Nasdaq Futures Tumble, Stocks Slide As SoftBank Unwinds, Dollar Jumps

If SoftBank’s presence in the public markets was enough to send global markets to 9 consecutive all time highs while stretching tech valuations to unprecedented levels, then it is to be expected that SoftBank’s unwind of its notorious “Nasdaq Whale” trade as we reported yesterday, would send risk tumbling and sure enough Nasdaq futures plunged over…

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WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs

Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by comments by President Trump that the COVID-19 outbreak in the U.S. will probably worsen before improving. “Everything seemed to rise in the commodity world yesterday as part of the reflation trade,” said Giovanni Staunovo, an analyst at UBS…

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Drain the Swap: Pedostein Kingpin Takedown Analysis

Evil is usually thought of as that which is morally wrong, sinful, or wicked; however, the word evil can also refer to anything that causes harm, with or without the moral dimension. The word is used both ways in the Bible. Anything that contradicts the holy nature of God is evil (see Psalm 51:4). On the flip side, any…

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Ship Seized In Record $1.3 Billion Cocaine Bust Belongs To JPMorgan

Greed causes people to do all sorts of things they wouldn’t normally do. Watch any number of TV courtroom dramas, and the crime under consideration is usually motivated by jealousy or greed, or both. The love of money is what motivates people to lie, steal, cheat, gamble, embezzle, and even murder. People who have a…

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From Russia-Gate To Deep-State-Gate: “All Hell May Break Loose”

When men know the truth and refuse to receive it, when they refuse to obey it and hold it in unrighteousness, “they will be condemned for enjoying evil rather than believing the truth” (2 Thessalonians 2:12 NLT). The Deep State almost always wins. But if AG Barr leans hard on Trump to unfetter investigators, all hell…

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