Hits

China Power Demand Hits Record As Polar Vortex Split Pours Arctic Air Into Region

The Beijing meteorological station recorded one of the coldest temperatures in decades this past week, sending power demand through the roof.  Lei Lei, the chief forecaster for Beijing meteorological station, told China Daily that the first cold wave in 2021 features a “dramatic temperature drop,” “significant wind-chill effect,” and “prolonged period of low temperature.” On Jan. 7, Beijing…

2020 Greatest Hits: The Most Popular Articles Of The Past Year And A Look Ahead

One year ago, when looking at the 20 most popular stories of 2019, we pointed to a certain undertone of artificial stability permeating capital markets and society, with the economy firing on all cylinders (thanks to the massive dual deficits and debt that had exploded under the current administration), with the market surging 30% last…

US Army Hits Target 43 Miles Away With Long-Range Cannon

By Tyler Durden The Army’s Extended Range Cannon Artillery (ERCA) system hit a target 43 miles away last week, military officials told Defense News, which marks yet another successful demonstration of a powerful cannon that can fire smart projectiles at long-ranges across the modern battlefield. ERCA’s latest demonstration took place at Arizona’s Yuma Proving Ground….

US Army Hits Target 43 Miles Away With Long-Range Cannon 

The Army’s Extended Range Cannon Artillery (ERCA) system hit a target 43 miles away last week, military officials told Defense News, which marks yet another successful demonstration of a powerful cannon that can fire smart projectiles at long-ranges across the modern battlefield.  ERCA’s latest demonstration took place at Arizona’s Yuma Proving Ground. The Army fired…

Americans' Mental Health Hits 20-Year Low Ahead Of Renewed Lockdowns, Gallup Poll

Authored by Brad Polumbo via The Foundation for Economic Education, In California and other parts of the country, Americans are headed back to lockdown or otherwise facing renewed restrictions on their day-to-day lives amid another spike of COVID-19. Yet a new Gallup poll shows these lockdowns come as people are already struggling with their mental health. “Americans’ latest assessment…

Negative-Yielding Debt Exceeds $18 Trillion As Global Market Cap Hits $100 Trillion

Submitted by Christophe Barraud The pool of negative-yielding debt across the world exceeded $18 trillion for the first time in history, according to Bloomberg data. The move came after the ECB announced it will expand its massive monetary stimulus program by another €500 billion and will extend emergency bond purchases for nine months. In a context…

US Household Wealth Hits All-Time High As “Top 1%” Have Never Been Richer While Poor Drown In Debt

The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of Sept 30 2020. What it showed is that one quarter after the biggest surge in household net worth on record when US household net worth jumped by $7.6 trillion to $119.0 trillion (which…

Online Spending Hits Record On Cyber Monday

Submitted by Market Crumbs, Earlier this week we wrote about online shopping being the big winner of this year’s Black Friday. Online spending on Black Friday jumped by 21.6% to a record $9 billion, according to data from Adobe Analytics, which analyzed transactions from 80 of the top 100 U.S. online retailers. The total makes…

“Sell The Vaccine”: Euphoric Wall Street Goes “Full Bull” As Optimism Hits 20 Year High, Prompting BofA To Turn Bearish

Last Friday we reported that after looking at the wave of euphoric bullishness sweeping across on Wall Street sparked by a combination of a (newly) bullish lack of a blue wave coupled with imminent vaccine hopes, BofA’s Chief Investment Officer stood out amid the crowd of Wall Street cheerleaders and urged the bank’s clients to…

Trump Cheers As Dow Hits New Record High

Dow futures pushed notably higher overnight, within a tick or two once again of the 30,000 level… …but the cash Dow just broke to a new record high… And President Trump is watching closely… STOCK MARKET GETTING VERY CLOSE TO 30,000 ON NEW VACCINE NEWS. 95% EFFECTIVE! — Donald J. Trump (@realDonaldTrump) November 16, 2020

Google Searches For “Liquor Store Near Me” Hits All-Time High Amid Election Anxiety  

Election Day is over, and it’s now Wednesday morning. No clear winner has emerged yet in an extremely tight presidential race, forcing some Americans to panic search “liquor store near me.”  On Tuesday night, Google Trends’ Twitter account published a chart showing a parabolic move of internet searches for liquor stores as Americans sought to alleviate…