European and Asian stocks jumped and US equity futures climbed for a third day on Tuesday, following blowout earnings from Google and as China unveiled plans to launch fresh fiscal stimulus to support the world’s second-largest economy.
"If, against all odds, the rule of law is restored in the US and the lawless actors infesting the governing class/controlling the instrumentalities of power are brought to justice, the profound and breath-takingly stunning 'gravity of it all' would rapidly turn greed into fear in terms of so-called “traditional asset” valuations. "
Markets appear willing to put yetserday's risk reversal behind as they close out the week, with futures rising to 12 points to 2,765 and just shy of session highs, while the Dow finally appears poised to end its losing streak.
Elon Musk's list of people responsible for Tesla's shortcomings - now including the NTSB, internet trolls and the financial media - continues to grow. Today's addition? The conspirators running the big oil companies.
"Thus, even though a US aircraft crashed in close proximity to a Chinese airbase known for shooting lasers at US pilots, it is difficult at best to attribute yet another Harrier crash to hacking or external interference..."
Companies are citing that wages are rising (due to a tight labor market) and prices for raw materials like steel are rising. Both of these are being reflected in companies’ aims to increase prices of goods and services... inflation is coming.
It’s alive! Much like Frankenstein’s monster, the automobile market has been jolted back to life by an external shock, this one in the form of the hurricanes which pounded large swaths of the United States last summer.