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It simply makes my head hurt that there are investors out there who are shorting equities with a structural view that the economy is a mess.

“Simply put, defendants' claim that 'Liberty Brings Back its Students, and Coronavirus, Too' was made up. Their claim that Liberty 'Reopened, and Students Got Sick' was made up..."

So about that V-shaped recovery? 

"Yet the US retail data show that if you want a strong, domestic-led upturn all you need to do is put more money in the pockets of poorer people – and they will spend most of it ASAP."

Something very odd is going on...

"We now see higher risk of a market correction, considering the improvement in hard economic data we have seen over the past couple of months is likely to halt."

Names like Paulson, Einhorn, Druckenmiller, Bacon, Tudor Jones and Soros could all see an added layer of opacity to their holdings as a result of the SEC's proposal to limit Form 13F filers...
 

Turkey’s President Recep Tayyip Erdoğan has announced the conversion of the Hagia Sophia from the museum to a mosque.

Foreign students coming from Europe, but not China, will be exempt from a travel ban the United States imposed because of the coronavirus pandemic.

While almost all metropolitan statistical areas have seen an increase in job applications, Miami, Las Vegas and Baltimore have seen the largest surge in applications this May.

... it is both interesting and distressing that supporting the gold standard runs the risk of making one a persona non grata, even in supposedly pro-market circles...

Senior editor Ash Bennington joins managing editor Ed Harrison to discuss the latest jobless claims numbers and its particular significance this week. They…

The actual outcome will obviously be path dependent on how both countries approach the economic and geopolitical trade-offs.

Has the juggernaut finally stopped?

...and sold Treasuries on a net basis...

"We are compounding the mistakes of the past with much bigger mistakes..."

In other words, if you chose to wait on filing this year, you're likely to be paid a penalty, instead of owing one. 

"The time period from August 27th (this year's Jackson Hole symposium has been physically canceled but it will still take place by zoom one imagines) to Sept 29th (1st Presidential Debate) packed with "volatility opportunities."