There have only been two other periods characterized by these kinds of wild swings: The GFC and the Depression.
Category: Markets
It Could Get Worse
Platitudes.
Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score
And they’ll do more, if necessary.
QE Has Returned. And The Risk Parity Kraken Has Been Unleashed.
The drama continues.
Schizophrenia: Asia’s Wild Friday Ride
“Markets are schizophrenic at the best of times these days”.
Fed Brings Out Bazooka. Announces Massive Repos, Expands Asset Purchases Beyond Bills
“These changes are being made to address highly unusual disruptions in Treasury financing”.
The Treasury Market Is Broken. ETFs Are Cracking. Risk Parity’s ‘Footprints’ Have Been Spotted.
“USTs are a ‘broken market’”, Nomura’s Charlie McElligott writes, in a Thursday note recapping some
Fed Injects Nearly $200 Billion To Fend Off ‘Cash Crunch’ As US Stocks Halted Limit-Down
It was the second time this week that US equities have been halted after the cash open.
ECB Expands QE By €120 Billion, Announces New Liquidity Measures, Relaxes Capital Ratios, Leaves Rates Unchanged
Lagarde is credible. It’s just not clear whether she’s credible as a central banker. We’re about to find out.
Albert Edwards: ‘These Are Dangerous Times Indeed’
It will not surprise you to learn that Edwards doesn’t think stocks are “cheap” after rout.
Dislocations, Dysfunction And Diversification Desperation
“This is not a normal functioning market”.
It’s Official: We’ve Got A Bear Market And A Pandemic
“I’ve made some decisions”.
ISM And The COVID Conundrum
The results were… well, not particularly inspiring.
The Most Irrelevant CPI Report In History?
Things have changed.
Promises, Promises
Still nebulous.
‘Do We Need To Wait For Lehman?’: One Bank Calls For Urgent Action To Avert ‘Snowball-Earth’ Scenario
Suffice to say some folks are concerned – palpably.
After The Crash, Nomura’s Charlie McElligott Looks Ahead
“Peak calamity”. Now what?
(Price) War Is Hell.
 “Welcome to the free market”.
S&P Futures Limit-Up In ‘Classic Bear Market Rally’ As Stimulus Hopes Abound
“In our view this is a classic bear market rally”.
Trump, Staring At Recession, Tips Payroll Tax Cut, ‘Dramatic’ Measures. Kelton Says ‘Run MUCH Bigger Deficits’
“I will be here tomorrow afternoon to let you know.”
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