• EquityNet
    06/29/2015 - 12:09
    Tomorrow at 8pm, we’re adding an extra second to the day. Over the past 200 years, the length of a day has increased by two milliseconds, which is all well and good, but the insane accuracy of the...

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Bank of America Trolls The Middle Class, Or How Wall Street Destroyed Main Street

Presenting: Bank of America's chart showing who the undisputed victor in that age-old war between Wall Street and Main Street, truly is.



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What Electricity Consumption Tells Us About The State Of The US Economy - An Update

Looking at electricity consumption, adjusted or otherwise, things are definitely looking very sluggish in the US economy right now.



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Russell Rebalance Climax - The Busiest Trading Day Of The Year

Today will almost certainly be the busiest trading day of the year, as the Russell indexes go through their annual rebalancing/reconstitution. But, as ConvergEx's Nick Colas notes, Friday’s close will be the end of a trade that began almost 2 months ago, as traders began handicapping which equities would be included for the first time or swapped between various Russell indices. Since the beginning of May, for example, the stocks that will be added to the Russell 2000 are up 11%, and those being deleted from the same index are down 2% over the same time period.  In short, for one day – and this is the day - every U.S. equity market participant, no matter what their investment mandate, needs to think like a trader.  Throw in a little Greek drama going into the weekend, and it could be quite a day...



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Fearing Government Scrutiny, HSBC Waves Goodbye To China PMI Sponsorship

"If you are a sizeable bank that wants to do more business in China you don't want to make parts of the Chinese government angry"...



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Even The Banks Admit: "The Wacky Has Become The Norm"

"Investors have experienced many mood swings, some institutionalized irrationality, as well as treacherous trading conditions in the first six months of 2015. The wacky has become the norm."



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Collapse, Part 5: Things Fall Apart

It is impossible to wean an economy that relies on debt and leverage for its "growth" of excessive debt and leverage.



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Stock Plunge To Day's Lows As Market Breaks

US equity market indices are re-plunging to the day's lows - having given up all their post-FOMC post-Greece-is-Rescued gains. S&P 500 is testing its 100DMA. Coincidentally, as the plunge began:

S&P DOW JONES INDICES SAYS EXPERIENCING INTERMITTENT ISSUES DUE TO OBSERVED DELAYS WITH CME DISTRIBUTION

And this is happening before the Russell Rebalance volumefest hits.



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US Rig Count Increases For First Time In 29 Weeks

After 28 consecutive weeks rig counts declines in America - despite crude production levels hitting new cycle record highs - Baker Hughes reports Total Rig Count increased 2 to 859 this week. The oil rig count dropped 3 to 628. Crude's price reaction is negligible.



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Supreme Court Legalizes Gay Marriage Nationwide In 5:4 Decision

Following yesterday's historic 6:3 Supreme Court decision enshrining the tax known as Obamacare, there was little surprise moments ago when in one of its last remaining decisions in re: Obergefell v. Hodges, the most liberal Supreme Court since 1960 just declared gay marriage legal nationwide. The decision, supported by all the women on the SCOTUS, came down in a 5:4 vote with Ginsburg, Sotomayor, Kagan, Breyer and Kenedy voting for, while Roberts, Scalia, Thomas and Alito dissented.



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SCOTUSCare Post Mortem: Goldman Warns Healthcare Costs Will Continue To Rise

The Supreme Court ruled yesterday (June 25) in favor of the Obama Administration's current implementation of the Affordable Care Act (ACA), denying claims from challengers that health insurance subsidies were improperly paid for enrollees in states that did not operate their own health insurance exchanges. Goldman explains what it means... (spoiler alert: more healthcare consumption - which translated means higher healthcare costs).



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China Politburo Opines On Market Crash: "Black Friday Massacre"

"Black Friday. China shares dive 7.4%... How much further will it fall after this massacre?"

"It's a do-or-die moment for all investors... If retail investors become skittish now, panic selling will continue next week."



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Very Recent Huge Increase In Quakes A "Game-Changer" For Oklahoma Oil & Gas

The recent spike in earthquakes in Oklahoma could present a “game changer” for regulators. That is how regulators themselves described the spate of earthquakes that struck the state between June 17 and June 24, according to Reuters. “If there is damage and loss of life, you will see the political climate absolutely change overnight,” cautioned Jason Murphey, a Republican representative in the state legislature, according to Reuters. “When and if that happens, you will have a cloud that hangs over the energy sector for the rest of our lives.”



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