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Thursday, October 22, 2020
despite-china’s-“reopening”,-global-smartphone-market-suffers-record-crash-in-shipments

Despite China’s “Reopening”, Global Smartphone Market Suffers Record Crash In Shipments

For months China has tried to convince the world through official economic data that it has successfully achieved a V-shaped recovery, though alternative data has shown otherwise. In the latest confirmation, China's economy has not stabilized but instead continues to drown in economic turmoil are signs that consumers are not so confident about future economic prospects due…
despite-soaring-body-count-across-the-nation,-americans-continue-to-‘resist’-lockdown-orders

Despite Soaring Body-Count Across The Nation, Americans Continue To ‘Resist’ Lockdown Orders

President Trump reiterated warnings from the last several press briefings on Saturday, indicating that the country should brace for the "toughest week" yet, as confirmed cases and deaths continue to rise on an exponential curve. And despite the more than 308,000 cases and 8,407 deaths, Americans continue to defy the stay-at-home government enforced orders that cover…
despite-ugly,-tailing-5y-auction,-2s5s-curve-inverts

Despite Ugly, Tailing 5Y Auction, 2s5s Curve Inverts

After a slightly tailing 2Y auction priced earlier today as yields tumbled across the curve, the lack of motivated auction buyers was that much more on display moments ago when the Fed sold $41BN in 5Y paper, at a high yield of 1.448%, the lowest since August 2019, but also the biggest tail to the…
despite-small-tail,-5y-auction-comes-in-hot-with-highest-bid-to-cover-since-july-2018

Despite Small Tail, 5Y Auction Comes In Hot With Highest Bid To Cover Since...

One day after an impressive 2Y auction, that stopped well through the When Issued and saw a huge spike in Direct bidder demand, today's sale of $41 billion in 5Y notes was more lukewarm. The auction stopped at a high yield of 1.587%, 0.3bps above the 1.584% When Issued and 1.7bps higher than the October…
despite-price-drop,-bitcoin-hash-rate-record-highs-show-miners-are-long-term-bullish

Despite Price Drop, Bitcoin Hash-Rate Record Highs Show Miners Are Long-Term Bullish

Authored by William Suberg via CoinTelegraph.com, Bitcoin continues to set new records for its network hash rate this month, a sign that miners have shaken off weak price performance. image courtesy of CoinTelegraph Hash rate hits all-time highs in October Data from monitoring resource Blockchain confirmed hash rate hit 114 quintillion hashes per second on Oct. 23. …
despite-record-highs,-americans-haven’t-been-this-downbeat-about-stocks-since-trump-was-elected

Despite Record Highs, Americans Haven’t Been This Downbeat About Stocks Since Trump Was Elected

With the world and its pet rabbit demanding that central banks cut rates, increase QE, and forward-guide rates lower to infinity and beyond, US stock markets have responded by rallying aimlessly back within inches of all-time record highs. The rampage higher in stocks has happened as earnings expectations have tumbled... Which is a problem, because,…
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