Producer Prices Dip In July, Remain Near Record Highs YoY : by Tyler Durden

Producer Prices Dip In July, Remain Near Record Highs YoY After 27 straight monthly increases, Producer Prices dropped in July (-0.5%), notably colder than the +0.2% expected – the biggest drop since April 2020. But on a YoY basis, PPI remains up a shocking 9.8%… […]

Posted on 14 mins ago

A Most Peculiar Recession : by Tyler Durden

A Most Peculiar Recession Authored by Charles Hugh Smith via OfTwoMinds blog, So what are conventional pundits missing today? I would start with three dynamics. Only old people experienced real recessions–those in 1973-74 and 1980-82. Recessions since then have been shorter and less systemic. In the good […]

Posted on 14 mins ago

Futures Storm Higher As Nasdaq Bull Markets Sparks FOMO Chase : by Tyler Durden

Futures Storm Higher As Nasdaq Bull Markets Sparks FOMO Chase US equity futures extended their post-CPI miss gains (for reasons laid out last night by Goldman’s trading desk which sees $13 billion in non-fundamental demand every day and a new round of FOMO by lagging […]

Posted on 14 mins ago

Sanofi, GSK Plummet After Zantac Lawsuit Concerns Wipe Out $40 Billion In Value : by Tyler Durden

Sanofi, GSK Plummet After Zantac Lawsuit Concerns Wipe Out $40 Billion In Value Shares in Sanofi, GSK, and Haleon have lost a combined $40 billion in market cap since Tuesday’s close, amid a flurry of US personal-injury lawsuits claiming that Zantac – a once-popular antacid […]

Posted on 14 mins ago
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