NASDAQ Shorts Hit Second Highest Ever

NASDAQ Shorts Hit Second Highest Ever

One week after one of the biggest inflows into stock funds on record – when retail traders furiously BTFD in hopes the market’s upward momentum would accelerate – speculators hit a brick wall and reversed furiously as stocks slumped, with...
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84% of CFOs Say Stocks Are Overvalued

84% of CFOs Say Stocks Are Overvalued

84 percent of CFOs say stocks are overvalued even as they unleash another flood of stock buybacks. It’s not just Wall Street fund managers who, as the latest BofA fund manager survey  revealed, view stocks (along with bonds and gold) to be the most....
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Oracle Readies $20 Billion Bid For TikTok

Oracle Readies $20 Billion Bid For TikTok

TikTok CEO Kevin Mayer decided to step aside after being cut out of buyout talks involving Microsoft. At least that’s one version of the story. There’s been some other TikTok deal-related news Thursday morning, with Oracle reportedly readying a $20...
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Salesforce.com, Amgen and Honeywell Set to Join DJIA

Salesforce.com, Amgen and Honeywell Set to Join DJIA

Salesforce.com (NYSE:CRM) will replace Exxon Mobil Corp. (NYSE:XOM), Amgen Inc. (NASD:AMGN) will replace Pfizer Inc. (NYSE:PFE), and Honeywell International Inc. (NYSE:HON) will replace Raytheon Technologies Corp. (NYSE:RTX). The index changes were prompted by...
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Apple becomes first $2 Trillion company

Apple becomes first $2 Trillion company

Apple became the first US-listed company in history to reach a $2-trillion market capitalization, which means it doubled in valuation in about two years. Shares in the technology giant rose by 1.2 percent, reaching $467.77 on Wednesday, pushing it over...
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Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Jeffrey Gundlach, the billionaire chief investment officer of DoubleLine Capital, was quoted by Reuters on Friday as saying the stock market’s parabolic move in the last couple of months reminds him of the days right before the Dot Com bust. Gundlach,...
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Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”

Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”

Head Of NY Fed’s Trading Desk Says If Markets Continue Improving, Fed’s Purchases May Stop Entirely. Stocks have gone nowhere since the Fed’s balance sheet started shrinking modestly in mid-June. This morning, Miller Tabak picked up on this...
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JPMorgan Turns Bearish

JPMorgan Turns Bearish

JPMorgan Turns Bearish, Sees Unattractive Risk-Reward For Stocks In H2. It may come as a surprise to some, but just two weeks after JPMorgan said it was turning bullish on the US, officially upgrading US equities to Overweight after holding a missing...
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Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble

The generally cheerful investing icon Jeremy Grantham unleashed fire and brimstone, taking his $7.5 Billion portfolio to a net short position for the first time since the Global financial crisis, and summarizing his dire assessment of the current unprecedented...
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El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy

El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy

Governments need to ensure durable growth that benefits more than the well-off in society. For most of the last 15 years, the US economy has relied on a mix of public and private finance to liquefy financial markets, boost asset prices...
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Euphoria Hits Dot Com Insanity High

Euphoria Hits Dot Com Insanity High

Less than three months after markets were gripped by a historic bout of panic, dumping everything – bonds, stocks, gold, bitcoin – in a liquidation frenzy, euphoria on Wall Street is back to levels not seen since the dot com bubble...
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BlackRock Begins Buying Junk Bond ETFs For The FED Today

BlackRock Begins Buying Junk Bond ETFs For The FED Today

BlackRock begins buying junk bond ETFs for the FED today and it’s already at work for the Central Bank of Israel. It’s off to the races today for BlackRock. The New York Fed, with authority from the Federal Reserve Board...
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GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending

GS Now Sees A 123% Plunge In Q2 S&P Earnings, $850 Billion Drop In Corporate Spending

With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have missed consensus expectations, on pace for the highest rate sin...
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SoftBank Reports Stunning $25 Billion Q1 Loss

SoftBank Reports Stunning $25 Billion Q1 Loss

In an announcement that should surprise absolutely nobody who has been paying attention to WeWork fiasco, SoftBank announced in a corporate filing on Monday that the Japanese telecom conglomerate with a VC arm expected to report the biggest loss in...
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FED To Start Buying Junk Bonds

FED To Start Buying Junk Bonds

As free markets are actually dead, back on March 23, when the Fed unveiled it would start buying investment grade corporate bonds, many analysts said “now that the Fed is effectively all in, it will buy stocks and junk bonds next.” Two weeks...
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