SoftBank COO Marcelo Claure is reportedly preparing to resign from the Japanese telecoms giant. Claure, whose previous duties have included running Sprint,  WeWork, the SoftBank Vision Fund and other key businesses, reportedly has designs on running […]

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Fed’s Fisher: Market Must Take Off “Beer Goggles” Because Powell’s Not Coming To The Rescue

Fed’s Fisher: Market Must Take Off “Beer Goggles” Because Powell’s Not Coming To The Rescue With futures lurching back into the green early Thursday morning following yesterday’s Powell-induced market ructions, former Dallas Fed President Richard Fisher, who has developed a reputation for his blunt talk about ZIRP and its consequences, joined CNBC’s “Squawk Box” for an interview. His comments Thursday morning echoed his remarks from […]

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Elon Musk Asks College Kid To Remove Twitter Bot Tracking Private Jet

Elon Musk Asks College Kid To Remove Twitter-Bot Tracking Private Jet

Elon Musk Asks College Kid To Remove Twitter-Bot Tracking Private Jet Twitter account, “Elon Musk’s Jet,” is one of the most popular out of 15 flight-tracking accounts 19-year-old Jack Sweeney developed last fall. The Twitter bot monitors Musk’s private jet movements around the world.  According to tech website Protocol, Sweeney recently received a direct message on Twitter from Musk requesting him to take down the account due to security risks.  […]

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Fcc Bars China Unicom From Operating In Us After Lengthy National Security Review

FCC Bars China Unicom From Operating In US After Lengthy National Security Review

FCC Bars China Unicom From Operating In US After Lengthy National Security Review With his approval rating in the gutter, President Biden has apparently decided to try his luck (once again) by mimicking his predecessor. To wit, the FCC has revoked the operating license of state-owned telecom giant China Unicom, barring it from continuing to operate in the US. The committee announced the decision in […]

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S Amp P 500 Sweet Spot Could Be Around 3 900 To 4 130

S&P 500 Sweet Spot Could Be Around 3,900 To 4,130

S&P 500 Sweet Spot Could Be Around 3,900 To 4,130 By Ven Ram, Bloomberg Markets Live cross-asset strategist. The S&P 500 Index will find its equilibrium band for 2022 between 3,900 and 4,130. That’s according to an analysis that parses the benchmark as lesser-rated quasi-debt securities. The study is based on the premise that the aggregate earnings per share of the S&P 500 companies will be about […]

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Justice Breyer Confirms Leaving Scotus In Summer K Brown Jackson Leading Black Female Contender

Justice Breyer Confirms Leaving SCOTUS In Summer, K. Brown Jackson Leading Black Female Contender

Justice Breyer Confirms Leaving SCOTUS In Summer, K. Brown Jackson Leading Black Female Contender President Joe Biden and Supreme Court Justice Stephen Breyer will formally announce Breyer’s retirement this morning, clearing the way for Biden’s first nomination to the nation’s highest court. “I’m here today to express the nation’s gratitude to Justice Stephen Breyer for his remarkable career in public service and his clear-eyed commitment to making our […]

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