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Mostly sunny, breezy and warm days are ahead for Acadiana until our next weather system approaches the area late Thursday into Friday, which will bring our next elevated chance of showers and thunderstorms. ....
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That was quite a day. The tech wreck continued, leading the drop in stocks. Commodities did the unthinkable and tumbled on the day but Gold and Cryptos gained as the dollar dumped into the red for the year. Source: Bloomberg Dallas Fed s Kaplan warned that he was cognizant of excess risk-taking in financial markets . Maybe turn the taps off then? 🠦 Monetary policy since March 2020.. pic.twitter.com/kPgQXol3VJ PiQ (@PriapusIQ) May 10, 2021 The Dow topped 35k for the first time ever but was unable to hold gains and ended its win streak at 5 days. The US cash open sparked panic-selling in Small Caps and Big-Tech and they never really looked back. All major indices were hit to the downside around 1415ET (a . ....
Authored by Charles Hugh Smith via OfTwoMinds blog, But weirdly, and irrationally, bubbles pop anyway. At long last, the moment you ve been hoping for has arrived: you re pitching your screenplay to a producer. Your agent is cautious but you re confident nobody else has concocted a story as outlandish as yours. Your agent gives you the nod and you re off and running: Writer: Two guys start a cryptocurrency as a joke to parody the crypto craze, and they name it KittyCoin. It goes nowhere but then the greatest speculative bubble of all time takes off, it s the dot-com and housing bubble times 100 but in everything, and within a couple months the entire economy is dependent on this bubble, and the bubble is dependent on KittyCoin, which has shot up 15,000 percent in a few weeks. A celebrity CEO who s been promoting KittyCoin is invited to host a failing TV variety show, and now the whole economy depends on KittyCoin soaring even higher. ....
Gasoline futures jump to highest in nearly 3 years on pipeline cyberattack (SPY +0.1%). U.S. Covid cases down 30% over past two weeks and the dollar is sliding after the horrible April jobs report. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. The Future Of U.S. LNG: Only The Biggest Will Survive Liquefied natural gas was a big thing a couple of years ago in the United States. With so much cheap gas coming out of the ground thanks to hydraulic fracturing, the U.S. had more than enough not just for its domestic needs but also for gas-thirsty neighbors and far-off buyers such s China and South Korea. LNG was to be one of the weapons of U.S. energy dominance during the Trump administration, and ....