"There’s too much retail real estate in the U.S. Retailers continue to reduce their store footprints, and while brick and mortar is here to stay, the focus is on high-quality locations.”
The next time you hear someone in the media saying the housing market will never go down again because of an “inventory shortage,” it may be worth questioning their view...
"Take profits on Tech, moving from OW to N.... We continue to believe that Tech fundamentals are supportive, through strong balance sheets, significant buybacks, structural tailwinds and earnings delivery, but the relative outperformance could start waning."
it is impossible for both Emini and 30Y futures traders to be right at the same time, and in a time when the Fed has taken over the bond market and relegated the bond 'smart money' to idiot status, it will be interesting to see just who is right.
"They bought on the rumor Biden was going to win and now they’re selling on the rumor that he’s going to win, because a Biden victory is not good for the stock market..."
For all those wondering why the powers that be - certainly should Biden win the presidency - are rushing to enforce another full-scale lockdown of the economy, the answer is simple: they want to get even richer.
It’s a sad state of affairs... Occidental markets are pricing in QE Infinity, NIRP (Negative Interest Rates) and further stimulus for eternity – and its ultimately unsustainable.
The Philadelphia firefighters union's endorsement of President Donald Trump wasn't without its bumps in the road. But heading into election day, it looks to be here to stay.
Oil has reversed its entire overnight loss, and is surging on a report that Russia was mulling delaying the return of some OPEC+ output until the end of Q1.
