We were failed by the people in charge and by our fellow Americans.
Joshua M Brown
The Biggest Earnings Day Ever
Join Josh Brown and Michael Batnick on a wild ride through the biggest topics in the markets right now
The 10 Most Indebted Companies on Earth
Three of the top ten most indebted companies in the world are German automakers. Actually makes sense, they can borrow at close to zero, why not finance operations for free? “With a burden of $192 billion US, the Volkswagen Group is the most heavily indebted enterprise in the world.” According to Kryptoszene, that debt load…
Bitcoin got the gold memo
Rolling 30-day correlation back at a 5-year high
Sad Old Man Rocks making new high
Just a quick update on the gold breakout I wrote about on July 1st. Lots of follow-through for the metals ETFs and related mining stocks. Gold is now decisively above its previous nominal highs. In my experience, once an asset class or commodity takes out a multi-decade high, it’s probably a mistake to think you’re…
Prepare for the air pocket
Congress hasn’t renewed the benefits in time for overwhelmed state unemployment systems to adjust their computers.
This Week on TRB
These were the most read posts on the site this week, in case you missed it:
Tonight!
Don’t forget to watch Frank Holland and I on CNBC tonight at 6pm doing an hour on stocks
This is the best word I could come up with to describe investors today
the boom in Special Purpose Acquisition Corps, Bill Ackman’s new entry into the game
Euro snaps ten year downtrend vs US dollar
The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a…
