Update (1220pm ET): It was only “natural” that in a market as broken as deranged as this one, that Gamestop – which less than to hours today was up more than 100%, hitting an all time high just over  $159 – is now red for the day, having dropped as low as $60/share. There is […]

President Biden on Monday repealed former President Trump’s ban on transgender individuals serving in the US military – signing an executive order that “sets the policy that all Americans who are qualified to serve in the Armed Forces of the United States should be able to serve,” according to a fact sheet circulated by new […]

With 66 S&P 500 companies, representing 22% of S&P 500 earnings, having already reported Q4 earnings, there was some good, some not so good, and some downright bizarre news this earnings season. First, the good news: as Bank of America’s Savita Subramanian reports, S&P EPS rose 2% last week to $38.70 (-8% YoY) and 73% […]

By Viktor Katona of Oilprice.com January 2021 is still far from over yet the pages of Oilprice already boast 6 articles about Guyana being the hottest drilling spot in the world. This is hardly surprising, considering the hot streak that ExxonMobil had over the past 5 years, with new companies coming in and stepping up […]

Summary: California Gov is lifting stay at home orders Dr. Fauci criticizes US COVID approach, worries vaccines wont’ stop mutations US cases, deaths, hospitalizations decline Biden signs COVID travel bans BoJo approves border crackdown South Africa approves AZ vaccine for vaccinations Moderna developing booster shot to fight South African strain Macron expected to announce 3rd […]

Whether it is due to the absolute insanity taking place among the most shorted names, or the broader market suddenly tumbling (perhaps as the PPT forgot to keep an eye on the S&P transfixed by the action in GME), Downdetector and Bloomberg report that a slew of trading platforms are reporting problems on Monday, and […]

The US Supreme Court on Monday ordered the dismissal of a pair of lawsuits accusing former President Trump of illegally profiting from his presidency, after several foreign and state government officials patronized his properties – including the Trump International Hotel in Washington, located a few blocks from the White House. The plaintiffs included hotels, restaurants […]

By Eric Peters, CIO of One River Asset Management “The big boys are no longer bullish,” bellowed Biggie Too in baritone. “The big boys are now bubble bullish,” continued the chief investment strategist for one of Wall Street’s Too-Big-To-Fail affairs. “They ask Biggie, why can’t the S&P trade 5,500?” said Too, easing into third person. […]

Since she left the West Wing, Sarah Huckabee Sanders, it has been assumed, would be running for office in her home state, perhaps as a senator, or maybe even the governorship, an office once held by her father, Mike Huckabee, and former president Bill Clinton. On Monday, Sanders made it official by releasing a lengthy […]

In another insane day for small-cap stocks, which has seen the relentless forced short squeeze in GME continue, more than doubling the stock in the premarket before settling up some 40% higher… … with the squeeze now moving to the second most shorted stock (as per our Friday preview) namely FIZZ… … which as a […]

Authored by Tho Bishop via The Mises Institute, Well, they finally got Donald Trump. But he sure scared the bejesus out of them. It took a massive five-year campaign of hysteria, of fear and hate, orchestrated by all wings of the Ruling Elite, from the respectable right to the activist left. The irony, of course, […]

Neither side is backing down after weeks of standoff between the Australian government and Google over proposed legislation aimed at better compensating and rewarding local news publishers, while bringing greater transparency to the way algorithms employed by Google, Facebook, and YouTube work. Canberra is now finalizing the bill which will require Google to obtained licenses for all content […]

Authored by Matt Agorist via TheFreeThoughtProject.com, Despite decrying censorship when it was happening to them last year, when Donald Trump was banned from Twitter and Facebook earlier this month, the left praised the move by big tech. “Facebook is a private company and can do what they want,” the pro-censorship hypocritical crowd chanted ad nauseum […]

According to Bloomberg, real-estate data analytics firm Green Street released a new report outlining how the office space market in San Francisco will be the worst-preforming market in the US for 2021. Even though office vacancies in Manhattan are at record highs, it appears San Francisco tops New York City as companies reevaluating their space […]

Authored by Janita Kan via The Epoch Times, Seattle Police will get tougher on people who vandalize and destroy property during protests, the department interim police chief announced on Saturday ahead of a scheduled demonstration. Seattle Interim Police Chief Adrian Diaz’s announcement comes after a protest during which buildings were damaged and vandalized in downtown Seattle, […]

A top Russian lawmaker has condemned Saturday’s sizeable pro-Navalny protests which involved clashes with police across multiple cities including Moscow and St. Petersburg as “foreign-backed”. Andrey Klimov, the official who chairs the Senate’s “Federation Council for the Protection of State Sovereignty and Prevention of Interference in Russia’s Internal Affairs,” told Rossiya-1 TV channel on Sunday: “The commission […]

UPDATE 2: None other than Andrew Sullivan has opined on The Washington Post’s bias being exposed, summing things up in his usual succinct but precise manner: “Amazing how rigged the WaPo now is. This is Pravda level propaganda” Amazing how rigged the WaPo now is. This is Pravda level propaganda. https://t.co/zovOogpqGI — Andrew Sullivan (@sullydish) […]

Coins that power decentralized finance (DeFi) protocols are soaring recently as bitcoin treads water. While bitcoin grabbed all the headlines early on in the year, it is the rest of the crypto space that is stealing its thunder most recently as Ethereum, the backbone of the smart contracts that define much of the DeFi space, has […]

Mexican President Andres Manuel Lopez Obrador has tested positive for COVID-19, he said on Sunday, adding that his symptoms were light and that he was receiving medical treatment. “I regret to inform you that I am infected with COVID-19. The symptoms are mild but I am already under medical treatment. As always, I am optimistic. […]

On Saturday, we showed why according to observations from Credit Suisse and BofA, the “US Economy Is Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings.” Then, in a note this morning from Morgan Stanley asking “What To Do About All This Optimism” the bank said that “in November, December and […]

“You’re Forgetting Who You Are As A Journalist”: Rand Paul Slams Stephanopoulos In Sunday Spat Over Election Integrity Senator Rand Paul (R-KY) took to ABC on Sunday morning with George Stephanopoulos to discuss election integrity of the 2020 election, in a discussion which immediately devolved into an inquisition during which Paul was repeatedly pressed to disavow […]

Five Reasons The SEC Should Approve Bitcoin ETFs Authored by Eric Balchunas, op-ed via Bloomberg.com, If President Joe Biden’s nomination of Gary Gensler to lead the Securities and Exchange Commission is confirmed, Gensler should act swiftly to get the agency’s staff moving toward approving a Bitcoin exchange-traded fund, showing that the U.S. not only understands cryptocurrencies but is […]

15 Chinese Aircraft Enter Taiwan Air Defense Zone For 2nd Day As US Carrier Roosevelt Approaches During the final months of the Trump administration Chinese military exercises near Taiwan grew as part of the tit-for-tat escalation of Washington moves in support of the self-declared Republic. However, in a show of (preemptive) force against the new […]

Key Advisor Reveals Trump’s Post-Presidency Plans Authored by Beth Baumann via Townhall.com (emphasis ours), Now that President Donald Trump has left the White House, many Americans are wondering what he plans to do next. There have been rumors about him starting a new political party, known as the Patriot Party. But, according to one of […]

BWI Airport Embraces LiDAR To Enforce Social Distancing  Baltimore/Washington International Thurgood Marshall Airport (BWI) has welcomed in the new year with Light Detection and Ranging (LiDAR) technology informing travelers at one security checkpoint whether they’re properly social distancing, according to Airport World.  The LiDAR technology measures travelers’ movements with laser sensors, including the number of people […]

Bulls Continue To Push Stocks Higher As Risk Rises Authored by Lance Roberts via RealInvestmentAdvice.com, Bulls Push Stocks To New Highs What better way to celebrate a new President than to push stocks to new all-time highs? On Wednesday, the market surged as Joe Biden got sworn in as the 46th President of the United […]

​​​​​​​Tacoma Police Cruiser Plows Through Crowd At Illegal Street Race Here’s the summary of what happened Saturday night after a Tacoma, Washington, police officer used his cruiser to plow through a crowd of people:  Tacoma officer responded to an illegal street race in downtown Tacoma.  The crowd swarmed the police cruiser. The police warned the crowd surrounding the […]

Neuberger Portfolio Manager Benjamin Segal Is Retiring To Teach High School Math International equity portfolio manager Benjamin Segal from Neuberger Berman is officially leaving the industry to teach high school math. Segal spent two decades at the firm and will leave at the end of June, according to Bloomberg, who cited regulatory filings. His replacement will […]

Americans Are Fleeing Lockdowns, When They Can Afford It Authored by Jeffrey Tucker via The American Institute for Economic Research, For nearly a year, governments have been instructing people to stay put. Don’t leave your home unless you have to. Forget about organizing or attending events. Weddings and funerals are too great a risk for […]

High-Frequency Data Stumbles In Advanced Economies With Stocks At Record Highs  2020 has taught us the importance of incorporating high-frequency data into economic forecasts can yield enormous benefits, especially in an unprecedented virus pandemic.  When the pandemic hit China last January, high-frequency data was able to show us the slowing economic effects of lockdowns across […]

Is The Dis-Uniting Of America Now Inevitable? Authored by Robert Bridge via The Strategic Culture Foundation, Joe Biden will ram through warped liberal social experiments masquerading as credible, time-tested programs designed to stabilize the nation. It was a stark image never before seen in Washington, DC, and one that bodes ill for the future prospects […]

Putting The Cost Of COVID-19 In Perspective When it comes to the toll on human life, mental well-being, and any long-term complications, the true cost of COVID-19 (and government’s response) can be difficult to quantify. That said, from a purely economic angle, Visual Capitalist’s Avery Koop notes that researchers can and do examine these things […]

Biden Will Keep US Embassy In Jerusalem, Unlikely To Reverse Trump’s Israel Policies Authored by Dave DeCamp via AntiWar.com, During this week’s Senate confirmation hearings, Joe Biden’s secretary of state nominee said the new administration will keep the US embassy in Israel in Jerusalem. “Do you agree that Jerusalem is the capital of Israel and do you […]

Chesapeake Bay Oyster Prices Collapse As Diners Ditch Restaurants Amid Pandemic  According to The Southern Maryland Chronicle, the ripple effect of restaurant closures and indoor capacity limits at eateries across the Baltimore–Washington metropolitan area has decimated the oyster industry on Maryland’s Chesapeake Bay.  For many who make a living off the Chesapeake Bay’s oysters, this […]

“Here Are The Superheroes To Come And Save Us All”: Media Waste No Time Fawning Over Biden Authored by Alan Macleod via MintPressNews.com, We rely on the media to hold the powerful to account. But in its first hours in office, the corporate press has celebrated, rather than challenged, the new Biden administration. It began […]

US Economy Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings Something unprecedented happened in the immediate aftermath of the passage of the $2.2 trillion CARES act: as a result of the unprecedented transfer of wealth from the government to consumers in the form of countless stimulus measures, personal incomes soared […]

Greenwald: The Moronic Firing Of Will Wilkinson Authored by Glenn Greenwald via greenwald.substack.com, Will Wilkinson is about as mainstream and conventional a thinker as one can find, and is unfailingly civil and restrained in his rhetoric. But yesterday, he was fired by the technocratic centrist think tank for which he worked, the Niskanen Center, and […]

Morgan Stanley CEO Gorman Hauls In $33 Million In 2020 Morgan Stanley’s CEO James Gorman passed J.P. Morgan’s Jamie Dimon in total compensation for 2020, racking up $33 million in salary. The 2020 take marked a 22% rise in Gorman’s pay from the year prior. In 2020, Morgan Stanley posted its “third consecutive year of […]

New Law Allows China’s Coast Guard To Fire On Foreign Vessels Authored by Dave DeCamp via AntiWar.com, China’s legislature passed a law on Friday that gives its coast guard more freedom to fire on foreign vessels. According to the text of the law released by China’s Xinhua, it aims to safeguard “national sovereignty, security and maritime rights.” The […]

Amazon Demands In-Person Union Vote After Arguing Mail-In Ballots ‘Raise Risk Of Fraud’ Surprise! Mail-in ballots raise the risk of fraud – according to Amazon. In a Thursday filing with the National Labor Relations Board (NLRB), the Seattle-based online retail giant formally requested that a group of Alabama warehouse trying to form a union be […]

Despite nervousness in Riyadh over the potential restoration of the Iran nuclear deal and the fact that Joe Biden in 2019 referred to the Saudi kingdom as a “pariah”, Saudi authorities are touting this week that Saudi Arabia is prepared for “excellent relations” with the new Biden administration. The kingdom’s foreign minister, Prince Faisal bin Farhan […]

Authored by Alasdair Macleod via GoldMoney.com, Mainstream economists are celebrating Joe Biden’s election as US President. For Keynesians, the outlook is for a reaffirmation of economic management by the state, and of reflationary monetary policies to restore economic growth, following the damage caused by covid lockdowns. This article points out the fallacies in the Keynesian […]

Jailed Kremlin critic and anti-Putin activist Alexei Navalny has been urging supporters to take to the streets since his homecoming a week ago. Immediately upon exiting his commercial flight from Germany he was taken into police custody and a hasty court proceeding sentenced him to 30 days in jail over a probation violation based on […]

Authored by MN Gordon via EconomicPrism.com, Slow Joe Biden’s moving fast.  His parade of remarkable measures is marching in double time.  On Day 1 alone, the new President of the USA signed 15 executive orders and 2 executive agency directives.  Surely, he got writer’s cramp.  Here’s a partial summary of what all was covered… By […]

Just months after Elon Musk moved his climate-change-fighting, alternative energy, “green” automaker to Texas, the CEO now has plans to drill for natural gas. Multiple sources reported on Friday that Musk’s SpaceX intends on drilling wells close to the company’s Boca Chica launchpad, according to the Dallas News. The information came out Friday during a hearing […]

Authored by Fergus Hodgson, op-ed via The Epoch Times, After one peels back the layers of sugarcoating, there are two thorny truths about environmental, social, and governance (ESG) criteria. (1) There’s not even close to agreement on how to grade firms, and there never will be. (2) Ideologically constrained portfolios don’t generate superior returns relative […]

It’s starting to look as if difficulties in shipping and storing the AstraZeneca-Oxford jab, added to questions about the vaccine’s efficacy and reliability, is causing demand to wane not just in the UK, but across Europe. Early reports claimed that the EU was expecting 100MM doses of the vaccine to be ready during the first quarter […]

Back in 2013, we first said that in a market as broken as this one, where no fundamental or technical analysis works, and where logic and rational thought have been flipped upside down thanks to the Fed, the best strategy is to merely go long the most shorted stocks… and wait for the epic short […]

Authored by Steve Watson via Summit News, British MPs within his own party are demanding that Prime Minister Boris Johnson outline some sort of exit strategy for the nationwide lockdown in the country, with one senior minister warning that if he doesn’t people will begin to “rise up and bring it down”. Speaking to Talk Radio, […]

More than two months have passed since HMG fist authorized the Pfizer-BioNTech COVID-10 vaccine to be administered to patients under ’emergency use’ guidelines after reviewing the scant Phase 3 trial data produced by the UK government’s drug regulator. And while the British government has won plaudits in the media – including from the Financial Times, […]