Investing Matters

Cathie Wood In The HOOD: ARK Buys Over 3 Million Robinhood Shares Following IPO (Submitted by Eric Ladny at The News Rundown Substack) ARK Invest and its CEO Cathie Wood wasted no time diving headfirst into the Robinhood (HOOD) IPO buying over 3 MILLION shares of stock in the notorious financial services company during its […]

Treasury Yields Are Puking Again… It’s the start of the month and it would appear the rule is “buy all the things” as bonds, stocks, and gold are all higher this morning with Treasury yields making headlines with the biggest relative move. 10Y Yields are down 8bps from overnight highs, testing back to last week’s […]

Reese Witherspoon’s Media Company Sold To Blackstone-Backed Firm For $900 Million Having gobbled up much of US housing and becoming the largest US landlord in the process, private equity giant Blackstone now has its sights on the media business much to the delight of Reese Witherspoon’s media business, Hello Sunshine, which the WSJ reports is selling […]

Is The CDC A Threat To Science? Authored by Jeffrey Tucker, I’m still trying to wrap my brain around the astonishing shift from the CDC on Tuesday, July 27, 2021. It is not just that the CDC is re-recommending masks for people indoors in many parts of the country, which could include your neighborhood or […]

Cuomo Demands Private Businesses Ban Unvaccinated Customers Most of the Empire State’s residents probably see the delta variant as a nuisance – but we suspect Gov Andrew Cuomo sees it as an exciting opportunity. Because in a press conference that carried the whiff of his daily briefings from the depths of the crisis last spring […]

Billionaires Segregate Themselves On Luxury Private Islands As Ordinary People Told They Can’t Travel Authored by Paul Joseph Watson via Summit News, News that billionaire Google co-founder Larry Page has been hiding out on and buying isolated private islands in Fiji to avoid tourists who aren’t allowed in once again underscores how the elite is […]

US Women’s Soccer Team Smoked By Canada; Rapinoe Mocked In a stunning upset, the Canadian women’s soccer team defeated the US women’s national soccer team 1-0 in the Tokyo Olympics semifinal on Monday – leaving USWNT with the bronze if they win their next match. The win marks Canada’s first victory in 20 years over […]

Transgender Olympian Weightlifter Knocked Out Of Competition Early New Zealand weightlifter Laurel Hubbard, the first openly transgender athlete to compete at the Olympics, has been eliminated from the women’s super heavyweight weightlifting competition.  Hubbard failed to complete any of her three lifts during the event.  Hubbard failed on her first attempt to get 120-kg above her head, bailing […]

Key Events This Week: Payrolls, PMIs, Earnings And More Stimmies As we enter August and what is set to be a period of higher than normal holiday taking (as traders scramble to hit the beach ahead of the next round of lockdowns), we’ll have to wait until Friday for the main event, which is the […]

Take Your Pick: US Manufacturing Economy Hits Record High & 2021 Lows Despite the plunge in ‘hard’ economic data, Markit’s final July Manufacturing PMI rose once again, this time to a record high (63.4 vs 63.1 flash and 62.1 in June) but ISM’s Manufacturing survey disappointed, dropping from 60.6 to 59.5 (missing expectations of a […]

The Intersection Of Pollyannas, Politicians, And Politburos By Michael Every of Rabobank Pollyannas, Politicians, And Politburos Indicative of the globalized financial economy we all live in (for now?), the central foci for most markets is the confluence of US politicians (and regulators), the Chinese Politburo (and regulators), and market Pollyannas, who always take a Panglossian […]

China Politburo Meeting Points To New Phase For Domestic Markets Chinese markets will enter a new cycle for the remainder of this year and at least the early part of 2022, given the fresh policy signals from Friday’s all important Politburo meeting, writes Bloomberg’s Shen Hong. As we first noted in “China’s Credit Impulse Just Bottomed […]

Biden Has A Solar Panel, Climate Change Dilemma; Will Hypocrisy Rule? Authored by Mike Shedlock via MishTalk.com, Do we promote solar panels or not? At what price? Do we think long-term or short term? Tariffs Set to Expire  Trump imposed tariffs on solar panels from China. The result was less demand for solar panels.  Do […]

Moderna, Pfizer Hike Vaccine Prices By Up To 25% Pfizer and Moderna have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from China and Russia […]

Futures Jump, China Soars After Beijing Promises More Stimmies Any other day, especially with traders so on edge over anything to do with China, futures would be deep in the red after Beijing reported another sharp drop in the Caixin manufacturing PMI, which slumped from 51.3 in June to 50.3, missing expectations of 51.0 and […]

Watch: Chaos Erupts On The Streets Of Berlin As Police Attack Anti-Lockdown Protesters Authored by Steve Watson via Summit News, Worldwide protests against the decimation of freedom continued this weekend, with Berlin in Germany becoming the focal point as thousands took to the streets, rising up against lockdowns and the introduction of vaccine passports in […]

Millions Locked Down As China Battles Worst COVID Outbreak Since Wuhan We noted last week that the delta variant has finally arrived in China, causing one of the country’s worst outbreaks since the original wave of COVID that spread from Wuhan across China (and world). Well, despite authorities’ best efforts, the outbreak appears to have […]

Apollo’s Eighth Flagship Fund Books A $1.6 Billion Gain After Selling Its Majority Stake In LifePoint Health To Another Apollo Fund What goes around comes around, especially in the world of private equity, where business is often times drummed up by passing the same assets between well known PE funds. In this case, Apollo Global […]

The Short And Long-Term Bull Cases For Ethereum Via Vineyard Holdings, OVERVIEW Thesis Long term: sustainable growth, huge TAM, superior products, scale economics shared, underappreciated due to complexity, and mispriced as a “young bitcoin”. Short term: Upcoming gross supply/demand mismatch given structural outflows of supply enforced by the London fork (EIP1559) and the phased Ethereum […]