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Credit suisse ($CS) - csgn - will restructure and convincing investors they won’t go insolvent but rumors were around alll weekend
Bank ceo sent memo that reminded people of Lehman - there’s no real evidence though - oct 27 they will release earnings which may indicate issues with the bank - archegos and other hedge fund collapses may be an issue with ongoing losses - experts think there will be a bail out or some type of bail out - probably Swiss govt
Us fed does do their stress test on it and it passed a few months ago
It’s down 61% ytd and trading well below book value if you want to gamble that the rumors are overblown
Opec may cut by 1 million barrels a day wed - congress is threatening saudis with not selling planes and parts to them if they cut
This was telegraphed last week so the up move in this isn’t shocking wt all
$Coin over the weekend has some issues with people buying and selling
Great article from josh brown about the excess capital created that I posted on Twitter - it was posted in my high net worth group that I’m a member of called long angle
$TSLA missed deliveries and elon says it’s the way they deliver but it’s touching that gap I talked about
Kim kardashian has been charged and settled a charge by the sec in relation to promoting a coin …. Be careful with crypto … she hyped the coin and didn’t disclose that she was paid for that … interesting she posted hashtag ad on it but the law in the 1930s said they have to say how much they got paid
$Dvn $Oxy above $60
Viper $Vnmn - almost at $30
$Uco up 10%
$Boil still down
SCANS
$CVX
$GS
$INTC
$UNH
$AMD
$DKNG