Hedge Funds Piled Into Facebook Just Before The Crash: Full Q2 13-F Summary

It wasn’t just David Einhorn who picked just the wrong time to dump most of his Apple stock: in the second quarter, some of the most iconic hedge funds like Duquesne’s Stanley Druckenmiller, Moore Capital Coatue Management and Jana Partners either bought or added to…

Beat the Press (every Sunday)

It is blatantly obvious that the entrenched bureaucracy and their allies in the mainstream media have now declared all-out war on President Trump and anyone connected to him.  The volume of omissions, half-truths, and outright lies presented as ‘news’ by these outlets is astounding. Trump…

The Curious Case Of Bill Browder

Authored by Tom Luongo, “Deserve’s got nuthin’ to do with it.” — William Munny, Unforgiven A couple of weeks ago I told you the first U.S. Civil War was here. What I didn’t tell you was the face of that Civil War is Bill Browder. Browder…

Futures Rebound As Chinese Stocks Tumble, Yuan Resumes Slide, Cable Crashes

It was supposed to be a typical post-payrolls subdued session to start the week, however there was already a lot of excitement with Asian stocks mixed and European stocks finding a bid to push the continent into the green as a result of a buying…

S&P Futures, Global Stocks Tumble As Trade War Fears Return; Yuan Plummets

It has been the case that every single day for months, the market’s mood is determined by whether trade tensions are better or worse (however subjectively this is determined). And judging by the bloodbath in the market snapshot below, today they are much worse. For…

Trade War Returns: China Vows Retaliation To US “Blackmail” If Trump Hikes Tariffs

It took less than a day for the latest trade war ceasefire with China to crash and burn. Just hours after reports spread that Trump is considering more than doubling planned tariffs on $200 billion in Chinese imports, raising the rate from 10% to 25%,…

Futures Rise As Traders Digest Data Deluge After Tech Rout; Fed Looms

It has been another relatively quiet session, as traders remain on the sidelines spooked by the sudden reversal in the growth/value trade following a sharp drop in tech stocks while keeping an eye on yields and currencies in the aftermath of the BOJ’s half-hearted attempt…