Bitcoin cash has existed for barely 24 hours. Yet its price has doubled as an increasing number of digital currency exchanges have enabled trading in the bitcoin twin, making it the new third-largest cryptocurrency by market capitalization (supplanting Ripple).
Authored by Bryce Coward via Knowledge Leaders Capital blog,
By most accounts the Q2 earnings reporting season has been a good one, with most companies surprising to the upside and some offering improved guidance for future numbers.
In fact, according to FactSet, more companies have posted a positive sales surprise in Q2 than any quarter going back at least five years (chart 1).
By @DonutShorts
Via FFWiley.com,
July auto sales (released today and charted below) remained weak and should trigger a few recession forecasts. In fact, over the past few months we’ve read about half a dozen commentaries linking the recent plunge in auto sales to an imminent recession. And we understand the reasoning, but we’ve yet to buy into it.
As part of the Treasury's Q3 refunding announcement, which as discussed earlier sent 30Y yields to session lows after it failed to either boost upcoming debt issuance or mention ultra-long dated bonds, the Treasury Borrowing Advisory Committee or TBAC, a select group of bankers from Wall Street's biggest firms tasked with providing periodic guidance to the Treasury, released its latest presentation, whose topic this quarter was "Normalization of SOMA Portfolio", or a breakdown of i) how Wall Street expects the Fed's balance sheet reduction will play out from a chronological and structural b