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Better not to risk any radical evolution that might fail, and so failure is thus assured...

"There’s a battle between top callers and those who believe tech has further to run."

"We still believe there is a future for value investing; sadly, the future is unlikely to arrive fast enough — for us."

Gap after gap after gap. All unfilled making a mockery of the concept of intra-day price discovery. Gap, ramp & camp...

"The economy is going to be far weaker under Biden. Everybody can see that... The deficits are going to be much bigger. The Fed’s going to be printing a lot more money. That is very bullish for gold.”

"I am not willing to trade millions of jobs for people who need a ladder rung up in order to keep the stock market from going up for a few who have those holdings."

"...getting something done before the election is difficult..."

If there is one constant during earnings season, it is that no matter what the other banks do, Wells Fargo will always shit the bed, and this time was no different...

After 5 straight months of deflation, US Producer Prices rose YoY in September...

"Angst about vaccine/antibody delays, angst about rising covid cases in Europe, stalled U.S. fiscal talks, stalled Brexit trade talks"

The massive surge in passive strategies’ popularity has pushed the market to the brink of instability...

But the best news for Goldman employees was the 14% jump in compensation and benefits from a year ago.

Just remember: Risk happens fast.

It appears that Wall Street banks have agreed Q3 will be the quarter where they provision for far less losses than expected.

Bojo had previously set Oct. 15 as the final deadline...

"if more voters register for a party, that they will also vote for that party."

It would be a first for what is being called the "influencer business model"...

"The movie industry - how we watch them, and so the money for how they are made, if they are made - could be dying, indicative of a whole key slice of the service-sector economy."

Real Vision senior editor Ash Bennington welcomes Tony Greer of TG Macro back to the Daily Briefing to make sense of big moves today in equities, bonds, and…