You know things are bad when the Nasdaq is at 10,000 and the Fed feels compelled to do more and has to indicate zero rates until 2022.
Between these 2 narratives there is a truth which has yet to reveal itself.
— Sven Henrich (@NorthmanTrader) June 11, 2020
The old pump and dump.
Never fails. pic.twitter.com/Lui3mPrYt1— Sven Henrich (@NorthmanTrader) June 11, 2020
A resurgence of the pandemic later this year would dampen the partial recovery that is expected to take place in 2021, says OECD t.co/MqPKHfDeaj
— Real Time Economics (@WSJecon) June 11, 2020
Not just renters! t.co/MPiEnySBHM
— Liquidity Trader (@Lee_Adler) June 11, 2020
The U.S. high yield default rate is poised to reach 5% in June for the first time since July 2016, up from 4.6% at May 31, driven by energy defaults: Fitch Ratings. The energy trailing 12-month default rate stands at 11.1%, could reach 14% by June 30 and finish the year at 17%.
— Lisa Abramowicz (@lisaabramowicz1) June 11, 2020