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Saturday, June 25, 2022

After Sparks Fly At Bridgewater, Dalio ‘Clarifies’ His China Comments

Update (1440ET): Amid the shitstorm (both external in the world and internal to Bridgewater) ignited by Ray Dalio's comments on the equivalence of Communist China's human rights abuses and America, the founder of the world's largest hedge fund decided to put pen to digital paper to explain himself... well to explain that it's all our…

WTI Dips After Unexpected Crude Inventory Build

Oil prices rebounded from weakness yesterday afternoon with WTI testing back above $84.50 ahead of tonight's API inventory data to seven year highs."There is little that can tilt oil prices away from their upwards momentum on the short term, as the only real supply source of significance is OPEC+, and there doesn't seem to be…

WTI Dips After API Reports 2nd Straight Week Of (Unexpected) Crude Inventory Builds

Oil prices extended their gains today (WTI at hits highest since 2014 and Brent at three year highs), after the OPEC+ group of producers agreed yesterday to stick to its planned output increase rather than raising it further."The market is realizing we are going to be undersupplied for the next couple of months and OPEC…

After Defunding Police, Portland To Give Firefighters Bulletproof Vests Amid Surging Gun Violence

After slashing the police budget by $15 million last year in response to the 'defund the police' movement, Portland is now giving its firefighters bulletproof vests as violent crime surges in the Democratic stronghold.According to Portland Fire & Rescue, the decision was the result of a "changing landscape" which includes more calls involving 'aggressive patients…

After Cornering Rentals, Blackstone Is Now Going After Student Dorms

For much of the past decade, private equity giant Blackstone, which at last check had $684 billion in AUM, was the single largest institutional landlord in the US, and according to some, the "largest owner of real estate in the world." Then a few years ago, Blackstone lost that designation when it comes to residential…

After 188 Days Without a 5% Drop, Goldman Says Stagflation Risk Rising, Hedge For...

On one hand, it appears that nothing can shake this market which is so controlled by gamma, technicals - and expectations that the Fed will never again allow a correction - that the 4,400 level has proven to be an "incredible anchor."On the other hand, the big banks are starting to sweat with first Morgan…

AOC Goes After Senator Krysten Sinema With A “No Climate, No Deal” Threat

Authored by Mike Shedlock via MishTalk.com,Sinema is not yet on board the Biden Socialist Express. Words are flying...AOC Blasts SinemaOn Wednesday, Senator Krysten Sinema (D., AZ) said she would not go along with the House Democrat's proposed $3.5 trillion package. Here's AOC's response.Good luck tanking your own party’s investment on childcare, climate action, and infrastructure…

After Massive Web Outage, Akamai Implements “Fix”, Says “Not Cyberattack”

Update (1343ET): Websites worldwide are slowly coming back online as Akamai tweets the ongoing situation "was not a result of a cyberattack on the Akamai platform."We are continuing to monitor the situation and can confirm this was not a result of a cyberattack on the Akamai platform. — Akamai Technologies (@Akamai) July 22, 2021At the…

After Grade-Rigging Scandal, Baltimore City Schools No Longer Holding Back Failing Students

A new grading policy, put forth by the Baltimore City School Board, Tuesday, will allow students who are struggling and failing classes to move up to the next grade level due to the virus pandemic, according to local news Fox 45. Instead of holding back students, Baltimore City Public School System's (BCPSS) new grading policy will push…

After Ford’s Semi Shortage Meltdown, Morgan Stanley Says Industry Won’t Recover Until “Well Into...

The ongoing supply-demand imbalance in the auto industry is set to continue "well into 2022", according to a new note from Morgan Stanley.We have been following the semiconductor shortage's effect on the auto industry for about six months now, noting how it has bottlenecked production for numerous manufacturers due to the usage of chips in…

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