It is the 20th of August 2017

News

What David Tepper Bought And Sold In Q2: The Full Breakdown

Remember when several months ago the news that David Tepper disclosed that his Appaloosa bought a (tiny 100,000 share) take in Snapchat in Q1, sending the stock briefly higher, especially after he said that he would add more if the price fell below its IPO price of $17? Well, according to his just released 13F, he didn't, and in fact has since dissolved his entire stake in the company that has since pivoted to dancing hotdogs.

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"The Floodgates Are Opening" - Standpoint Predicts Bitcoin To Hit $7500, Goldman Raises Outlook

Standpoint researcher Ronnie Moas raised his price target for bitcoin from $5,000 to $7,500, according to CNBC. Moas raised his price target after bitcoin reached the new all-time high this weekend.

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"Racism Is Evil" - Trump Denounces KKK, White Supremacist "Criminals And Thugs"

During an impromptu statement from The White House, President Trump attempted to clear up the nation's comprehensions of his views calling out the "KKK, Neo-Nazis, White Supremacists, and other hate groups as repugnant."

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Shocking Admission From Global Head Of Strategy: "Our Clients Have Given Up On Valuation As A Metric"

For all the recent concerns about an "imminent" nuclear war with North Korea (not happening, according to the head of the CIA), which prompted a stunned reaction from Morgan Stanley which earlier today observed the "70% rise in the VIX index over three days, 2% drop in global equities, and more than a few holidays disrupted", leading it to conclude "Well, That Escalated Quickly", the market continues to ignore the real risk: the upcoming central bank balance sheet taper which will have a dire and drastic impact on markets according to Citi's global head of credit product strategy, Matt King:

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Home Prices In Hong Kong Climb To Record Highs Even As Chinese Buyers Pull Back

Chinese banking regulators’ efforts to force the country’s largest conglomerates to deleverage after an unprecedented binge on foreign assets has already spurred a pullback in foreign real-estate investment, part of a broader decline in foreign investment more generally.

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