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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."

"We like to live in reality and have chosen to take the red pill..."

Tesla is up +330% since March 18th, and over +760% since June 2019 when it was troubled by bankruptcy concerns. Just 2 weeks ago it surpassed Toyota to become the world’s largest automaker.

The lower reaches of the financial food chain are already dying, and every entity that depended on that layer is doomed...

Fundamentals really don’t matter much in this environment and as result, stock prices have little information content...

There's just one thing, while homebuilders are almost at euphoric levels, homebuyers aren't so convinced...

"Goldman's earnings this quarter were too good..." 

The Chinese data remind me of the inverse of an old joke about the Soviet economy, which could never keep supply matching consumer demand.

They're selling stocks and moving money into "illiquid and private assets." 

 

 

... reassuring the market that despite its "wait and see" approach, The ECB "has your back."

...it's hard not to feel that we were reacting to the price action and not the other way around.

The only question everyone is asking: is this as ugly as it will get, or is there more pain coming.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions...