ZeroHedge Search

Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy...

Until US consumers feel comfortable enough to once again "charge it", there can be no recovery.

"Should hospitalizations again be lagged 17 days that would imply (local) peak hospitalizations on July 8"

"We’re seeing things in the way Covid-19 affects the brain that we haven’t seen before with other viruses."

“At the top,” says Atwater, “there's this saturating sense of certainty and control and optimism ahead.”

i) Prediction markets suggest a Democratic sweep; ii) Options market pricing suggests that the winning presidential candidate and control of the Senate may not be known on Election Day; iii) Equity market trading patterns are inconsistent

Overall, a blockbuster auction thanks to surging buyside demand for benchmark paper, which was clearly helped by today's modest concession as yields drifted higher by 3bps amid the latest Nasdaq buying frenzy.

The pandemic is driving social-media engagement to absurd new highs...

"Volume rose substantially in June, and was the highest we’ve seen for our benchmark group since at least late 2015."

"The United Airlines projected furlough numbers are a gut punch..." 

Of course, Nasdaq is holding its gains (for now). The opening panic-buying has given way to panic-selling as the European close approaches...

"If market conditions continue to improve, Fed purchases could slow further, potentially reaching very low levels or stopping entirely."

We have post-modern markets. Don’t like facts? Ignore them; and do so knowing that central banks are using their enormous powers to over-rule them.

Nothing says panic-buy like the markets opening...

This new COVID normal of (in)formal meetings seems to have been the last nail in the coffin of America's most iconic menswear retailers as Brooks Brothers has just filed for bankruptcy...

I really can’t believe just how confused, conflicted, unfocused and distracted the various threads of society are becoming.

"It’s not unusual for stocks to take a breather at this point."

"...health crisis has really accelerated that pattern."