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Turkey: Lira Bulls And Bears Duke It Out On Twitter

Turkey: Lira Bulls And Bears Duke It Out On Twitter

Is there a bullish case for the Lira? One person thinks so. Most think otherwise. Lira Plunge Resumes #Turkey Lira keeps falling as #Qatar currency swap agreement fails to stop the Lira rout. The deal is first step after Qatar’s $15bn investment pledge to Turkey. pic.twitter.com/LdK82ebU2o — Holger Zschaepitz (@Schuldensuehner) August 20, 2018 Interest Rates […]
U.S. Economy Ramps While Global Growth Decelerates

U.S. Economy Ramps While Global Growth Decelerates

The longer American growth outperforms other international nations in rate of change terms, the more likely it is that the tax cuts, fiscal spending boost, and regulation reform are catalyzing the accelerated expansion. The US economy started improving in the second half of 2016 and has continued its momentum since then. Other nations started growing […]
Musk, Trump, And The Second Gilded Age

Musk, Trump, And The Second Gilded Age

I’ve long admired Elon Musk as a technological visionary. But I worry about his sense of responsibility to the public. Last week Musk announced on Twitter that he intended to turn Telsa, the electric-car maker he founded, into a private company. He said the funding was “secured” – a claim that sent Telsa stock skyrocketing – […]
Venezuela Slashes 5 Zeros From Currency In “One Of Greatest Devaluations Ever”

Venezuela Slashes 5 Zeros From Currency In “One Of Greatest Devaluations Ever”

As previewed yesterday, on Monday Venezuela officially slashed five zeros from prices and its currency as part of what has been dubbed one of the greatest currency devaluations in history which slashed the value of the official bolivar by 95%, an overhaul that President Nicolas Maduro said would tame hyperinflation, and which everyone else called the latest desperate […]
Cardlytics Could Crumble With Lockup Expiration

Cardlytics Could Crumble With Lockup Expiration

The 180-day lockup period for Cardlytics Inc. (CDLX) ends on August 31st, 2018. When this period concludes, the company’s pre-IPO shareholders have the opportunity to sell large blocks of currently-restricted securities. The potential for a sudden increase in the volume of shares traded on the secondary market could negatively impact the stock price of CDLX […]
The Real Longest Bull Market Ever

The Real Longest Bull Market Ever

We’ve read or heard a number of erroneous reports lately claiming that we’re about to set the record for the longest S&P 500 bull market on record. Since the S&P 500 made its last bull market closing high on January 26th, the bull market actually stopped aging on that date, and we’ve essentially been in limbo since. (You […]
US Dollar Index Bulls Watching Support After Last Week’s Bearish Reversal

US Dollar Index Bulls Watching Support After Last Week’s Bearish Reversal

The big breakout in the US Dollar Index earlier this month had dollar bulls turning their eyes skyward toward 97.00, 98.00, and even 100.00, but based on last week’s price action, it may make sense for buyers to tap the brakes a bit. The greenback rallied on both Monday and Tuesday, then rose early in Wednesday’s trade […]
Credit Suisse Thinks You Shouldn’t Panic – Unless Trump Goes Ahead With Car Tariffs

Credit Suisse Thinks You Shouldn’t Panic – Unless Trump Goes Ahead With Car Tariffs

When last I checked in on Credit Suisse’s James Sweeney, he was busy delivering a rather sobering assessment of balance sheet risk in the U.S. corporate sector in the context of the current economic cycle. One of the things Sweeney mentioned was that two things you shouldn’t do if you’re interested in forecasting the next recession are: “1) Count the […]
Dishing It Out

Dishing It Out

The Dish Network has broken its trendline and has bounced up to resistance. I’d say it’s shortin’ time.
Cheetah Mobile Jumps 20% After Q2 Report, Revenue Recovery

Cheetah Mobile Jumps 20% After Q2 Report, Revenue Recovery

Shares of mobile Internet company Cheetah Mobile (CMCM ) are higher at midday after announcing earnings this morning. The company reported second-quarter earnings per share of 21c on revenue of $166.8M. Analysts were modeling Q2 EPS of 9c on revenue of $155.22M. Sheng Fu, Cheetah Mobile’s chairman, and chief executive officer commented, “We are pleased […]