Stocks to Open Green after Strong Retail Sales Data

The S&P 500 will open in the green after a strong retail sales number out this morning. It has been a volatile week and todays options expiration will no doubt create a volatile day. If the S&P can close above 3480, the bulls can claim victory with another green week. September retail sales m/m came in at 1.9% v the 0.8% expected. Sales excluding auto and gas were 1.5% v the 0.5% expected. The control group, which is used for GDP calculations, came in at 1.4% v the 0.3% expected.   The bulls will be happy with this data as[…]

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Virus Could Push 150 Million People Into Extreme Poverty  

Virus Could Push 150 Million People Into Extreme Poverty   Tyler Durden Mon, 10/12/2020 – 13:15 The World Bank suggested upwards of 150 million people could be pushed into “extreme poverty” due to the virus pandemic, erasing nearly three years of progress in global poverty reductions.  According to the report, for the first time in two decades, the virus pandemic, compounded by the effects of climate change, are slowing poverty reduction progress, resulting in an additional 88 million to 115 million people falling into extreme poverty this year, with total estimates of 150 million in 2021, depending on the economic recovery shape.  The[…]

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The Hazards Of 4 More Years Of Jerome Powell

The Hazards Of 4 More Years Of Jerome Powell Tyler Durden Mon, 10/12/2020 – 13:00 Via Birch Gold Group, Whether Trump or Biden is elected in November, they will have to decide whether or not to appoint Federal Reserve Chair Jerome Powell to another term. And if he is appointed again, the way he continues to handle the continuing ripple effects of the COVID-19 “shutdown” economy will be critical. So let’s examine why the decision to reappoint him is important, then take a quick tour of some of Powell’s recent performance. A piece from Paul R. La Monica provides a take on the importance of[…]

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Nasdaq Explodes Higher Amid Unprecedented Gamma/Futures Double-Squeeze

Nasdaq Explodes Higher Amid Unprecedented Gamma/Futures Double-Squeeze Tyler Durden Mon, 10/12/2020 – 12:44 Heading into the weekend, we observed that despite the recent drift higher in the Nasdaq last week after its September correction, institutional investors remained skeptical with a near-record number of non-commercial spec shorts in the Nasdaq 100 mini according to the latest CFTC Commitment of Traders report, and after spiking to a historic level just two weeks earlier, the negative bets on the Nasdaq stubbornly persisted… No change to Nasdaq short this week pic.twitter.com/9C1YNcs3Rn — zerohedge (@zerohedge) October 9, 2020 … perhaps in response to the recent[…]

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Big Divide In The Restaurant Industry

Big Divide In The Restaurant Industry Tyler Durden Mon, 10/12/2020 – 12:32 Authored by Mike Shedlock via MishTalk, Independent restaurants skid towards bankruptcy as large chains recover. Who’s Booming, Who’s Not? Well-capitalized large chains like McDonald’s, Chipotle and Domino’s are booming  Your neighborhood independent restaurant isn’t The Covid crisis created a Big Divide in the Restaurant Industry The coronavirus pandemic is splitting the restaurant industry in two. Big, well capitalized chains like Chipotle Mexican Grill Inc. and Domino’s Pizza Inc. are gaining customers and adding stores while tens of thousands of local eateries go bust. Larger operators generally have the advantages of more capital, more[…]

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Brevan Howard Takes 25% Stake In Eric Peters’ One River Hedge Fund

Brevan Howard Takes 25% Stake In Eric Peters’ One River Hedge Fund Tyler Durden Mon, 10/12/2020 – 12:17 Eric Peters, perhaps better known to our readers as the “Hedge Fund CIO” of One River Asset Management, has long been one of our favorite market commentators dispensing with weekly insightful, actionable and often contrarian points of view which we dutifully distribute to our readership (his most recent thoughts were posted just this past weekend). After being “discovered” by Zero Hedge more than five years ago, he quickly made the media circuit and has frequently appeared on various podcasts and RealVision interviews:[…]

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Next Generation of Gaming: Microsoft Vs. Sony

The world of gaming is about to change with the next generation of consoles preparing to ship next month. Microsoft (MSFT) and Sony (SNE) have been battling it out for the best-in-class gaming system since the first Xbox hit the consumer market’s holiday season 2001. Now the 2020 holiday season is approaching, and the next-gen gaming battle is about to commence. Gaming makes up only a portion of the technology giants’ total business, but this new wave of systems should give each of these companies a sizable revenue boost. Sony’s gaming segment is a much larger portion of its revenue[…]

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The Innovative Future Of ETFs

Ark Invest is driving a new generation of actively managed ETFs. As opposed to the traditional passive ETF that tracks some sort of benchmark, whether it’s an index, commodity, or other financial asset, Ark’s Innovation ETF (ARKK) is focused on driving alpha (market outperformance). The ETF has been enormously successful in this endeavor, with 100% returns in 2020 thus far. Ark’s Investment Strategy   This unique investment group, run by revolutionary investor Cathie Wood, is focused on finding the next “disruptive innovation.” The firm is looking to invest in enterprises that will change the world in the Roaring 20s. In a[…]

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Best COVID Drug Stocks to Buy on Trump Recovery

Hey everybody, Dave Bartosiak with Trending Stocks. Ahhh, the ‘Rona. COVID-19. Novel Coronavirus. A scourge by any other name. Now, I am a light-hearted kinda guy, that often times borders on inappropriate. Or, I’m way past the line, looking back at it like, oops, my bad. I don’t want anyone to come away with the feeling that I am downplaying the seriousness of this worldwide pandemic. Enough disclosure. Here in America, we are back-to-back World War champions. Russia could make an argument for a tag-team win in the last one, but come on. ‘Murica. Love him or hate him, The[…]

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S&P 500 Looks to Break Technical Resistance

The S&P 500 will open above the 3420 level, which has been a big resistance area for investors to surpass since early September.  If the buying can hold, this would mark a victory for the bulls to start out the fourth quarter. There is a lot of news flow this morning, but the key to the rally over the last two days was stimulus. While a large package doesn’t seem to be realistic, investors are hopeful that a skinny deal can be agreed on. From there, the election will determine how the next stimulus package comes forward. The bull’s theory[…]

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