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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (162848)	9/23/2020 12:33:48 AM
From: TobagoJack	Respond to of 218474

good news there would be plenty of (self-serving, but for the greater-good) guidance going forward bloomberg.com Carson Block Launches Internet TV Channel for Short Selling Abhishek Vishnoi 23 September 2020, 09:55 GMT+8 Carson Block Photographer: Anthony Kwan/Bloomberg LISTEN TO ARTICLE 1:11 Carson Block, a short-seller famous for mounting attacks on Chinese companies, is launching an internet video channel to share ideas on his short calls and the research behind them. The strategy needs to be explained in detail so that investors can protect themselves and make informed decisions, the founder of Muddy Waters Research said in a promotional video for the new channel called Zer0es TV. Block added that a 280-character tweet and small interactions on traditional TV channels are not enough to explain the issues with a target. “This is the information that nobody else in the marketplace has any incentive to give you, except for activist short sellers,” he said in the same video. Since 2019, Muddy Waters has issued reports criticizing accounting practices or corporate governance and taken a short position in shares of companies including China’s Luckin Coffee Inc., Japan’s biotech stock PeptiDream Inc. and London-listed hospital operator NMC Health Plc. Earlier this year, Block said the U.S. should be willing to drop Chinese listings in the nation’s stock market and ask for tighter audits of China-based firms. Muddy Waters has more than 167,000 followers on Twitter. (Adds Block’s previous calls from third paragraph) Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: carranza2 who wrote (162848)	9/23/2020 6:03:37 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218474

Just in ... Maybe time to do bad things to the bears Capacity expansion plans to support 20 mn vehicles in the long-termTesla stressed the importance of increasing battery capacity at the industry level to support clean transportation, and the company estimates that this would require about 20 terawatt hours per year (with about half for all the vehicles on the road, and half for storage). To help meet this demand, Tesla announced that it will be manufacturing its own battery cells, in addition to continuing sourcing battery cells from existing suppliers such as Panasonic, LG Chem and CATL. The company believes that with its own cells it can achieve 100 gigawatt hours of capacity in 2022, and 3 terawatt hours by 2030.Tesla talked about a long-term target of 20 mn vehicles per year. Recall that 500K vehicles equates to about 35 GWh of capacity, so 1.5-2 TWh could likely support Tesla’s 20 mn target. Tesla commented that it would be open to providing cells to other OEMs but also that Tesla is cell constrained and so this would be difficult to do. We believe this is consistent with our expectation that this will not be a material driver of its business for at least the near to intermediate term. Cost reductions at the pack level of about 56% in roughly three years, enabling a $25,000 vehicle

To: carranza2 who wrote (162848)

9/23/2020 7:30:49 AM

From: TobagoJack

Respond to of 218474

On gold price, everyone can name their favorite year-end price, and have a chance of being right

bloomberg.com

Gold May Hit Record Before Year-End on U.S. Election Risk, Citi Warns

Ranjeetha Pakiam
September 23, 2020, 1:44 PM GMT+8

Gold could hit a record before the year-end, aided in part by the risks surrounding the U.S. presidential election, according to Citigroup Inc.

Uncertainty over the contest and delays about the outcome may “be under-appreciated by precious metals markets,” analysts including Aakash Doshi said in a quarterly commodities outlook. The bank’s forecast implies a surge of more than $200 for bullion futures from current levels.

Gold rallied to an all-time high last month as investors sought havens amid the coronavirus pandemic, but prices have slipped back since then. Citi’s outlook reflects rising investor concern about the battle for the White House that pits incumbent Donald Trump against challenger Joe Biden. The already complex race has acquired added tension with Trump’s plan to speedily replace the late Justice Ruth Bader Ginsburg on the U.S. Supreme Court.

The election “could be an extraordinary catalyst for gold flat price and volatility skew late in the fourth quarter, even though historically there is no clear pattern for gold trading or price volatility into and after U.S. elections,” Citi said,. “That is one reason why we expect gold prices to hit fresh records before year-end.”

Futures traded at $1,894.20 an ounce on the Comex at 12:36 p.m. in Singapore, with prices losing ground this week on a rising dollar. Most-active prices set a record $2,089.20 on Aug. 7. In addition to the election, Citi is very positive on gold amid low interest rates, saying it’s in the middle of a bull cycle.

Election day is Nov. 3.

Related coverage:

Trump Court Plan Quickens With Pick Due Saturday, Path to Vote Choose Your Election Ending: What’s Worst That Could Happen? What Could Still Go Wrong With Mail-In Ballots and Election Day Biden’s Chances of Winning Rise to 77.4%: FiveThirtyEight

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE

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To: carranza2 who wrote (162848)	9/23/2020 12:31:14 PM
From: TobagoJack	Respond to of 218474

TSLA order of battle ... Closed long calls Added to short calls Now we know it is safe to short at the 700 / 800 level for November battle, but not so at the 500 level. Should TSLA bounce, intend to add short at the 600 level. This is thrillingly fun as computer games go. In the meantime, can be posited that Elon is a Team China agent representing a Team China company. Speculation, that should TikTok the toy be shutdown then enough possible consequences and none particularly good for the Nasdaq, per breaking up is hard to do bloomberg.com Tesla Sues to Block Trump Tariffs on Imports From China Bob Van Voris September 23, 2020, 10:56 PM GMT+8 :56 Tesla Inc. sued to block the Trump Administration from collecting tariffs on parts the electric car maker imports from China. Tesla filed suit Monday in the U.S. Court of International Trade in New York, seeking an order declaring the duties unlawful and a refund, with interest, of amounts it has already paid. The company is challenging actions by U.S. Trade Representative Robert Lighthizer, who is named as a defendant in the case. Lighthizer’s office last year denied Tesla’s bid to avoid tariffs of 25% on the Chinese-made computer and display screens it uses in its Model 3 electric car. At the time, Tesla complained the increased costs imposed by the tariffs would cause it economic harm. Read More: Trump’s Escalation of China Trade War Draws Wave of Lawsuits The case is Tesla Inc. v. U.S., 20-03142, U.S. Court of International Trade (New York).

To: carranza2 who wrote (162848)	9/23/2020 6:55:20 PM
From: TobagoJack	Respond to of 218474

the system of cloud-ATM is changing unclear whether for the better or worse; at least just changing zerohedge.com Citigroup Shutters Retail Options Market-Making After Losing War Against HFTsAnyone following market dynamics in recent months would have been left with the impression that whereas other securities may have had a rather somnolent third quarter, option market makers would be printing cash hand over fist, thanks mostly to the recent boom in retail call option buying, which as shown in the chart below, has seen nearly a doubling in option trading volumes in the past few months and hitting a record 18.4 million in August. But while that may be true for Citadel, Wolverine, Susquehanna, Simplex and Optiver and various other HFT-hybrids which dominate retail option trading as their generous payments for Robinhood orderflow demonstrate... ... it is not the case for Citigroup, which as the FT reports overnight, has shuttered its market making business in retail options "in a move that underscores how the boom in zero-commission trading has squeezed the profitability of the industry’s middlemen" despite the unprecedented surge in option trading. Citing three sources, the FT reports that Citi closed the business - which serves retail broker-dealers such as Charles Schwab and Fidelity - at the start of last month. At the same time, Citi maintained its market making operations for institutional investors and high-net-worth customers, who still pay commissions. The stated reason for the pullout is that Citi was unable to compete in a technology arms race to be among the fastest and most reliable venues on Wall Street, which is to be expected when Citi's competition was pureplay HFT firms. “Citi does periodic reviews of its business lines,” the company said. “As part of its review of derivatives it was determined to exit the servicing of broker dealers for option executions. The resources are better redeployed to serve clients in other areas of our equities division.” Following the withdrawal of Citi from retail options market making, only Morgan Stanley will remain as a major Wall Street bank in the business, which is dominated by such HFTs-in-market-makers-clothing as Citadel Securities, Susquehanna, Simplex Trading and Optiver. Incidentally, options trading is likely a loss-leader for Morgan Stanley as well, which remains in the business mostly because of its large wealth management offering and the sizeable amount of options orders generated by E*Trade, one of the big online retail trading platforms the bank acquired earlier this year. Ultimately, Citi's downfall is due to its inability to chase market share amid a free-for-all targeting retail investors that has erupted among online brokers such as Charles Schwab, ETrade, Interactive Brokers and Robinhood. To remain competitive, brokers have offered low-cost, or sometimes zero-fee trading to entice retail investors, which in turn have collapsed profits of the market makers. The demise of Citi's retail option business should not come as a surprise in a market where HFTs have unleashed unprecedented cannibalization among legacy participants and new market entrants. As the FT notes, the retreat of the Wall Street banks from retail options market making mirrors the way hyper-fast computerised traders have loosened the banks’ hold on the equities market. HFT firms such as Citadel Securities and Virtu have "elbowed" the banks aside to grab the largest slices of the US retail share trading market. Ironically, in 2016 Citigroup sold its automated market making operation for equities to Citadel, sparking an unprecedented ascent for the Chicago-based broker and making Ken Griffen one of the richest people on Wall Street.

To: carranza2 who wrote (162848)	9/24/2020 5:26:02 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218474

signs & signals - BP bloomberg.com BP Drops to 25-Year Low a Week After Unveiling Climate Strategy Laura Hurst 25 September 2020, 01:24 GMT+8 Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low. Chief Executive Officer Bernard Looney and his new management team gave more than 10 hours of presentations over three days last week, in a bid to show the world that the oil and gas giant could adapt to a low-carbon future without sacrificing returns. BP’s stock closed in London on Thursday at 232.4 pence, the lowest level since October 1995. While falling crude prices and fears of the second wave of the coronavirus didn’t help, the slide suggests shareholders weren’t convinced by Looney’s pitch. “Investors remain skeptical,” said Mirza Baig, Global Head of Governance at Aviva Investors. “Particularly as this move is being forced on the company by climate change.” Looney took over as CEO in February, but the so-called “BP Week” this month was his big moment, designed to put flesh on the bones of a bold plan to become a “net-zero” energy company by 2050. It was also an opportunity to persuade shareholders to stick with BP after the company slashed its dividend by half in August. “What investors are looking for with companies, when they announce big strategic changes of direction of any sort, is compelling answers to three questions: The what, the why and the how?” said Nick Stansbury, a fund manager at Legal & General Group Plc. Maintaining ReturnsAt the heart of BP’s reinvention is a reduction in oil and gas production and simultaneous growth in its renewables business. Looney promised investors he could do this while delivering returns of 8% to 10%. That’s not as high as the double-digit returns oil developments can sometimes bring in, but greater than many clean-energy projects. Looney said BP’s experience, integration, low borrowing costs and trading prowess, but the market is likely to remain skeptical until such returns can be demonstrated in practice, analysts at Redburn wrote in a research note. “BP’s challenge lies in the building up of its skill set in renewable energy solutions and a competitive advantage in its chosen areas that allows investors to believe they can deliver attractive financial returns from the capital allocated,” said Aviva’s Baig, who strongly supported the company’s net-zero ambition. Getting BP into a position where it can deliver profits from large-scale renewable energy projects will require lots of upfront spending. The company made a $1.1 billion splash in offshore wind earlier this month, buying a stake in developments owned by fellow oil giant Equinor ASA. The near-term milestones laid out last week suggests that more deals will follow. “For BP to meet its low-carbon target of 50 gigawatts of renewable generation capacity by 2030, considerable growth is required over the coming years,” said Stuart Lamont, an investment manager at Brewin Dolphin Holdings Plc. “This will require discipline from the company, ensuring a delicate balance between working toward decarbonization targets while achieving attractive returns for shareholders.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE

To: carranza2 who wrote (162848)	9/25/2020 1:50:51 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218474

Re Message 32949524 <<McHugh's>> an interview that you might like ... Listen to Radio Host Dennis Tubbergen's latest interview with Dr. Robert McHugh. Simply click on the following link, or enter into your internet browser: https://retirementlifestyleadvocates.com/podcast/episode/2020-09-13-retirement-lifestyle-advocates-radio-w-dr-robert-mchugh "We are now in Socialism". Socialism and government intervention means shortages and higher prices. They're actually making inflation much higher than it has to be, and they're not being honest about the consumer price index numbers, the wholesale price index numbers. These are the comments from this week's guest, Dr. Robert McHugh, on Retirement Lifestyle Advocates Radio. Your host, Dennis Tubbergen, discusses this and how government manipulation in the markets is driving deeper into a Socialistic economy where people depend on the government for everything. Robert McHugh, Ph.D. is President and Chief Executive Officer of Main Line Investors, Inc., and the proprietor of the Technical Indicator Index. He has testified before the U.S. Congress on Federal Reserve matters and is the author of "The Coming Economic Ice Age, Five Critical Steps to Survive and Prosper". For information about Dr. Robert McHugh, please visit his website at www.technicalindicatorindex.com, or visit http://bit.ly/TheComingEconomicIceAge to get a copy of his best-selling book "The Coming Economic Ice Age". Also, check out the latest book by Dennis Tubbergen: *"Revenue Sourcing: The Retirement Planning Strategy for the Post-Pandemic Economy"* Available at amazon.com