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For decades, there have been two financial systems in America. In one, hedge funds and family offices walk into a prime broker, pledge their equity portfolios, and trade against that value across every asset class — never selling a share, never interrupting their exposure, never handing the taxman a realized gain

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Follow The Money In The Deepening Semis Slump

The argument that this memory cycle is in fact structural is about to be tested by the humdrum: rising mortgage rates, a housing slowdown, credit tightening and a drop off in demand and investment...


Goldman's Asian Desk Explains Today's Crash In Japan

"Investors starting to worry about high bars set for this earnings quarter, esp tech related.... more investors starting to fear that just “good result” is not enough to support the market given high bars set, rather we need “massive positive surprise”. 


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Trump To Attend World Cup Final

“His attendance will cap what has been the most watched, more secure, and most successful World Cup in American history...”