Higher

Biden's Federal Land Lease Ban To Send Oil Prices Higher: Goldman

Oil stocks tumbled following yesterday’s one-two punch of Biden energy news, when first we learned that the Interior Department enacted a 60-day moratorium on issuing oil and gas leases that affects all federal lands, minerals, and waters, which was followed by news that Biden was set to fully suspend the sale of oil and gas…

Ethereum Erupts Higher, Bitcoin Nears $35k; What's Next?

While Bitcoin has been stealing the headlines, it was Ethereum’s turn overnight as the number 2 crypto spiked back above $900 for the first time since Feb 2018… Source: Bloomberg Ethereum still has over $400 to go to reach its record highs… Source: Bloomberg Bitcoin also pushed higher overnight, nearing $35,000, after correcting sharply to…

Iran Puts Maritime Forces On Higher Alert As Top General Warns 'Ready To Respond' To US Pressure

While populations across the globe rang in the new year and are now enjoying the holiday, wondering what 2021 will hold, tensions in the Persian Gulf between the US and Iran just grew hotter. CNN Pentagon correspondent Barbara Starr reports Iran’s forces in the Persian Gulf are now on high alert, possibly in preparation for some…

34 Police Departments Kill Citizens At Higher Rates Than the US Murder Rate

By Matt Agorist According to the most recent count of police killings, police in America have killed 1,039 people this year. Exactly 21 of these victims were at or under the age of 18 when their lives were taken by police officers who swore an oath to protect and serve. Many were unarmed while others…

No, Low Rates Do Not Lead To Higher Earnings Multiples: What That Means For Markets

With the S&P closing Friday at a new record high just shy of 3,700, which as we showed last week translates into a Shiller CAPE ratio now above levels where it was on the eve of the crash of 1929 for the first time since the dot com bubble… … even Goldman has been forced…

As Oil Soars, Former NHL Player Turned Hedge Fund Manager Says “Inevitable” It Will Go Higher

If you’re bullish on oil, we’ve got good news and bad news. The good news is that one hedge fund manager is finally taking an outsized bet on oil and is making headlines. The bad news is that the “hedge fund manager” isn’t exactly Sam Zell or Steve Cohen, but rather a former professional hockey player.  Regardless,…

Beyond Meat Whipsaws Higher After Revelation They Helped Create McDonald’s New “McPlant”

Beyond Meat shares reversed course violently after being pummeled early in the session, touching as low as $141 per share, despite the Dow being up well over 1,000 points for the entire session. The plunge in shares was a breakneck-speed response to a headline that McDonald’s was developing its own “McPlant” in-house meat-free burger for…

“This Is Huge”: World’s Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders

Last week we reported that thanks to what may be the world’s most sophisticated check kiting scheme, Chinese and Hong Kong banks were giving local retail investors a mindblowing 33x margin leverage with which they could then turn around and purchase stock in what is now the world’s largest IPO – China’s fintech Ant Financial,…