“The second wave has arrived; or at least that is the impression one would get”.
Category: Markets
Albert Edwards: ‘The Great Melt’ Is Coming. But ‘Outright Deflation’ Is Here Now
“…there will never be any serious attempt to reverse policy stimulus.”
Hello Darkness, My Old Friend
Another day in reality television.
Household Net Worth Suffers Biggest Drop In History While Business Debt Explodes Most On Record
This is what it looks like when the “wealth effect” slams into reverse.
Rotation Frustration Grips A Suddenly Terrified Market, As Mnuchin Says ‘Can’t Shut The Economy Again’
“Not everything has to be a paradigm shift”.
‘CHAZ’: Seattle’s New Autonomous Zone Shows A Nation ‘Fed’ Up
“Let them eat stocks”.
Jobless Claims Refute ‘V-Shaped Comeback’ Meme
Not exactly indicative of “the greatest comeback in American history”.
‘All The Stars Are Aligned’: One Bank Says S&P May ‘Overshoot 3,500’
“If the Fed is reluctant to go to negative rates, will it prefer to buy equity ETFs?”
As Powell Cures Markets, Mnuchin Demands More Stimulus While Virus Eyes Comeback
“This was a natural disaster. We gotta get them back to work”.
Fed Puts A Floor Under Asset Purchases, Sees Rates At Zero Through 2022
“Tremendous human and economic hardship across the United States and around the world”.
‘Reality Repression’: Markets Witness Biggest Disconnect In Modern History
“Nothing else matters”.
Coronavirus Throws Off Another ‘First Time Ever’ Moment For Economy, As Inflation-Deflation Debate Rages
It’s all noise – until it isn’t anymore.
‘Without Precedent In Living Memory’: Here Is The OECD’s Foreboding 2020 Outlook
“Extraordinary policies will be required to walk the tightrope towards recovery.”
Meanwhile, In The World’s Second Largest Economy…
Factory gate deflation bites.
Jeff Gundlach, Who Shorted The S&P 12% Ago, Predicts Mass White-Collar Layoffs
“I think that they just stare in the mirror in the morning with just fear in their eyes”.
Paul Tudor Jones On ‘Humble Pie,’ The Twilight Zone, And What’s Wrong With America
“Whatever we thought was okay is just simply not good enough”.
The Fed? Robinhood? World Demands Answers For Increasingly Silly Stock Rally
“Our first special question showed a clear consensus for the driver behind the move”.
The Problem With Bonds, According To Morgan Stanley
It’s actually problems – plural.
‘What A 14-Sigma Momentum Crash Looks Like’ (Or, The Culmination Of A Decade-Long ‘Life Versus Death’ Battle)
If you’re wondering where that falls on the “swan” scale…
Will Trump Let Republicans Jeopardize His Reelection By Refusing More Virus Relief?
“…progress on the next fiscal package remains elusive”.
‘From Meltdown To Stock Bubble In A Matter Of Weeks’: Market Marvels At New Mania
At a basic, common sense level, it really is silly.
Scott Minerd ‘Gazes Into Crystal Ball,’ Says Fed May Buy Stocks, Hoard Gold In Severe Crisis
“…this may very well become the policy option of choice in the future”.
Stan Druckenmiller To CNBC: ‘I’ve Made All Of 3% In A 40% Rally’
“I missed a great opportunity here”.
‘Death By 1,000 Axe Wounds’: CTAs Poised To Pile On As Bond Selloff ‘Goes Live,’ Nomura’s McElligott Says
Legacy long position in US rates and duration enters “a very dangerous space”.
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