Is EIA Data Disguising A Disastrous Decline In US Shale?

Is EIA Data Disguising A Disastrous Decline In US Shale? Tyler Durden Thu, 05/14/2020 – 11:35 Authored by Nick Cunningham via OilPrice.com, The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is “stability” in the oil market, and that economic activity will “explode” on the other side of the pandemic. Thanks to the leadership of President @realDonaldTrump, the transition to greatness is well underway, and our economy along with our U.S. energy companies are going to see massive gains on[…]

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“A Crucial Session For Stocks” – Nasdaq 15-DMA Breach Signals Imminent Breakdown

“A Crucial Session For Stocks” – Nasdaq 15-DMA Breach Signals Imminent Breakdown Tyler Durden Thu, 05/14/2020 – 11:20 According to Saxo Bank’s head of equity strategy Peter Garnry, equities are facing a “crucial session” due the last two sessions seeing a significant change in sentiment. It started on Tuesday with CDC Director Fauci’s testimony to the US Senate that a too early reopening of the economy could cause more deaths and economic fallout. Then yesterday Fed president Powell said that negative interest rates were off the table which was a clear divergence against market expectations that are pricing negative a Fed Funds Rate. The[…]

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China Slams US As “Perpetrator Of Largest Cyber-Theft Worldwide” As FBI Issues ‘High Alert’ For Virus Data Hacks

China Slams US As “Perpetrator Of Largest Cyber-Theft Worldwide” As FBI Issues ‘High Alert’ For Virus Data Hacks Tyler Durden Thu, 05/14/2020 – 11:00 US federal agencies say they are on high alert for cyberattacks out of China targeting health research and pharmaceutical companies in efforts to steal coveted and valuable coronavirus data and possible breakthrough solutions to the pandemic, such as vaccines and experimental treatments. The Department of Homeland Security and the FBI further have issued a “public service announcement” of what they called a “significant threat”, saying health research sectors “working on a COVID-19 response should all be aware[…]

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How Much Bad News Is Priced Into The Market?

How Much Bad News Is Priced Into The Market? Tyler Durden Thu, 05/14/2020 – 10:45 Authored by Michael Msika, macro commentator at Bloomberg We’re starting to get a glimpse of the scale of the economic damage wrought by the pandemic. Data yesterday that showed the U.K. plunging into recession in March begged the question: how much worse was April, when the lockdown was in place throughout the month? GDP reports for the euro-area and Germany due tomorrow will offer more clues on the extent of the bleakness, and whether or not it’s priced in already by equities. European stocks have[…]

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“No More Mr.Nice Guy” – Trump Urges Senate To Call Obama To Testify

“No More Mr.Nice Guy” – Trump Urges Senate To Call Obama To Testify Tyler Durden Thu, 05/14/2020 – 10:32 After the unmasking of the unmaskers (including Biden), ObamaGate  is growing… And President Trump clearly won’t let it go (and why should he after three years of utter bullshit)… If I were a Senator or Congressman, the first person I would call to testify about the biggest political crime and scandal in the history of the USA, by FAR, is former President Obama. He knew EVERYTHING. Do it @LindseyGrahamSC, just do it. No more Mr. Nice Guy. No more talk! —[…]

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No Slacking: As Employers Keep Watchful Eye On Remote Workers, Trump Admin Roots Out Unemployment Fraud

No Slacking: As Employers Keep Watchful Eye On Remote Workers, Trump Admin Roots Out Unemployment Fraud Tyler Durden Thu, 05/14/2020 – 10:21 With record numbers of people working from home during the pandemic, employers are using sophisticated software to remotely monitor their employees‘ productivity. Companies such as ActivTrak, Teramind, Hubstaff and Time Doctor provide bosses with a “dashboard” which provides data on individual workers – including their screen time, mouse activity, desktop screenshots, and even their physical location via GPS, according to the CBC.  According to the report, Austin, TX-based ActivTrak has seen a spike in customer inquiries, while Miami-based[…]

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“‘Bots Are Clearly In Control Of This Market…”

“‘Bots Are Clearly In Control Of This Market…” Tyler Durden Thu, 05/14/2020 – 10:07 Via Global Macro Monitor, Traders and ‘bots are clearly in control of this market… We are fairly convicted the 50% Fibo won’t hold… Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. – Investopedia As Albert Edwards recently notes, many[…]

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Watch Live: ‘Whistleblowing’ Vaccine Expert Rick Bright Testifies To House

Watch Live: ‘Whistleblowing’ Vaccine Expert Rick Bright Testifies To House Tyler Durden Thu, 05/14/2020 – 09:55 Rick Bright, the top federal vaccine official who claims he was ousted from his position for speaking out, is expected to criticize the administration’s response to the COVID-19 pandemic and warn of dark days to come during a House hearing on Thursday. Bright will publicly advise the federal government to ramp up its response, a week after filing a whistleblower complaint alleging he was fired from his job leading the Biomedical Advanced Research and Development Authority (BARDA) for opposing the use of hydrochloroquine (which[…]

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“We Could Cut Off The Whole Relationship” – War Of Words Between Trump And Beijing Is Heating Up

“We Could Cut Off The Whole Relationship” – War Of Words Between Trump And Beijing Is Heating Up Tyler Durden Thu, 05/14/2020 – 09:40 A solid chunk of President Trump’s latest sit-down interview with one of his favorite reporters – the OG “money honey” Maria Bartiromo – was devoted to the president’s latest belligerent musings about China, the latest in an escalating tit for tat as at least one hedge fund titan subtly warns that ‘World War III’ between the US and China might be a tail-risk worth hedging against. Asked about the US-China bilateral relationship, Trump replied “we could[…]

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Rabobank: A Broad US Dollar Shortage Would Erupt If There Is A New Trade War With China

Rabobank: A Broad US Dollar Shortage Would Erupt If There Is A New Trade War With China Tyler Durden Thu, 05/14/2020 – 09:20 Submitted by Michael Every of Rabobank Hand A, Hand B, Handout Yesterday saw Fed Chair Powell in the spotlight, and he had a few key things to say. First, things are looking grim for the economy. Rather than merely cheer-leading that H2 and 2021 were going to see a V-shaped US recovery he stated “the path ahead is both highly uncertain and subject to significant downside risks.” The UN would agree, with what looks like a vast[…]

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