It is the 20th of July 2018

News

Russia Liquidates Its US Treasury Holdings

Last month we showed that as Trade Wars began in April, the world's central banks and other official institutions dumped more Treasuries than in any month since January 2016, some $48.3BN, perhaps over concerns of others selling first, and precipitating a sharp move higher in yields. Fast forward one month later to May, when according to the latest just released Treasury International Capital (TIC) update, in May the selling of Treasurys by official entities continued, with another $24BN sold in the month of May, when yields continued to rise and eventually hit the 2018 highs of 3.11%.

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Analyst Writes Open Letter To Musk: Stop Tweeting And Apologize

Infamous tech analyst Gene Munster, of Loup Ventures, has had enough with Elon Musk...

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WTI Drops After Surprise Crude Build

Oil prices rebounded to unchanged intraday on hopes that tonight's API data would show a notable draw and recover the momentum in energy markets. However, WTI dropped as API reported a surprised crude build of 629k (exp was a 4.1mm draw).

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Hundreds Of Tesla Customers Must Repay German Government Subsidy

Tesla CEO Elon Musk is about to be bitterly disappointed - as are hundreds of his customers.

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'PPT' Or Not 'PPT' - That Is Today's Question...

"Powell, we love you, but you only have seven-and-a-half hours to save the market"...

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