Global Central Bank Update: -Brazil cut rates 75 bps to an all-time low of 3.0%.
Global Central Bank Update:-Brazil cut rates 75 bps to an all-time low of 3.0%. pic.twitter.com/9CIGfzRKw1 — Charlie Bilello (@charliebilello) May 7, 2020
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BANG: Making FANG Look Tame
by jessefelder It was almost exactly 2 years ago that I wrote, “BANG: Why The Gold Miners Could Soon Make FANG Look Tame.” At the time, I argued that the major gold mining stocks (Barrick, Agnico Eagle, Newmont and Goldcorp) …
Should fund managers hedge against another crash? The black swan debate is on…
Should fund managers hedge against another crash? The black swan debate is on… https://t.co/uFMljU2Dxp via @markets — Sam Potter (@SamJPotter) May 6, 2020 The biggest shock in modern market history made black swan insurance the hottest trade of the year. …
It’s definitely losing steam. The declining volume is usually an indication that we are slowly running out of buyers.
by mfunkman Though I wouldn’t discount the possibility that it will break out on some gay fake news pump and suddenly the technicals will look bullish. Honestly not sure why the market hasn’t really reacted to what looks like another …
Are Stocks Pricing In The Recession?
by UPFINA We asked on Twitter whether the stock market was properly pricing in the current recession. 72.8% said ‘no’ and 27.2% said ‘yes’. That was out of 353 voters. The people who said ‘no’ were likely looking at the overall …
Technical Analysis Points To Key Reversal Of Global Markets
by Chris Vermeulen of The Technical Traders Recently, we received a number of email messages and comments regarding our recent Bitcoin article and how we attempted to explain the market trend/technical analysis. It appears we were not making our interpretation very clear for our friends …
Prepare For Hyperinflation & Inevitable Currency Collapse
by Egon von Greyerz Egon von Greyerz interviewed by As Good As Gold Australia With global hyperinflation looming Egon discusses the ramifications of governments’ ongoing debasement of currencies around the world. When financial institutions, bond markets, and derivatives markets come under …
GOLD IS MONEY. ALL ELSE IS CREDIT
Those who says gold is irrelevant and fiat money serves a social purpose should receive their salary in dinars or pesos. GOLD IS MONEY. ALL ELSE IS CREDIT Those who says gold is irrelevant and fiat money serves a social …
Stocks Retreat… Is It Time to Buy… or Time to Sell?
by The Phoenix Stocks rallied hard yesterday, but failed to break above resistance (red line in the chart below). This suggests that the rally is tired and due for consolidation. We have had two similar phases since the markets bottomed on …
Home Prices RISING? Consumer debt hits new record: $14.3 trillion
Why Home Prices Are Rising During the Pandemic While buyer demand has softened and sales fell 8.5% in March, the supply of homes on the market is contracting even faster The economy is shrinking, businesses are closing and jobs are …
Layoffs that just a month ago were labeled “temporary” are now being tagged “indefinite” or “permanent.”
Layoffs that just a month ago were labeled “temporary” are now being tagged “indefinite” or “permanent.” https://t.co/0QKwEOmtuz — Lisa Abramowicz (@lisaabramowicz1) May 6, 2020 Although Covid-19 fatalities in the U.S. haven’t started to trend down yet, economists are beginning to see signs …
Real economy in meltdown! And we have new ATH in valuations! THIS. IS. INSANITY.
Real economy in meltdown! And we have new ATH in valuations! THIS. IS. INSANITY. pic.twitter.com/dNhMHCgtXk — Henrik Zeberg (@HenrikZeberg) May 6, 2020 "This market is divorced from reality,,,there's such a strong bid to this market – particularly in the overnight …
Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed
Luxury retail isn’t what it used to be, from Barcelona to Hong Kong. By Nick Corbishley, for WOLF STREET: In Barcelona, frantic backroom haggling is taking place between some of the world’s biggest luxury retailers and the owners of some of the …
Subprime Auto Loans Blow Up, With 30 Million Unemployed, Even Prime Loans Will Get Messy.
By Wolf Richter for WOLF STREET. “Because consumer debt servicing statements are typically furnished to credit bureaus only once during every statement period, our snapshot of consumer credit reports as of March 31, 2020 is, in effect, largely a pre‑COVID‑19 view of the …
Bankruptcy bonanza….
[AAL] American Airlines’ risk of bankruptcy. U..S. AIRLINES AT RISK OF BANKRUPTCY IF FORCED TO REFUND NON-REFUNDABLE TICKETS OR THOSE CANCELED BY PASSENGERS -A4A TESTIMONY — *Walter Bloomberg (@DeItaone) May 5, 2020 Norwegian Cruise Line says there’s ‘substantial doubt’ about …
Fed’s Clarida Says We’re Living Through The Most Severe Contraction In Activity And Surge In Unemployment We’ve Seen In Our Lifetimes – CNBC
FED'S CLARIDA SAYS WE’RE LIVING THROUGH THE MOST SEVERE CONTRACTION IN ACTIVITY AND SURGE IN UNEMPLOYMENT WE’VE SEEN IN OUR LIFETIMES – CNBC — *Walter Bloomberg (@DeItaone) May 5, 2020 https://twitter.com/Hipster_Trader/status/1257702221992480770 Tomorrow ADP will tell us that 20mm people lost …
Food bank leaders warn of dwindling supplies. FAMINE LOOMING. Got no money…
Food bank leaders warn of dwindling supplies Largest food bank in U.S. stretched thin amid coronavirus pandemic s africa 2 and half mile queue (no social distancing) 30-40 million one pointed on getting food—whatever means necessary…. 1 they go for …
It’s Time to Get Excited About Gold
by John Mauldin The average Wall Street trader believes all kinds of crazy stuff. One long-running theory claims that the federal government has something called the Plunge Protection Team, or the PPT. If the market drops toward the end of the …
Disinflationary: You can bring a horse to water but you can’t make it drink. We’re near the nobody saw it coming moment.
Disinflationary. You can bring a horse to water but you can't make it drink. Fed balance sheet soars, but M1 and M2 growth remain significantly below. pic.twitter.com/YjzeoW8ZU5 — Daniel Lacalle (@dlacalle_IA) May 5, 2020 https://twitter.com/ChrisMCouch/status/1257653061461389313 The world is swimming in …
Three ways to play earnings without getting IV crushed
by themadpooper If you’ve tried to play earnings with options though you’ve probably experienced IV crush. The stock moves in your favor but you lose money anyway. So I thought I’d give a quick rundown of what IV crush is …
Ruh-Roh Time For Stock Market Bulls? Keep An Eye On These Bearish Reversals!
by Kimble Charting Is it Ruh-Roh Time for stock market bulls? Possible!!! Stock market bulls might have received a very concerning message last week from numerous indices! This 4-pack reflects that each popular index created a sizeable bearish reversal pattern at respective …
Technically Speaking: Will The Market Retest Lows This Summer?
by Lance Roberts Will the market retest lows this summer? In this past weekend’s commentary, I discussed the end of the seasonally strong period for the market. “Despite the sell-off on the last day of April, the Best Six Months has ended …
A LAWLESS FEDERAL RESERVE
The Fed’s experiment with junk bonds is about to begin. Critics argue the Fed is overstepping its mandate by purchasing corporate bonds — a step it never took during the 2008 financial crisis. Gundlach said the Fed is using a …
18 Signs That We Are Facing A Record Breaking Economic Implosion In 2020
by Michael Snyder In just six weeks, the entire global economy has completely come apart. All over the world we are seeing numbers fall faster than we ever have before, and the outlook for the rest of the year is …
America Has Become “The Land Of The Snitches” During This Coronavirus Pandemic
by Michael Snyder For those that wondered if Americans would be willing to report on their neighbors on a widespread basis during a major crisis, you now have your answer. All over the country, calls have been pouring in to …
#SPX … This Bear Mkt rally ain’t fooling me. IMHO, the downside opens up again on a sustained break <$2790 support.
#SPX … this Bear Mkt rally ain't fooling me. IMHO, the downside opens up again on a sustained break <$2790 support. pic.twitter.com/66bTcI0rOM — JoeFriday714 (@joefriday_714) May 5, 2020 Here's the real reason why billionaire investing 'genius' Warren Buffett didn't spend …
What’s the tipping point for when bankruptcies become systemic, and failures create a cascading effect of tripping other companies into insolvency?
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 …
Margin Calls Caused by The Fed, “Lenders complained that indiscriminate buying was hurting more than helping.”
via Bloomberg: Rescue of housing market in March accidentally burned lenders Variety of pressures keeping rates from going even lower The Federal Reserve’s emergency rescue of the U.S. mortgage market should have set off celebration among lenders trying to keep …
TSLA mooned today because short selling was BANNED
by Dc1993x Here are the facts: After the financial crisis, the SEC created rules to help protect long-term investors This was done to maintain investor confidence & to prevent large intra-day crashes Don’t believe me? See for yourself: https://www.sec.gov/rules/final/2010/34-61595.pdf I …
Why The United States Cannot Shut Down For A Second Wave Even Though It Will
by astrophysics23 During one of the coronavirus task force briefings, an admiral came up and detailed how he was getting ventilators into the system. Much of the press was outraged when he detailed it out because the government was using …