“The current crisis is more complex than the 2008 GFC”.
Category: Markets
‘Serious Problems’
Simply put: The economic, market, and societal cross currents are strong right now.
‘We Need To Re-Evaluate Our Understanding Of Volatility’: The Babadook Revisited
To be sure, we had ample warning.
Deep In The Heart Of Texas
“…driven by certain types of activities, including Texans congregating in bars”.
Will A Still Elevated Personal Savings Rate Undercut The Next Virus Relief Bill?
Friday’s data is mostly indecipherable, but there are some takeaways.
Inflow Bonanza Rolls On For Blue-Chip Credit, But Junk Funds See First Outflow Since March
The Powell pledge continues to embolden the market.
As Senate Turns Screws On China, Trump ‘Prods’ US Tech To Buy Ericsson, Nokia In Huawei Battle
“Administration officials have talked about inserting the federal government deep into the private sector”…
Texas Freezes Reopening Push As Houston Faces ‘Apocalyptic’ July 4th
“We can’t go there”.
World Trade Just Collapsed An Epic 16%
Up in smoke.
Jobless Claims Miss Again As Labor Market Outlook Still Murky
This makes two weeks in a row.
‘At Least It’s Moving’: That About Sums It Up For US Economy
So, we’ve got that going for us.
‘Now That’s How It Was Supposed To Go!’ Nomura’s McElligott Talks Selloff, Sees ‘Rally Looking Out’
“The ‘trade up into-, trade down out of-‘ the June serial options expiration phenomenon [is] finally kicking in”.
Insult To Injury.
Market participants are exhausted with COVID-19.
‘I Can’t Even Begin To Guess Where Prices Will Be’: Oil Has A Virus Problem
“Banks are completely unprepared for what is heading their way”.
‘Days Like This’: Coronavirus News Takes Decisive Turn For The Worse
Cue The Shirelles.
IMF Delivers Dour New Economic Projections. Says This Is ‘Crisis Like No Other’
“The recent rebound in financial market sentiment appears disconnected from shifts in underlying economic prospects”.
Albert Edwards: ‘This Is Exactly What The Ice Age End-Game Always Was’
“The veil is finally being lifted”.
Summer Gin And Tonics At Risk As Tariff Man Makes A Stealth Comeback
Now that’s a potential tragedy.
No Kidding. No Entry. No Bears.
At least America has something going for it.
Just Send The Checks.
“You know what they say”…
US Economy ‘Deeply Scarred,’ As PMIs Show Tepid, Albeit Readily Perceptible, Recovery
“Continual vigilance by the Fed… will therefore be required”.
Nomura’s McElligott: ‘One Very Significant Source’ Of US Equities Buying Started A Daisy Chain
“…we might have triggered a ‘buyers are higher’ dynamic”.
Close Encounters.
“A taste of things to come”.
Europe ‘No Longer Collapsing,’ Useless Data Shows
“…a sense of relief that a sharp rebound is possible but at the same time caution against too much optimism”.
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