Morgan Stanley sold $5B in Archegos positions on March 25, CNBC says 17:38 MS Right before the Archegos Capital story came into public view late last month, Morgan Stanley, the fund's largest prime broker, quietly sold off some of its risky positions to hedge funds, CNBC's Hugh Son reports, citing people with knowledge of the trades.
The bank sold roughly $5B in shares from Archegos' failing bets on U.S. media and Chinese tech names to a small group of hedge funds on March 25, the author says, citing the people.
These type events are never one offs. Which Hedge Funds now are in trouble if any and what will they sell to get right? Japan is now looking at their Banks who was involved there?
Our correction date of April 14th is in keeping with news that may emerge about further dislocation in the financial industry. I believe somehow Crypto is involved. You will notice the great decline in Crypto has begun.
Is their some relationship between Crypto and the stocks received and or sold or held by this radical risky trader? Did he try to make even more money by dumping into Crypto... I can't prove it but I am on Red Alert!!!!
Optinose transferred with an Outperform at RBC Capital 16:56 OPTN RBC Capital transferred coverage of Optinose to analyst Daniel Busby, also keeping an Outperform rating and $17 price target on the stock.
This stock Optinose is one of those I dug out of some smarty pans over thinking quant laden set up when they specialize is down and out nothings... It sounded interesting and the guy had a ton of points and power points and reasons and the stk is pretty much a dud. I watch it now and then. This PT is so high for where it is.. Probably worth following this symbol if nothing else and when I get a chance I'm going to do a deeper dive. Probably a good amount of value here.-
U.S. EV incentive
tax credit rumored to rise to $10,000, Electrek says 14:59 TSLA, GM, F, FSR, VWAGY, CCIV While the Biden administration has confirmed that they are planning to reform the government's electric vehicle incentive program, it is currently unclear how the planned $174B investment in electrification will be spent, Electrek's Fred Lambert said in a new report. However, the EV-focused blog author said he is "now hearing that the electric car tax credit could increase to $10,000" from today's $7,500 tax credit on new electric vehicles up to a 200,000-unit limit per manufacturer. <-- Big-
NEW YORK, April 7 (Reuters) - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues.
"I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE (quantitative easing), a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom," Dimon wrote in his annual letter to shareholders published on the bank's website.
"This boom could easily run into 2023 because all the spending could extend well into 2023."
I'd also like to personally apologize to the stonedinvestor for the unusual way we treated him.