BATS

BATS

...And The Market Breaks

Having melted up on a sea of momentum since the US open, the stock market just broke...

CNN Gets Steamrolled By Their Own Charlottesville Panel: "The Media Is Not Being Honest"

"The Antifa group to me is totally a very Stalin-ish kind of group.  If you’re willing to set fires and burn places to the ground, that doesn’t seem like a very peaceful group to me. The Antifa people didn't show up Friday night, they showed up Saturday.  They came there to do battle.  They showed up with helmets, body armor, clubs... They showed up with ballons filled with urine.  The media is not covering it."

Did Marco Rubio Just Say It's OK To Beat People For Their Thoughts?

"In a truly 'free' society, no one gets beaten up for their political views. Laws cannot be passed against thoughts or symbols. And mob violence is not allowed to rule the day. But Florida Senator Marco Rubio, like most establishment political hacks, is not interested in a free society. He’s interested in seizing power in any way possible."

These Are The Top 50 Hedge Fund Long And Short Positions

In an unexpected turnaround, for once hedge funds aren't sucking (if still underperforming both the S&P and the average mutual fund): for those who believe in piggybacking, here are the Top 50 most popular longs and shorts within the HF community.

When The Grid Goes Down...

"The vehicle comes to a stop, and you try the ignition again. You look at your watch, a Casio G-Shock, to find there is no display. You reach for your cell phone. Nothing. It’s dead. There are perhaps a dozen cars around you…half to your front and half to your rear. All of them have stopped... The book 'One Second After' has just played out in real life."

Risk Off: Global Stocks Slide As "Fire And Fury" Results In "Selling And Fear"

US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks.

Tobacco Stocks Are Getting Smoked, Here's Why...

U.S. tobacco stocks are getting smoked this morning (led by an 12% crash in British American Tobacco and Philip Morris) after an FDA statement said it plans to purse lowering nicotine in cigarettes to non-addictive levels.

More Solar Jobs Is A Curse, Not A Blessing

Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal. This is supposed to be a good thing, according to the Times. In reality, it’s not a good thing at all, and certainly not a positive trend. In fact, the job numbers actually underscore how wasteful, inefficient and unproductive solar power actually is.

Bitcoin Blasts Through $2200, Here's Why

Bitcoin is up almost 15% today, breaking through $2000, $2100, and now $2200. As we detail below, there are numerous drivers for this sudden surge in the virtual currency...