Current bear market rally is significantly supported by 2 days of major short squeezes, basically a technically led rally. CTA’s are jumping out of their short position. A growing number of investment houses warn that this rally is very likely temporary.

by mekonsodre14 Nomura published an insightful piece about the short squeeze, that partially pushed stocks higher. featured in this article from Financial Time’s Alphaville (copy link tag text with dot after com to access article) https://ftalphaville.ft.com./2020/04/07/1586255667000/Markets-Now—Tuesday-7th-April-2020/#comments It also mentions that …

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I’ve switched to puts.

by LikeMyNewHat FACT: The S&P hit its current low on 03/23/20. ALLEGED FACT: Using the RSI, the S&P retests its lows 28 days later (median) FACT: 28 days after 03/23/20 is 4/20/20. FOUR-TWENTY! It’s destiny!! FACT: 2,792 is a 50% retracement …

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Don’t get cocky, bulls

by the_asker_man Seriously, it’s like 90% of you tards have never seen a recession before. Guess what: you have up days in bear markets. Sometimes you have up months. You think it’s all circuit-breaker downs until we bottom out a week …

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If it’s deep and broad, it won’t be brief.

https://twitter.com/anilvohra69/status/1247180100782571520 https://t.co/DVsKdMVKeu — Alastair (@StockBoardAsset) April 6, 2020 https://twitter.com/197_damien/status/1247477337689591808 🧐Low Volume´s Bounce via @dlacalle_IA @AlessioUrban @EconGlobal @BrantLakeCa @LordPolemos @MI_Investments @SpeculaThor @bocajoes @trading24h @tey_west @Rafael60980545 @2020ninewaves @josep_codina @wheeliedealer @XRP_589_Theunis @ChileBitcoin @paibad @juanjoseblesa @autoctoNO pic.twitter.com/LQn7kGXuE6 — Antonio Pérez-Algás (@apanalis) April 7, 2020 …

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Corporate Debt is being Downgraded at a Rapid Pace; 71% of Small Business Owners Fear They Will Never Recover from Pandemic Losses

by SpontaneousDisorder Almost 600 downgrades have already relegated >$130bn in corporate bond from investment grade to HY and there is more to come. @alpinemacro via @SoberLook pic.twitter.com/7fQnQ69G9n — Adam Tooze (@adam_tooze) April 6, 2020 71% of Small Business Owners Fear …

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The Oil Giant Drowning In Debt

By Nick Cunningham ExxonMobil saw its credit rating downgraded by Moody’s on Thursday from Aaa to Aa1, with a Negative outlook. Two weeks ago, S&P cut Exxon’s credit rating. The oil major’s struggles are growing, but they predate the pandemic and the collapse of …

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U.S. economy is entering the ‘deepest recession on record’; Goldman Sachs now expects US unemployment to hit 15%; IMF: “Humanity’s darkest hour.”

U.S. economy is entering the ‘deepest recession on record’ The U.S. economy is struggling right now. On Thursday, we learned that initial filings for unemployment insurance totaled a record 6.648 million for the week ending March 28, more than doubling the prior week’s …

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