"Over the past five weeks the U.S. equity market has collapsed by $3 trillion, the worst valuation crash since October 2008. The crash equates to 15% of GDP.'' chart from Mint Partners via
@queenofchartz
Buy the dip? This is from Pete: because the denominators are smaller now, a bigger % rally is needed to get back to market peaks than the % falls that brought the major indexes down to these levels.
Fed’s Powell just said there is now less room to create stimulative fiscal policy in the US “than their should be.” Concerned about a Wylie Coyote moment?
What could be the next GME? GME.
Here is a list of some of the most ``squeezable'' stocks by
@S3Partners
founder
@BobSloanS3
- Gamestop (GME)
- Carvana (CVNA)
- Shutterstock (SSTK)
- International Flavors & Fragrances (IFF)
- Nikola (NKLA)
- Beyond Meat (BYND)
Tomorrow is the first day of what will be a long, uphill battle for me. But I hope to persevere and succeed. I am going to bring back the button-down shirt to formal business attire.
Steve Mnuchin is worried that
#Libra
could be used to finance terrorists or launder money. I wonder if anyone has ever used US dollars to do those things? Or Euros or Pounds?
PSA's purchase of Fiat will create a $46 bln company that
made 8.5 million cars last year.
Meanwhile Tesla is worth 50% more at $68 bln and it made less than 250,000 cars last year.
Bloomberg: More than one million people in the U.S. were diagnosed with Covid-19 on Monday, a new global daily record.
Me: I'll be flying into New York on Friday!
You can’t say “it’s not our fight,” after you invade another country. Especially if you convince thousands of their people to work for you, with the promise of protection.
If Trump wants to add another 365 million barrels of oil to the Strategic Petroleum Reserve right now, the US could get paid $13.8 billion to do it. And increase energy security.
#oott
Despite an infotainment system that is sorely lacking (no wireless CarPlay?), and the disappointing same-ness of a twin-turbo V8, the Aston Martin DBX 707 is a better looking and driving and feeling super SUV than the BMW XM or the Lamborghini Urus.
Note to journos: The term
#merger
is only appropriate when the companies are equal partners. If one company is actually buying the other, use alternatives such as
#acquisition
, purchase or takeover. Use takeover as a noun, take over as a verb.
Sitting with about 30 journalists in Sintra, covering the ECB Central Bank Forum where Fed Chair Jay Powell is speaking, and about a third have the World Cup on their computers.
Remember that Bill Dudley isn't just some random dude. New York Fed President for 9 years, Dudley was the *Vice Chairman* until 2018, and just spent the weekend at Jackson Hole in deep discussion with central bankers from around the world. Who else thinks like this?
I’m deeply honored to receive the Presidential Medal of Freedom from
@POTUS
.
But this honor doesn’t just belong to me. I hope everyone who has worked at
@bloomberg
and
@BloombergDotOrg
over the years, or served New York City during our administration, takes pride in what we have
Imagine if your government passed a law saying it could shut down access to your bank account if you spoke your mind freely in public, and then imagine if your bank came out and publicly supported that law.
The Fed paused as expected, but signaled another hike yet to come. Consumer and government debt is ballooning. Is your portfolio positioned for the volatility ahead? Tune in for my discussion on Thursday with
@mattmiller1973
and
@ptsweeney
.
Ever since the most recent software update, my
@apple
watch series 7 battery life has been reduced to 8 hours and the screen stays lit up in sleep mode. On the plus side (?) the screen goes dark when the watch dies in the middle of the night and my alarm doesn’t wake me up.
Imagine if this were true! if almost A THIRD of all London homeowners were selling their houses inside of the next two months! I would finally be able to afford a flat in Chelsea.
#Brexit
Falling asleep while
#driving
is a real danger. But how can we prevent it? Coffee? Loud music? Pull over and take a nap? Read some of our best tips on how to stay awake while driving:
#SafetyFirst
#BMWGroup
Anyone want to move to
#Copenhagen
? Danish banks are now offering mortgage bonds with a negative interest rate. So if you’re willing to buy a house on borrowed money, Danish banks will pay you for your trouble.
@MillerGWOh
I just found myself standing next to the son of Ferrucio
#Lamborghini
, looking at this 1954
#Ferrari
500 Mondial, and I said, “The clutch sucks on these.” And he said, “Exactly, I agree.” @ Modena, Italy
Talking about
#bitcoin
on
@BloombergRadio
this morning. $XBT has been up as much as 23% in one day to over $5,000! That's the biggest gain since February of 2014.
@MatiGreenspan
what is going on?
People are talking a lot about total US debt today, but it's important to see it relative to GDP, as the Trump gearing eclipses that of President Obama.
@queenofchartz
built this on
@TheTerminal
to show we're in uncharted territory, even before the Green New Deal gets started!