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Keyword: wallstreet

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  • Mood On Wall Street Has Never Been More Apocalyptic; Tech Short Is Biggest Since 2006

    05/17/2022 4:34:50 PM PDT · by blam · 12 replies
    Zubu Brothers ^ | 5-17-2022
    One month after the April Fund Manager Survey was downright “apocalyptic” with the majority seeing a bear market and stagflation – yet nobody rushing to sell – and with optimism plunging to levels right before Lehman, today Bank of America published the latest, May FMS (available to pro subscribers in the usual place) in which the bank’s doom-and-gloomy Chief Investment Strategist Michael Hartnett (who most recently warned that the bear market will end when the S&P hits 3,000 in October) found that his view is shared by a growing number of even more apocalyptic Wall Street professionals, because the survey...
  • Warren Buffett Blasts Bankers For Turning Stock Market Into "A Gambling Parlor"

    04/30/2022 9:52:33 PM PDT · by SeekAndFind · 25 replies
    Talk Markets ^ | 04/30/2022 | Tyler Durden
    After a tumultuous week of violent lurches higher (but mostly lower), the S&P 500 has ended April with its worst start to a year since the start of World War 2...Vacation bookings are soaring, car sales are booming and Americans continue to spend with abandon, thanks to higher wages and brisk hiring; and yet, the economy unexpectedly contracted in the first quarter, led by trade deficits and a drop in inventory purchases.“The market is worried about a very fragile economic outlook, as it should be," said Joe LaVorgna, chief Americas economist at Natixis and former Trump White House economic adviser.“The...
  • Mood On Wall Street Is Apocalyptic, Yet Nobody Wants To Sell: Here’s Why

    04/12/2022 2:05:36 PM PDT · by blam · 6 replies
    Zubu Brothers ^ | 4-12-2022
    One month after the March Fund Manager Survey was downright “apocalyptic” with the majority seeing a bear market and stagflation, and with optimism plunging to levels right before Lehman, today Bank of America published the latest, April FMS (available to pro subs in the usual place) in which the bank’s doom-and-gloomy Chief Investment Strategist Michael Hartnett found that his view is shared by even more Wall Street professionals, because the survey which polled 329 panelists managing $929 billion in AUM, found that global growth expectations plunged even more compared to last month, and dropped to fresh all-time lows (net -71%)...
  • Russia again avoids bond default with $447 million payment

    04/01/2022 1:32:16 PM PDT · by marcusmaximus · 47 replies
    NY Post ^ | 4/1/2022 | Ariel Zilber and Lydia Moynihan
    Russia once again avoided a default on its foreign debt as the Kremlin transferred a $447 million bond payment. The payment was processed by JPMorgan, which is Russia’s foreign correspondent bank. It was then transferred to the admin agent, which in this instance is BNY Mellon, sources familiar with the matter told The Post. JPMorgan got the go-ahead from the Biden administration, which imposed sanctions on the Russian economy following President Vladimir Putin’s invasion of Ukraine, before processing the payment, Markets Insider reported. JPMorgan and BNY Mellon both declined to comment when reached by The Post. Holders of Russian bonds...
  • “This Is Absurd” – Wall Street Pushes For Defense Stocks To Get ‘ESG’ Label

    03/10/2022 4:33:49 AM PST · by blam · 18 replies
    Zubu Brothers ^ | 3-10-2022
    There’s little doubt that the growing influence of ‘ESG’ investing helped lead Western Europe to its present unfavorable position, allowing Russia to dominate the energy space. But going forward, a handful of Wall Street analysts are contemplating another ‘ESG’ revamp: allowing “military weapons” and “defense” stocks to be considered “ESG” plays. If you are thinking that this seems a little, well, off, don’t worry – you’re not alone. One prominent ESG investor said he was approached about the possibility last week, but he called the idea “absurd”, according to NYT. Leslie Samuelrich, president of the Green Century Funds, which was...
  • Treasury Department assures Wall Street it can still trade Russian oil and gas

    03/06/2022 3:13:22 PM PST · by marcusmaximus · 13 replies
    CNBC ^ | 3/4/2022 | Thomas Franck
    The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas despite a raft of sanctions against Russia and its largest lenders. The new guidance comes as traders and banks worry about running afoul of U.S. trade laws as world leaders rally against Russian President Vladimir Putin’s unprovoked invasion of Ukraine. But Treasury underscored in a post that the U.S. sanctions against Russia’s biggest banks — including VTB Bank — do not apply to energy transactions until June 24. The department also reassured investors that companies that transport...
  • Pfizer & Moderna Investors Run for the Exits

    02/23/2022 1:26:16 AM PST · by Enlightened1 · 19 replies
    The Desert Review ^ | 02/21/22 | Justus R. Hope MD
    Wall Street investors are dumping their Moderna and Pfizer stock faster than the world can drop the mandates. Moderna is down 70 percent from its high, while Pfizer is off 19 percent. Former Blackrock Executive and investment adviser Edward Dowd calls for Moderna to go to zero and Pfizer to end under ten dollars per share.How is this possible given that Pfizer now enjoys record earnings per share and a market capitalization of some $270 billion, making it the 29th largest corporation globally? With nothing but profits in sight for the Pharmaceutical giant, what could be the problem?After all, in...
  • Why Are Oil-Rich States Run By Republicans Absent From Coalition Against Woke Capitalism?

    12/06/2021 8:35:26 AM PST · by Kaslin · 13 replies
    The Federalist ^ | December 6, 2021 | Tristan Justice
    Three top oil producing states run by Republicans were absent from a letter warning Wall Street financiers of consequences over woke capitalism.West Virginia Republican Treasurer Riley Moore led a coalition of 15 states last month highlighting $600 billion in assets they pledged to take from banks that embrace corporate wokeism and refuse to bank equally with fossil fuel companies. “Just as each state represented in this letter is unique in its governing laws and economy, our actions will take different forms,” Moore wrote. “However, the overarching objective of our actions will be the same – to protect our states’ economies,...
  • Wall Street Firms Tell Employees To “Dress Down” As Violent Crime Rages

    12/04/2021 2:52:33 PM PST · by blam · 27 replies
    Zubu Brothers ^ | 12-4-2021
    As New York City political elites brag about their “urban utopia,” reality shows it’s nothing like that. Rather a dystopia as defunding the police and other progressive policies have resulted in a surge of violent crime. The city saw its most significant year-over-year increase in shootings and homicides in more than half a century between 2019 and 2020. Violent crime continues to plague the city today, as top Wall Street firms tell their employees to “dress down” to avoid being targeted. Outgoing Mayor Bill de Blasio’s progressive policies doomed the city as successor, Mayor-elect Eric Adams, a former police officer...
  • GE to end its run as a conglomerate, split into 3 companies

    11/09/2021 7:30:01 PM PST · by blueplum · 17 replies
    NYDaily News ^ | 09 November 2021 | MICHELLE CHAPMAN, Associated Press
    General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, health care and energy. The company’s announcement Tuesday is the culmination of an arduous, yearslong reshaping of a symbol of American manufacturing might that could signal the end of conglomerates as a whole.
  • Conservatives As Revolutionaries: How To Fight When You’re An Alien In Your Own Land

    10/29/2021 8:37:19 AM PDT · by Kaslin · 32 replies
    The Federalist ^ | October 29, 2021 | Christopher Bedford
    Today, the left is better at revolutionary ideas, in part because they’re willing to be revolutionary in their thinking and in their governing.The story of the past 100-plus years is the story of the rout of American conservatism — and the near complete and total takeover of the country and its Commanding Heights by a cadre of highly intelligent, determined, and ruthless individuals. How did the century begin? The left started from a humble base: a few people here and there, but certainly not dominating the levers of society. They were scattered about entertainment and Congress, and only truly formidable...
  • Citigroup Becomes First Wall Street Megabank To Commit To “Racial Audit”

    10/24/2021 9:32:35 AM PDT · by blam · 28 replies
    Zubu Brothers ^ | 10-24-2021
    The fact that America’s biggest banks (not to mention many of its biggest companies) have embraced virtue-signaling on issues like racial equality and representation is nothing new. But in the race to be seen as the most beneficent megabank on Wall Street, Citigroup appears to be pulling ahead. One year after releasing a 104-page paper purporting to analyze the impact of racism and inequality on America’s economy – the analysts ultimately determined, in a report that reads more like propaganda than sell-side research, that “systemic racism” has helped to destroy some $16 trillion in economic value over the last 20...
  • Wall Street Is Done With Covid: Pandemic No Longer Among Top 3 Risks For Market According to Survey of 600 Global Market Participants Conducted by Deutsche Bank

    10/11/2021 7:33:40 PM PDT · by SeekAndFind · 8 replies
    Nation and State ^ | 10/11/2021 | Tyler Durden
    The covid scare is officially over.According to the latest monthly survey of 600 global market participants conducted by Deutsche Bank, for the first time since June, the biggest perceived risk to markets is no longer covid. Instead the top three risks are i) higher inflation and bond yields, ii) central bank policy error and iii) strong growth failing to materialize or being very short lived (i.e. stagflation and/or recession). New covid variants that bypass vaccines has slumped from 1st place, which it occupied for the previous three months, to 4th place in October.Below we present some of the other notable...
  • Does Wall Street have to be vaccinated, wear masks on trading floor?

    09/15/2021 10:45:42 AM PDT · by MeneMeneTekelUpharsin · 23 replies
    Curiousity | 15 September 2021 | Mene Mene Tekel Upharsin
    Was just wondering...I haven't seen any stories about what is going on in the trading exchanges per the Covid crisis. Do those folks have to be vaccinated, or are they exempt? You just don't walk away from a Wall Street job. Are they wearing masks? Or, is this all JUST for the little people? Can someone enlighten me.
  • Pelosi and Schumer must stop Wall Street from funding the Chinese Communist Party and its campaign of evil

    07/27/2021 9:56:23 PM PDT · by cba123 · 30 replies
    Fox Business ^ | Yesterday | Nicholas Iacovella
    No Chinese company involved in the CCP’s genocide, human rights abuses and use of forced labor should be able to access our markets and raise money from American investors -- House Speaker Nancy Pelosi, D-Calif. and Senate Majority Leader Chuck Schumer, D-N.Y. say they want to send what's being called a big China bill to President Joe Biden. That's Washington-speak for major legislation that will push back on China's economic power. But to back up their words with action, the two Democratic leaders are going to have to take on one of Washington’s most powerful special interest groups and financiers...
  • An army of Davids takes on the Goliaths of Wall Street

    06/11/2021 7:07:09 AM PDT · by SeekAndFind · 19 replies
    American Thinker ^ | 06/11/2021 | Dutch Masters
    Wall Street trading will never be the same again. This “thing” they call the meme stocks, the Reddit Army, the Robin Hood traders -- it's not a fad. It’s real. And it has only just begun to change Wall Street forever. What happened? In the last few years, the friction that used to benefit the powerful in the system of trading stocks has been eliminated. And on top of that, social media has become widely adopted and used by bajillions of people around the world. The way this has changed things requires us to look at the way things were...
  • Sell Wall Street and Buy American

    05/04/2021 3:09:26 PM PDT · by PoliticallyShort · 4 replies
    The American Mind ^ | 05/04/21 | Tony Francois
    Woke capital, like the railroad barons of 150 years ago, leverages its economic power for its own privileges and purposes, increasingly inimical to those of red state workers, voters, and taxpayers. It is indefensible that red state governments are heavy investors in an economic structure dedicated to their repression, and that state workers have their long-term economic interests aligned against their own employers, the taxpayers. State pension funds should sell Wall Street and buy American.
  • Biden’s closest advisors have ties to big business and Wall Street with some making millions

    03/21/2021 7:24:47 AM PDT · by BenLurkin · 19 replies
    CNBC ^ | MAR 20 20212:26 PM EDT | Brian Schwartz
    These disclosures were provided by the White House to CNBC early Saturday morning after requesting the documents a day earlier. None of these positions were confirmed by the Senate. Many of these advisors have previous ties to Biden’s campaign or former President Barack Obama’s administration. A White House spokesperson did not return a follow up request for comment. Deese was previously the Global Head of Sustainable Investing at BlackRock before becoming the head of the National Economic Council. While at the investment firm, Deese’s disclosure shows he made over $2.3 million in salary and bonuses. His disclosure also suggests that...
  • Dow Futures 33,101.00 +84.00 (+0.25%) +84.00(+0.25%)

    03/17/2021 5:18:56 PM PDT · by entropy12 · 65 replies
    yahoo finance ^ | 03/17/21 | yahoo finance
    S&P Futures 3,982.75 +8.75(+0.22%) Dow Futures 33,101.00 +84.00(+0.25%) Nasdaq Futures 13,234.00 +32.50(+0.25%) Russell 2000 Futures 2,339.00 +4.60(+0.20%)
  • GameStop hearing proves politicians will put hedge funds ahead of the American people

    02/19/2021 2:44:32 PM PST · by Navy Patriot · 71 replies
    One America News ^ | February 19, 2021
    The GameStop hearing on Capitol Hill was a chance for elective leaders to challenge Wall Street hedge funds on the ethics of taking large short positions on struggling stocks.However, viewers of the highly anticipated hearing were left with plenty of questions and few answers. In fact, the only clear answer from Thursday’s hearing was the majority of politicians on Capitol Hill seem to favor the elites on Wall Street over working class Americans. ...While committee members seemed to completely dismiss the idea that Melvin Capital and other hedge funds conducted an illegal naked short on GameStop, one person who did...