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...so much for Dr. Copper?

Playboy will receive more than $100 million in cash in the deal, which will be used to fund Playboy's growth plans.

"For retail investors that are trading everyday, today might be a shock, but for those who aren’t frequently trading it’s not as impactful"

"Especially if another relief package fails to pass, employers are going to enter the fourth quarter, hesitant to invest or spend." 

the savings rate tumbling from 17.7% to 14.1% (the lowest since March and down 60% from the highs)..

Government is now so lost, stumbling and trapped in its own narrative because it committed and went all-on on lockdown/shutdow... that now it can’t face the consequences of what its already done…

If markets are down, it's due to stimulus pessimism, rising covid cases and/or a fading economic recovery; if markets are up, it's due to stimulus optimism, covid vaccine hopes and/or a stronger economic recovery.

We may be coming out of the first pandemic lockdown and business does, broadly, appear to be picking up; however, some sections of manufacturing, including U.K. car manufacturing, are still suffering badly...

As Asian markets open for the start of Q4 trading, Japanese markets have hit a 'glitch' resulting in the halting of all buying and selling of securities...

"If you were going to give these folks money, you should have created some much tighter guardrails for what you were going to do in the future..."

Real Vision managing editor Ed Harrison hosts Peter Boockvar, chief investment officer of Bleakley Advisory Group and editor of The Boock Report. Boockvar…

Bloomberg notes that the cuts come despite the fact that the bank's traditional dealmaking and trading businesses are "booming".

The Federal Reserve Board on Wednesday announced it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience.

"We are very, very far apart"

The punchline: The $7 trillion fiscal boost to markets is exhausted some time in 2023 at which point even more will be needed to keep stocks rising

Underweight US vs non-US Equities and short USD vs reserve assets (JPY CHF, Gold), given a US-specific event risk with limited implications for global growth.

With 29 filings in 2020 to date, this year is on-pace to rival 2010, following the Great Recession, that resulted in 48 total filings.

"...the gold cycle is up for much longer.  $2,500 is the first target, and it could be we get higher targets... the stock market is not going to end very well..."

This sent the YoY rise in pending home sales to +20.5% - the biggest annual gain since April 2010...