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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: September 8, 2021
WHO: COVID-19 “here to stay”
The World Health Organization acknowledged yesterday that the world had missed the opportunity to eradicate COVID-19 as the virus continues to spread and mutate: “We had a chance in the beginning of this pandemic,” Maria Van Kerkhove, the WHO’s technical … Continue reading
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El Salvador’s Bitcoin experiment
Being paid in highly volatile digital currencies that are pumped and dumped by speculators hourly, is a risk that workers cannot afford. After rebounding nearly 75% since July, Bitcoin fell 10% in an hour yesterday and the Bloomberg Galaxy Crypto … Continue reading
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