Been waiting years to tweet this..
“In bear markets, stocks return to their rightful owners.”
– J.P. Morgan
— Ian Cassel (@iancassel) March 6, 2020
JPM F&L
*Early signs of credit and funding stress
*If these shifts in credit and funding markets are sustained over the coming weeks and months, especially in the issuance space, credit channels might start amplifying the economic fallout from the COVID-19 crisisPg 1-4 pic.twitter.com/LId0PUCxl1
— Alex (@Alex10050409) March 7, 2020
“Yields plunging” headlines abound. Some yields are. But some are going the other way! And it’s the ones going the other way that matter! Does it matter if Fed Funds are at 0.0 or 0.5? No! Does it matter if credit gets downgraded and junk borrowers default? Yes!
— Jeffrey Gundlach (@TruthGundlach) March 7, 2020
Coronavirus hits US rail volumes https://t.co/UvUZsgwZky via @financialtimes Two of the most thought provoking people I know are quoted in this article – Peggy Dorf & Noel Perry. @LoadBoards
— Donald Broughton (@BroughtonDonald) March 7, 2020
Bears are not as bearish as they were in December 2018 and August 2019.
When perma-bears start sharing Long setups, that's your major red flag right there! pic.twitter.com/AeXUIrboQF
— Yuriy Matso (@yuriymatso) March 6, 2020
Damn, chill @business pic.twitter.com/VkecVj2xnA
— THE LONG VIEW ⚫️ (@HayekAndKeynes) March 6, 2020