What’s the tipping point for when bankruptcies become systemic, and failures create a cascading effect of tripping other companies into insolvency? The roster of bankruptcies is quickly getting longer, but these are still the weaker, over-leveraged hands.
— Lisa Abramowicz (@lisaabramowicz1) May 5, 2020
Potential fallen angels have risen to a record high, according to Moody’s, via @SoberLook pic.twitter.com/DYiUjD1YSL
— Lisa Abramowicz (@lisaabramowicz1) May 4, 2020
Gold’s Gym files for bankruptcy. The owner of the New York Sports Clubs chain is considering a similar move, Bloomberg reported last month. https://t.co/9ADAQdLBqm
— Lisa Abramowicz (@lisaabramowicz1) May 4, 2020
🔴🟢Smart vs Dumb Money: Rising Dumb $$ Confidence @AlessioUrban @EconGlobal @TradersCom @paibad @LordPolemos @rsroc2 @MI_Investments @SpeculaThor @bocajoes @trading24h @Rafael60980545 @tey_west @XRP_589_Theunis @2020ninewaves @wheeliedealer @ChileBitcoin @fxatpar @juanjoseblesa pic.twitter.com/VFNBTUbMQd
— Antonio Pérez Algás (@apanalis) May 5, 2020
Consumer confidence, spending and job#Economy #job #GDP https://t.co/RbnlEwcWdT pic.twitter.com/VEZWQS608U
— Mo Hossain (@MoHossain) May 4, 2020
United States: ISM manufacturing index falls to lowest level in 11 years in April https://t.co/B4tJZJWZVu
— FocusEconomics (@FocusEconomics) May 5, 2020
US financial conditions are much tighter than the Goldman Sachs Financial Conditions Index leads you to believe. On my estimate, US high yield spreads should be trading closer to 16%, so roughly 8% higher! Credit spreads remain far too tight for this cycle stage. #CyclesMatter pic.twitter.com/nmhQXhPUcX
— Julien Bittel, CFA (@BittelJulien) May 5, 2020