After a dramatically exuberant post-stimulus-bill-vote spike at Sunday night’s futures open, stocks sank all night through Asia until Europe opened and the buying began. But that nothing to the chaos that was unleashed as the cash market opened with an instant puke across all markets met by an even more dramatic panic-buying episode almost immediately…… Read More

US equity futures and global markets jumped higher at the reopen of Asian trading late on Sunday following news of the Senate’s passage of the Biden $1.9TN stimulus plan and the spike higher in oil following the Houthi drone attack on Aramco facilities in the Gulf, but have since dipped amid renewed reflationary fears which… Read More

Authored by Lance Roberts via RealInvestmentAdvice.com, A technical indicator with a reliable history is signaling that 30-year Treasury yields will soon decline. A relative strength index (RSI) can be measured for any price series and represents how much and frequency gains are occurring versus losses. The index is used as a contrary or turning-point indicator.… Read More

All eyes are going to be on Tesla this year.  The stock has been smashed over the last few weeks amidst a broader sentiment heat-check for NASDAQ names, high flying technology stocks and, well, just other speculative garbage.  Over the last month, Tesla has fallen from about $868 to $598, a plunge of about 31%.… Read More

Multiple major missile strikes reportedly on a convoy of oil tanker trucks and a refinery in northern Syria lit up the night sky on Friday. Initially there was confusion as to who was behind the devastating attack which obliterated multiple dozens of oil tanker trucks. Stunning video of massive fireballs near the towns of al-Bab… Read More

Authored by Irina Slav via OilPrice.com, Africa has a solar energy potential of as much as 1,000 GW and wind potential of 110 GW, not to mention 350 GW in hydropower potential and 15 GW of geothermal potential. And yet, all this huge potential remains largely untapped, even though solar and wind farms are getting so cheap,… Read More

From widening wealth disparity to the environmental ramifications of economic development – the growing focus on global sustainability is a clear sign of the times. Research reveals that when a sustainable ethos is applied to policy and business, it typically bodes well for economies and people alike. By providing benchmarks for those decisions, indexes like… Read More

Authored by Robert Gore via Straight Line Logic blog, Getting along by going along with the patently absurd… A seamless web, they all believe because they all believe. – The Gordian Knot, Robert Gore, 2000 If it seems like the world has turned upside down it’s because it has. Right is wrong and wrong is… Read More

The Trump administration spent the last several years bashing China’s Belt and Road Initiative (BRI) and called it a ‘debt trap’, and urged countries worldwide to resist allowing China to build infrastructure projects in their respected countries. With the Biden administration now in power, there has yet to be a visible protest from the White… Read More

About one-year into the virus pandemic, the return to normalcy for the restaurant industry is unlikely. More than 100,000 restaurants have already failed, revenues remain collapsed, and millions of workers are laid off. There was a glimmer of hope on Friday when some 75% of all US job gains in February were waiters and bartenders; besides… Read More

The passing, by The Senate, of the Biden admin’s $1.9 trillion package of pork and payoffs has apparently triggered Senator Ted Cruz. Having attempted to insert an amendment that would disallow the $1400 handouts to illegal immigrants (paid for by legal US taxpaying residents), he was attacked as a “liar” by Senator Dick Durbin Cruz… Read More

Iran has responded to a Fox News interview from late last week wherein Israeli Defense Minister Benny Gantz said that Israel is currently updating its plans to strike Iran’s nuclear program and is prepared to act independently if the United States is not willing. The interview was unusually blunt even for Israel in terms of the defense chief openly… Read More

The woke cancel culture mob continues trucking along with their crusade against free speech, targeting popular Dr. Seuss books last week as they said some of these beloved children’s books contain racist imagery. As the mob continues to look for stuff to burn figuratively, cartoon characters like Pepé Le Pew, a character from the Warner Bros.… Read More

Something bizarre is happening in the stock market: for the past three weeks stocks – and especially tech – has gotten hammered, with the Nasdaq briefly sliding into a 10% correction while the S&P has also been hard hit (although one can’t say the same for reflation stocks such as energy which have soared in… Read More

A hotly awaited upgrade to the Ethereum network that lowers the volatility of transaction fees has been scheduled for Ethereum’s next major hard fork. As Decrypt reports, the upgrade, called EIP-1559 (EIP stands for Ethereum Improvement Proposal), is scheduled to go live in Ethereum’s “London” hard fork this July, and crucially for investors, may result… Read More

The Urban Dictionary, which allows users to submit virtually any phrase with any definition, has removed a reference to “Blue Anon” – a new phrase mocking leftists for their belief in right-wing conspiracy theories, “such as the Russia Hoax, Jussie Smollett hoax, Ukraine hoax, Covington Kids hoax, and Brett Kavanaugh hoax.“ The move comes just… Read More

Last week was an emotional and P&L rollercoaster for every trader, and even though stocks closed almost unchanged from where they opened, what happened in the past five days was anything but smooth sailing… …. as the following daily wrap from Goldman’s Prime Service desk reveals. Starting Monday, when stocks soared in a relief rally… Read More