The NBA's losses also included $200 million from the loss of a partnership with China following Daryl Morey tweet promoting Hong Kong freedom a year ago.
The recent trend remains in line - ever bigger auctions (the $55BN auction size was more than 50% higher than the auction sizes for much of the past decade), at ever lower yields, all of which has been made possible by the Fed.
"People will have to save more to reach their objectives, be they a secure retirement or sending their kids to college. That leaves less money to spend."
"We saw an impact of people depositing their stimulus checks into Robinhood. We saw, you know, deposits that were equal to or multiples of the stimulus amount."
By registered party, the split is 26.7% of Democrats vs. 16.1% of Republicans and 55.8% of independents. That implies a lead for Democrats that Republicans will have to better on the ground on 3 November with in-person ballots.
Once the Hunt’s began using leverage, they gave the “game” back to the establishment government, banks, and the Rockefellers. Like the Hunt brothers, the Gamma trade squeeze relies on the banks to lose money...
...most of the puts are related to election and/or end of year hedges, and as such the bulk of them will likely be held through any “pre election” selling...
At the turn of the century, the average U.S. home value was $126,000. Today, that figure is at a record high $259,000 – a 106% increase in just two decades...
