Not only are earnings misses by European companies not punished, but they are being rewarded by the most on record, resulting in a median rally of 0.5% after a company reports an EPS miss!
With bitcoin back to its skyrocket phase, and with Keith speaking at a conference where gold and bitcoin were presented, it’s a good opportunity to revisit USD, AU, and BTC.
"When this thing implodes, we are all screwed. On a global scale, we have never before created such a magnificent bubble. These central bankers are clueless..."
"...we must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment...and accelerate the development of blockchain..."
S&P futures rose to a new all time high, Asian stocks advanced, while European stocks were flat amid - what else - renewed trade deal optimism, even as the busiest week of earnings season is set to confirm that the S&P500 is in an earnings recession
"...somebody actually does produce a working blockchain peer-to-peer system. It'll be a lending system that actually scales, we won't need banks anymore..."
"beneath the veneer of relative spread resilience and muted realized defaults, the weak links in the leveraged credit markets are coming under pressure."
