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"...while in the U.S. we've had double-digit unemployment rate and actually even worse, considering underemployment and so on."

Blackstone is shelling out $4.5 billion for a majority stake in Ancestry.com...

This follows some malarkey in VIX this morning that saw a mini-flash-crash around 0800ET...

The highlight this week will be the virtual "Jackson Hole" gathering on Thursday and Friday, where this theme this year is “Navigating the Decade Ahead: Implications for Monetary Policy”,

"In modern meteorological history ... there's never been anything like this before..." 

With today's gain, AAPL has added a quarter trillion dollar to its market cap in just the past week.

Doesn’t “V” seem like a happy memory?

Another day, another all time high.

"...with COVID and social distancing and contactless, definitely, we have an appeal there..." 

"It pains me to say this, but bankruptcy is a growth industry in America"

"When we look back at 2020, it may well be that the most important structural change that COVID-19 gave rise to from a macro perspective will be this structural shift towards higher inflation."

...manias generally don’t end well.

The Name the Enemy Act would prohibit Xi Jinping from being called China’s president in any US government document.

"Of course, the bond market did read the minutes, and it thinks you’re being a little rude for not wanting to keep the party going..."

"They just pulled three trillion dollars out they ass and gave it to they friends."

Everyone is convinced the dollar is going to inflate because more dollars are entering the system. But are they really?

The last time we had a cluster of so many negative A/D days with the S&P closing at all time highs, was just days before the dot-com bubble burst.

"Distributing a vaccine that either doesn’t work or ends up with serious side effects could damage the economy more than having a long delay in finding a vaccine."

How do the Fed’s staffers sleep at night?

“Markets are strongest when broad, and weakest when narrow...”