The CARES Act and sentiment

by Toothlesskinch Tl;dr – The stimulus package is a failure, re-opening the economy is going to cause it to crash, bulls on parade until mid May but fair chance Lorek Byrnison is our next president. It’s the weekend so I’m going to take the time to share some real life insight into what is happening … Read more

Why Friday was likely the top for now.

by TessTickols My attempt at analysing the SPY chart after last week (AKA Crayon drawings): https://www.tradingview.com/chart/SPY/MLMq5QLn-Bear-market-rally-finally-reversing/ The rally from the lows (likely initiated by massive shorts covering) has been gaining momentum for a while. This last week it has been losing momentum, and the last gap up on low volume looks extremely weak. Every indicator … Read more

U, W, V, or L ??

https://twitter.com/WallStJesus/status/1251668167627280385 [Thread] 👇 After one month of coronavirus lockdown, more than 50% of Los Angeles is now unemployed. Follow along for live updates on the latest #coronavirus news around the globe.https://t.co/lMHXVn84ka — Win Smart, CFA (@WinfieldSmart) April 18, 2020 Who's next? Will be a plethora of companies going bankrupt ever so shortly. 90% of companies … Read more

The Real Reason Russia Teamed up with China…Here’s What Comes Next for American Preeminence and the Dollar

Via International Man Editor’s Note: Vladimir Pozner is Russia’s most influential political TV talk-show host, journalist and broadcaster. Pozner has hosted several shows on Russian television, where he has interviewed famous figures such as Hillary Clinton, Alain Delon, President Dimitri Medvedev and Sting. Pozner has appeared on a wide range of networks, including NBC, CBS, … Read more

Some Of This Is About Insufficient Contagion Control, And Some Of It Is About Density And Inadequate Medical Infrastructure:

New wave of infections threatens to collapse Japan hospitals. Hospitals in Japan are increasingly turning away sick people as the country struggles with surging coronavirus infections and its emergency medical system collapses. In one recent case, an ambulance carrying a man with a fever and difficulty breathing was rejected by 80 hospitals and forced to … Read more

The largest US bank is quietly shutting down ahead of a historic defaul shitstorm that is about to hit the US.

via Zerohedge: Earlier this week, JPMorgan reported that its loan loss provision surged five fold to over $8.2 billion for the first quarter, the biggest quarterly increase since the financial crisis (even if its total reserve for losses is still a fraction of what it was during the 2008-2009 crash). And while Jamie Dimon was … Read more

The Miami Beach Convention Center is completely turned into a Hospital!

The Army Corps of Engineers has just completed turning the Miami Beach Convention Center into a Field Hospital after the curve has flattened and handed it over to the NG. Anyone think it is strange they completed this so late in the game? Or is it for when the food runs out? https://www.remiamibeach.com/citywide/miami-beach-convention-center-lease-for-temporary-hospital-includes-a-reduced-rental-rate-sanitization-requirements/   One … Read more

Berkshire will shut some businesses, stay cautious in coronavirus ‘typhoon,’ Munger tells WSJ

https://finance.yahoo.com/news/berkshire-shut-businesses-stay-cautious-184551618.html (Reuters) – Warren Buffett’s Berkshire Hathaway Inc <BRKa.N> will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday. “We’re like the captain of a ship when the worst typhoon that’s ever happened comes,” the 96-year-old … Read more

The Fed Just Put Gold in this Win-Win Situation

Photo by Flickr.com | CC BY | Photoshopped   From Birch Gold Group Since March 23, the Fed’s balance sheet has soared like no other time in history, shooting up to more than $6 trillion. This is thanks to the “extensive new measures” that Chairman Jerome Powell decided to deploy, as a monetary moon shot intended to avoid severe economic disruptions. You can see the … Read more

Is Stock Rally Getting Too Thin?

by Dana Lyons This furious stock rally has recently been accompanied by signs of historically poor participation. When judging the quality and potential sustainability of a risk-on rally, we like to see participation by a broad number of stocks in the market. As such, the prospects for the current stock market rally may be less than … Read more