With U.S. equity markets up 92 percent from their depths of March 2020 and a growing number of analysts warning of a correction, more investors are buying derivatives that would turn a profit if markets fall. As a result, the Skew Index – the spread between the cost of those derivatives and the opportunity to...
Author: user (UserName LastName)
Post
WILL U.S. TREASURY YIELDS SAG?
On 7 July, yields on U.S. treasury bonds fell to 1.32 percent, their lowest return since 18 February, the Wall Street Journal reported. Investors grew skittish about the bumpy economic recovery and news from Israel that Pfizer’s COVID vaccine might not be thoroughly effective against the virus’s highly contagious Delta variant spreading around the world,...
Post
CASH FLOWING INTO EQUITY MARKETS AT FASTEST PACE SINCE 2015
Since 1 February 2021, U.S. equity markets have collected a net $189 billion in new investment, the Financial Times reported, with a net new $28 billion in June alone, according to Vanda Research. It was the highest monthly inflow since 2014, even topping last January’s flood of cash during the first meme-stock craze. Last year’s...
Post
CRYPTO WILL NOT REPLACE GOLD
We said it before, they are saying it now. Almost 85 percent of central bankers do not expect cryptocurrencies to replace gold as their national stores of value, according to an annual survey of 30 central banks by financial services firm UBS. Also, 57 percent do not expect digital currencies to have a meaningful impact...
Post
MARKETS SALVAGE BUMPY WEEK TO SET NEW RECORDS
After dropping more than 400 points on last Tuesday and more than 500 on Wednesday, the Dow Jones Industrial Average rallied to close the 9 July week with a 1.3-percent boost and set a new record high close at 34,870. The S&P 500 added 48.73 to end the week at 4,369. The NASDAQ climbed 142...
Post
ETHIOPIAN GOVERNMENT LOSES TIGRAY WAR
Tigrayan forces last month marched thousands of battered Ethiopian troops they had taken prisoner during the months-long conflict with the country’s military that resulted in a tense cease-fire but with reports of continued fighting. As we have been reporting, Prime Minister Abiy Ahmed, the 2019 recipient of the Nobel Peace Prize, ordered a major offensive...
Post
CUBA: HISTORIC PROTESTS AMID ECONOMIC CRISIS
Thousands of Cubans took the streets on Sunday to call on the country’s government to be dissolved and for more freedoms amid a new outbreak of COVID-19 infections. Cuban President Miguel Diaz-Canel, the head of the country’s Communist Party, made it clear that he intends to make quick work of these anti-government protesters. The BBC reported that...
Post
CPAC DRAWS IRE OF FAUCI AND YOUTUBE
The annual Conservative Political Action Conference managed to get under the skin of COVID czar Anthony Fauci and big tech censors this past week. Fauci, the conflict riddled beaurocrat that directed funding to a Chinese lab that likely created and released the virus that precipitated the COVID WAR, complained on a MSM weekend news show...
Post
PELOSI’S PROFIT FROM PENTAGON SWITCH TO AMAZON
Call it a “JEDI” mind trick. A month before the Pentagon announced a shift from Microsoft to Amazon cloud services for a major defense initiative, Paul Pelosi just happened to buy call options on Amazon stock. The husband of House Speaker Nancy Pelosi (D-CA) placed somewhere between $500,000 and $1 million, according to the Speaker’s...
Post
FBI ENCOURAGES SNITCHING ON “EXTREMIST” FAMILY MEMBERS
The FBI and DOJ, fresh on the heels of their “Lego” investigation, are drawing a new round of lampooning for a tweet asking Americans to turn in relatives for “homegrown violent extremism”. A tweet was put out by the FBI over the weekend, together with a strange graphic: Family members and peers are often best...