Day: January 11, 2019

zerohedge January 11, 2019

Canada’s massive marijuana shortage could last for many years, according to industry executives who warn there is not enough pot for the growing demand. With most of the ten provinces struggling to receive even a fraction of pot that suppliers have promised, a shortage has left the industry in shock, and caused concerns that Canadian cannabis producers were […]

zerohedge January 11, 2019

Authored by Mike Krieger via Liberty Blitzkrieg blog, If you don’t follow me on Twitter, you’ve been missing out on some good stuff. With the brith of our third child a couple of months ago, it’s been increasingly hard for me to find the time to sit down and write longer posts, so I’ve been […]

zerohedge January 11, 2019

A thief in the Hamptons stole cash and valuables from a parked car with a value of at least $42 million, according to Dan’s Papers, a local news website. CCTV footage of thief in East Hampton, Photo: acceptphoto, kantver, Iakov Kalinin/123RF The treasure trove, pulled from the trunk, center console and floor of a relatively […]

zerohedge January 11, 2019

Slumping macro data, tumbling earnings expectations, and “substantial” Fed balance sheet run off to come, that explains why stocks at near-record levels of extension in the last few weeks… Of course the algos had plenty to chew on still – Powell BTFDove, China RRR Cut, Trade talk optimism, Mnuchin calls PPT, and Saudis scramble to […]

zerohedge January 11, 2019

After House Democrats pushed through a series of spending bills in a doomed attempt to end the shutdown (or at least crystallize their virtue-signaling in the Congressional record), the Senate decided to adjourn for the weekend on Friday without taking up debate on any of the bills (which had approximately zero chance of passing the […]

zerohedge January 11, 2019

Earlier this week we asked if, just like in early 2016, a new “Shanghai Accord” was coming. Implicitly responding to our rhetorical inquiry, Macquarie’s Victor Shvets published a report titled “Shanghai redux & Benjamin Graham” in which he agrees with us that “investors seem to be increasingly expecting that a new Shanghai Accord (a laFeb […]

zerohedge January 11, 2019

Authored by Jeffrey Snider via Alhambra Investment Partners, Rate Of Change We’ve got to change our ornithological nomenclature. Hawks become doves because they are chickens underneath. Doves became hawks for reasons they don’t really understand. A fingers-crossed policy isn’t a robust one, so there really was no reason to expect the economy to be that […]

zerohedge January 11, 2019

And just like that – with no catalyst – everything reverses… As Richard Breslow noted earlier, “The dollar has gone from chump to champ as Turkish troop movements on the Syrian border have caused a quick flight to safety.” The dollar’s abrupt rally against the euro and the yen may have been fueled by investors […]