Taking a Bath

I sold off about half my CVS stake early this morning after seeing their Aetna merger might get reversed by Judge Leon. US District Richard Leon — who warned lawyers at a little-noticed hearing last week that they may want to cancel their summer vacation plans — looks like he is setting the stage to […]

Financial Securities Melt Down, Bitcoin Melts Up

Once again the stock market was down bigly on the ongoing trade war headlines. One of the few asset classes that has not crapped the bed recently is cryptocurrencies, which have rallied hard over the past couple weeks. Are cryptocurrency investors betting on financial conditions getting so bad the Fed has to cut rates? Why […]