They told us to “look through” it. And so, we did.
Category: Markets
Investors In Risky ‘Pandemic Bonds’ Just Got Wiped Out
You knew the risks, right?
An EM Crisis Is Not ‘Coming’ – It’s Already Here, One Bank Says
“An EM crisis is not an abstract possibility – it is the current reality”.
There Is No Plan. Big-Cap Tech Is A Bubble. And Nomura’s McElligott On Black Swan ‘Size’ Factor Rout
‘Guidelines’, new bubbles, and potential regime changes out of recessions.
Silver Linings In Abundance.
“…it doesn’t pay to rail that traders are getting it wrong if you don’t like how things go.”
China Reports Unprecedented GDP Contraction. And March Activity Data Reveals A Troubling Divergence
It was the first contraction since at least 1992.
Are Emerging Markets ‘The Next Imminent Disaster’ In Pandemic? Marko Kolanovic Answers
The “next shoe to drop”? Maybe not. And here’s why.
‘Opening Up America Again’: Here Are Trump’s Multi-Phase State Guidelines For Lifting Virus Lockdown
The plan is loosely named after the president’s campaign slogan.
A Decade Of Jobs Just Vanished In America’s ‘Induced Coma’. And Steve Mnuchin Has ‘Bridge Liquidity’
“…if the amount of ‘oxygen’ is insufficient, some parts of the economy will suffer irreparable damage.”
Volatility Saved Wall Street In The First Quarter. Now Comes The Hard Part
“…the same negative impacts [but] without the potential benefit of higher client trading activity.”
22 Million In Four Weeks: America’s Jobless Crisis Spirals
Remember: There are real people behind these numbers.
Philly Fed Gets Rocky
The readily apparent malaise notwithstanding, hope floats.
Don’t Trade The Data. And Don’t Do ‘That Dinner Party For 20’
“…sobering economic realities are increasingly driving the moves in asset prices”.
Depressions Used To Mean Something.
“Black & white memories”.
As Banks Provision For Storm, Shoppers Storm Stores For Provisions
Hunkering down, energy exposure and a future without bacon.
‘Black April’ And ‘The Worst Year In The History Of Global Oil Markets’
“…demand in 2020 will fall by 9.3 million barrels a day, erasing almost a decade of growth.”
The Fundamentals Are Sound: Industrial Collapse Edition
The market is supposed to “look through” all of this.
Goldman’s Traders Ride To Rescue, Offsetting Massive Loss In Investment Arm
“I’m firmly convinced that [Goldman] will emerge well-positioned.”
Coronavirus Makes Its Mark On Bank Of America As Loss Provisions, Revolver Draws Surge
“Despite increasing our loan loss reserves, we earned $4 billion this quarter.”
Howard Marks Has Lots To Say About Bailouts And Moral Hazard. So, I’ll Bite.
“Most of us believe in the free-market system as the best allocator of resources.”
Harley Bassman: Fed Now Risks ‘Eroding The Basic Foundation Of Capitalism’
“It is never different this time.”
The Writing Was On The Wall. Pandemic Or No Pandemic, This Recession Was Coming.
“…there have always been shocking triggers behind major economic crises.”
‘Since 9/11’: 93% See Global Recession In BofA Survey As Cash Levels Surge To 20-Year High
Respondents see a “U-shaped” recovery, not a “V-shaped” miracle.Â
You must be logged in to post a comment.