Free agent point guard Jalen Brunson intends to sign a four-year, $104 million deal with the New York Knicks, league sources told Yahoo Sports. Brunson met with the Knicks when free agency opened. The Knicks, long thought to be the frontrunners to land Brunson, ultimately were able to offer Brunson the type of deal he was seeking. The Knicks reportedly created salary-cap space to offer Brunson that deal when they traded center Nerlens Noel and guard Alec Burks to the Detroit Pistons, clearing… Source link
Read More »Celtics guard Derrick White to miss Game 2 against Heat
Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals. (Stacy Revere/Getty Images) Boston Celtics guard Derrick White will miss Game 2 of the Eastern Conference finals against the Miami Heat on Thursday for personal reasons, the team announced. The Celtics could also be without big man Al Horford, who entered the NBA’s COVID-19 health and safety protocols prior to the series on Tuesday. White’s spouse is expected to give birth to their first child, Celtics coach… Source link
Read More »Michael Burry dumped just about everything in Q3 to guard against the ‘mother of all crashes’ — but he did purchase 3 interesting new holdings
Michael Burry dumped just about everything in Q3 to guard against the ‘mother of all crashes’ — but he did purchase 3 interesting new holdings Hedge fund manager Michael Burry of “The Big Short” fame has been a busy man lately. In addition to his non-stop shadowing (and shading) of Tesla CEO Elon Musk on Twitter, Burry has also been selling off shares. A lot of them. In Q3 of 2021, he reduced his common stock holdings from $137 million to $42 million. That’s because Burry believes the… Source link
Read More »Giant S&P 500 Options Trade Made to Guard Against 20% Swoon
(Bloomberg) — A trader just established a massive hedging position via options to protect a portfolio of stocks in the event that the S&P 500’s losses snowball toward 20% during the fourth quarter. Most Read from Bloomberg The trader Thursday morning bought 45,300 put-spread collars — options cocktails that combine various strike prices in a single strategy — on the S&P 500 for $94 million. The order involved selling calls with a strike price at 4,505 while buying puts exercising at 4,135… Source link
Read More »Treasury Yields’ Grip on Emerging Markets Keeps Traders on Guard
(Bloomberg) — Slowing economic recovery amid a resurgent pandemic is leaving emerging-market currencies vulnerable to a selloff if Treasury yields rise again. While the influence of U.S. borrowing costs on developing-nation currencies has waned in recent months, it may return to prominence for riskier assets as the cushioning effects from China’s growth rebound and low inflation weaken, according to money managers including Fidelity International and Credit Agricole CIB. “A very sharp,… Source link
Read More »Pacers guard, ex-Sixer T.J. McConnell sets insane NBA record in one half
Ex-Sixers fan fave T.J. McConnell sets insane NBA record originally appeared on NBC Sports Philadelphia Former Sixers cult hero and current Indiana Pacers guard T.J. McConnell is known for his pesky style of play and his penchant for forcing turnovers in the backcourt. He’s the guy you love to have on your team and hate to play against. And now he owns a truly wild NBA record. McConnell racked up nine – NINE – steals in the first half of Wednesday night’s game against the Cavaliers, setting a… Source link
Read More »Bucks guard Eric Bledsoe reveals he has coronavirus – Yahoo Sports
[unable to retrieve full-text content]Bucks guard Eric Bledsoe reveals he has coronavirus Yahoo Sports Source link
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