It's a risk-on mood around the world, as China makes an unexpected trade concession by slashing auto import tariffs to 15%, while the Italian bond rout is taking a break, leading to a sharp rebound in the euro as the dollar slides.
"...declining nations follow the same pattern, time and time again, over the centuries. This is not coincidence. The pattern exists because human nature never changes, regardless of the era or the locale. "
"...citizens moving from these blue states to red states aren’t just abandoning political loyalties while they’re at it. They are still going to maintain their same beliefs in their new homes, which has caused some seemingly 'safe' red states to come into question."
Greenlight Capital has lost 15% so far this year, making its total loss since the end of 2014 about 25% - but David Einhorn is digging in and holding onto the strategies that made him a name to begin with.
"Between its current operations, anticipated new product spend, and incremental capacity additions, we see Tesla potentially requiring over $10bn in external capital raises and debt re-financing by 2020"