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Earth to the NHTSA: How long will you allow this insanity to continue?

As usual, nobody has any idea what to do.

Where is everyone? 

Over 130 Tesla employees have tested positive to COVID-19 out of a total of 1,550 "affected" workers...

This is bad news for Uber...

"Investors should brace for... a reckoning that threatens to drag prices lower...Liquidity-driven rallies are deceptively attractive and tend to result in excessive risk-taking. "

In a replay of yesterday's price action, TSLA shares soared at the cash open only to give up significant gains and tumble into the red.

“Value stocks, versus growth stocks, should be an investor’s preference in the near-term,”

Somebody do something! Isn't there a vaccine headline due any minute?

Yesterday saw swings in the markets, some key stocks in the US in particular, and equal swings in our underlying backdrop. Let’s try and join them into a coherent whole.

...this is all probably a "trap"... But then again, “hope does spring eternal.” 

The driver of the headline beat and surge in CPI was soaring motor fuel costs - up 12% MoM...

"We are extremely disappointed in both our second quarter results and our intent to reduce our dividend. Our view of the length and severity of the economic downturn has deteriorated considerably from the assumptions used last quarter."

The massive disconnect between the real economy and looming recession versus frothy global stock markets is unprecedented...

JPM has officially launched Q2 earnings season, with what was essentially a story of an impressive Income Statement vs a rather ugly Balance sheet.

"We are marginally risk-off today, driven by the dive into the close in the U.S."

The news sent the offshore yuan lower against the dollar.

"This quintessential New England campus had been the home of Green Mountain College..." 

"I think we've got a second leg down..."