Buy High, and Hope to God it Goes Higher
WAKE UP BABE. NEW SCAPEGOAT DROPPED. Microsoft Corporation released a securities filing on June 2nd, which highlighted decreased sales and earnings guidance. Revised 4th quarter revenue guidance is $51.94-$52.74 Billion … Read More
Just as the supply chain fiasco that has developed over the past year hit commodities, the metals market is virtually no different. Although, as Goldman has alluded to, prices of … Read More
As the algos were awaiting a lower PCE print to send markets trending higher this week, PCE came in as expected, both on a MoM (0.2%) & YoY (4.9%) basis. … Read More
With mortgage rates going absolutely nuclear in an absolute cry for help, that hasn’t stopped home prices from reaching astronomical highs. The median sale price for existing homes reached $391,200 … Read More
Despite a rather “robust” (jury is still out) labor market, the likes of the tech sector have certainly seen better days. Over the past few weeks, tech companies have been … Read More
You’ve heard of Pizzagate, Qanon, fake birds, and fake spambots on Twitter but today marks a historic event as a fintwit icon from Gary Indiana was able to fool the … Read More
A U.S. investing division of Allianz SE pleaded guilty to securities fraud, and as a result agreed to pay $6 Billion in restitution and penalties to investors who were unfortunate … Read More
Even with the markets being up on Tuesday, it wasn’t enough to save the streaming service (obviously). Netflix announced that it would be cutting 150 jobs due to a slowdown … Read More
What once was a flourishing and thriving credit market, Asia’s junk-bond market debt issuance has slowed to a grindings halt, thanks specifically to defaults en masse from Chinese property developers. … Read More
Inflation defeats cash, so buy stocks. Stocks are losing so buy bonds? Bonds are down so buy crypto? Well, crypto is decentralized and unregulated. It is the future, as they … Read More
