https://twitter.com/dynamicvol/status/1259085718611255296
Markets bottom on the worst of bad “economic” news. So far only worst of health news has hit. Bankruptcies, mortgage defaults, declining GDP, lowered corporate earnings guidance, record unemployment rate hasn’t happened
— GabrielD (@gdavidov) May 8, 2020
Was expecting 31.3%!!! BULLISH! https://t.co/vAVynqOmOG
— Live Monitor (@amlivemon) May 9, 2020
Btw, the amount of outstanding US #leveragedloan paper rated triple-C topped $100B in April, thanks in large part to a torrent of credit downgrades. CLOs, of course, have limits on how much CCC debt they want to hold #Covid_19 pic.twitter.com/59WvnGMHic
— Leveraged Loans (@lcdnews) May 9, 2020
3/
NOW: with📉 revenues––and record #’s of these loans mixed together in CDOs the risk of cascade of debt defaults + bankruptcies seems VERY high 📈.
Bulls say: priced in.
Me: The disconnect discounting lasting economic destruction + current capital market recovery confounds-
— Josh Wolfe (@wolfejosh) May 1, 2020
https://twitter.com/realwillmeade/status/1258942603929817089
BlackRock CEO Larry Fink sketched out a grim economic vision on a private call this week: Mass bankruptcies, empty planes, cautious consumers and an increase in the corporate tax rate https://t.co/RzXnJIUpnp
— Win Smart, CFA (@WinfieldSmart) May 7, 2020
Who is unemployed? pic.twitter.com/g0JxB32dOA
— Win Smart, CFA (@WinfieldSmart) May 9, 2020
#recession … #GFC2 US edition https://t.co/GiKBSBy3fN
— Invariant Perspective (@InvariantPersp1) May 9, 2020
Another tragic, historic, column-6 graphic.
(via @TomJolly) pic.twitter.com/EWk6nt3MBm
— Carl Quintanilla (@carlquintanilla) May 9, 2020
NY Fed US Q2 GDP pic.twitter.com/XPn6qaA247
— Win Smart, CFA (@WinfieldSmart) May 9, 2020
You can force a recession, but you can't force a recovery. https://t.co/2eog0C47Sd pic.twitter.com/2HDi9F9cJf
— Economic Cycle Research Institute (ECRI) (@businesscycle) May 9, 2020