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June 24, 2024
Wednesday night, the mondelez sale was for quote, rebalancing as the position crew outsized come paired to other holdings like valeant that dropped in value. That sparked wild speculation about whether he might have gotten a margin call or something else. I reached out to him this morning for comment and to give him the opportunity to set the record straight on the current state of his firm. Ackman telling me we dont use margin leverage. Never have and never will. Others speculated he might be p...
June 21, 2024
Europe. The ecb is driving the euro lower. That means production could help rejuvenate european economies. Amazing amount of bonds being bought. European stocks up. European bonds are up as well. Borrowing cost coming down in spain on the 10year. They are coming down for germany as well. 0. 24 . In the first three days of bond buying, 10 billion euros of bonds were bought. Driving down the euro, driving down borrowing costs. Lets check out the euro. We did see it strengthening yesterday, but it ...