Independent thinking for complex markets and current events
Japan pension money heading home means less buying of US assets. Hindenburg Omens fire repeatedly but market laughs until it suddenly does not. Record leverage carry trade and policy mess equal violent unwind setup. S&P 500 CAPE ratio sits above 40 times a level only seen once before at the 2000 dot com peak. Earnings …
95-year-old Buffett parks $380 billion in cash while flat-out warning the dollar could collapse. Market is now a church with a casino bolted on and the casino has never been more packed. Avis rental car gets GameStop-style meme-squeezed while Buffett calls one-day options pure gambling. Oracle admits he no longer understands most businesses and sees …
Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy. The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of …
California let the grifters run the task force, steal the tax money, fail on purpose, then demand more cash like idiots are supposed to clap. 🚨 HOLY SMOKES. It turns out California's Homeless Task Force is composed of the HEADS of the NGOs who RECEIVE the taxpayer dollars So they funnel the money where they …
The market doesn’t breathe. It inhales euphoria and exhales denial. The S&P 500 is now trading at 22 times forward earnings, and Wall Street wants you to believe that’s a sign of strength. But the math doesn’t lie. That multiple isn’t a launchpad. It’s a ceiling. Barclays just raised its year-end target to 6,050, with …
Donald Trump was accused by a Manhattan judge of intimidating a potential juror by “muttering” and gesturing when the woman was called in to explain alleged “anti-Trump” social media posts. “Your client was audibly muttering something,” said Manhattan Supreme Court Justice Juan Merchan to Trump’s lawyer Todd Blanche during jury selection Tuesday. “I don’t know …