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Tuesday, October 20, 2020

Home Prices Surge In Hamptons As Wealthy New Yorkers Flee City 

The Hamptons housing market is booming. But how? Isn't the economy in shambles and the recovery stalling?  Well, yes, but as we've discussed over the last several weeks, those who still have the economic mobility are fleeing cities for rural communities and towns, such as the one on eastern Long Island's South Fork.  For the same price…

Unprecedented Surge In New CMBS Delinquencies Heralds Commercial Real Estate Disaster

One month ago, we thought that the unprecedented implosion in US commercial real estate in the month of April following the near-uniform economic shutdown following the coronavius pandemic, manifesting in the surge in newly delinquent CMBS loans would be one for the ages, even though as we predicted May would likely be worse as a…

JPMorgan: The Surge In Gold Is A Sign Of Eroding Confidence In Central Bank-Generated...

The past few months have been painful for many FX traders, as a result of a global economic crisis has left the major reserves currencies – USD, EUR, JPY, CHF, GBP – clustered at rate levels between roughly 0% to -0.5%, which doesn’t allow rate differentials to inspire much movement amongst them, and is also…

Futures Surge As Trump Touts “Glimmers Of Hope” In Italy & New York

Officials in New York and Italy reported notable declines in new cases and deaths on Sunday, helping to inspire the most positive reaction in futures to kick off a new trading week since the 'rona rout. Futures surged out the gate as President Trump struck an upbeat tone during Sunday evening's press conference (even as…

Stocks Surge To Erase Yesterday’s Losses But Bond Yields Tumble

...some might say Biden trumps Powell... The Dow, S&P, and Small Caps have erased all of yesterday's losses... But bond yields continue to tumble... So maybe the market's demands for more rate cuts trumps Biden's gains?

Does A Sudden Surge In SO2 Levels Suggest A Huge Surge In Cremations Across...

Authored by Mike Shedlock via MishTalk, A sudden rise sulphur dioxide (SO2) levels is associated with sudden burning of organic matter including human bodies. Massive Release of Sulphur Dioxide We now have further evidence of hidden coronavirus cremations in China. Data from https://t.co/oDMad8pquE shows a massive release of sulfur dioxide gas from the outskirts of…

4,000 US Troop Surge To Middle East Could Be Imminent Amid Baghdad Chaos

Three U.S. defense officials told Fox News on Tuesday that the U.S. Army's 82nd Airborne Division's alert brigade has been given orders to deploy to Kuwait amid the social unrest in Baghdad.  Even though all supporters of Iran-backed militias have withdrawn from the heavily fortified U.S. Embassy in Baghdad on Wednesday, the reinforcement of U.S. troops could be imminent. …

Gold’s Surge Is A Message: Central Banks Are Out Of Control, Not Inflation

Authored by Mike Shedlock via MishTalk, Gold blasted through the $1500 level this week. Let's analyze the message. Here's a hint: The message isn't inflation. The above chart is and end-of-day chart from yesterday. Gold closed at $1484. At 11:30 AM Central, gold was at $1520, up $36 on the day. Gold vs Copper What's…
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