Excerpted from John Hussman's Weekly Market Comment,
For context, John offers a brief history lesson for the goldfish-like memories of Wall-Street-wannabes and head-in-sand home-gamers who have forgotten what it was like in 2000 and 2007...
One month after Tesla stock tumbled when the electric car maker announced that it had missed Wall Street estimates for the second quarter, delivering only 22,000 vehicles instead of the 22,912 expected, moments ago Tesla reported adjusted, non-GAAP Q2 earnings which beat expectations, with an adjusted loss of $1.33, better than the -$1.88 expected, which curiously was identical to the -1.33 loss in Q1.
Authored by Charles Hugh Smith via OfTwoMinds blog,
If our faith in the future and our resilience is near-zero, then we can't take any chances.
You've probably noticed how risk-averse Hollywood has become: the big summer movies are all extensions of existing franchises--mixing up the superheroes in new combinations, or remaking hit films from the past--all safe bets.
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).