JP Morgan's Jamie Dimon wants to hit US millionaires with the "Buffet rule" to tackle the national debt
Source: Business Insider
US Retail Sales increased 2.6% over the last year and this number is taken positively by markets
Retail sales came in better than expecting indicating that hashtag#consumers are still strong. Retail Sales month-over-month is the best number since January 2023. There are few caveats though: 1) After adjusting for higher prices they were down 0.4%. 2) Both of these numbers are well below the historical averages of +4.6% nominal and +2.0% real. 3) Previous numbers were revised downward Source: Charlie Bilello
The natural trend of global markets is to go up
Source: BofA
The $VIX has declined 58% (from 38.57 to 16.19) over the last 7 trading days, the biggest 7-day volatility crash in history.
Source: Charlie Bilello
Michael Burry has made Chinese Internet Stocks his biggest holdings
His #1 holding is Alibaba which was worth $11.2 million at the end of the last quarter. Source: Barchart, CNBC
Gains from last Monday's (8/5) panic lows...
Source: Charlie Bilello
BREAKING: Prediction markets are now showing a 53% chance of Kamala Harris winning the 2024 election, according to Polymarket.
These markets are different than polls in that the probabilities are based on real money wagers. In 2016, polls put odds of Hillary Clinton beating Trump at 70%, with some as high as 98%. Trump's victory in 2016 ended up resulting in one of the largest polling and election forecaster failures in history. Will prediction markets prove to be more or less accurate? Source: The Kobeissi Letter
BREAKING >>> Hackers have reportedly stolen Social Security numbers of EVERY American from National Public Data, according to the Los Angeles Times
2.9 billion people's data was reportedly stolen Source: Stocktwits
