Ok, so the Fed is going to hike tomorrow. And the best part about it is, we’ll get CPI and retail sales too, so hopefully
“Despite the horrible price action in technology shares recently, letâ€™s put things in perspective: FANG stocks are still up well more than 20% on the year. Thatâ€™s an awful lot. At the same time, the price of many crypto- currencies has gone parabolic in a way that we havenâ€™t seen since tech stocks in the late 1990s. Thereâ€™s even the same “new paradigm” driving the price action. If thatâ€™s not a speculative bubble, I donâ€™t know what is.”
“Based on the quarterly 13F filings and estimated short positions of the equity holdings of 952 funds, we estimate that hedge fundsâ€™ net stock exposure increased to $792bn notional from $730bn QoQ, surpassing the Q2 2015 peak to a record high. HF long positions stood at $1.36trillion notional at the start of Q2 2017, tied with the Q2 2015 high.”
Thankfully, the fact that Trump is even considering firing Mueller and the fact that he just tweeted about the 9th Circuit a day after the court cited the President’s tweets in an unfavorable ruling proves (again) that Trump will not stop until he has gotten himself impeached.