Bond Speculators have piled into the largest SHORT position in history. With so much riding on recovery/reflation – if markets go back to risk-off/deflation, it could trigger a very painful unwind.

https://twitter.com/MacroCharts/status/1260162808127393793 One of my most important Models is approaching the most overbought level in history. This is the 18th signal in 20+ years – most signals WITHOUT a Breadth Thrust led to big declines. Stocks could rally into month-end, but …

READ MORE

Will Shale Giant Chesapeake Go Bankrupt?

By Tsvetana Paraskova U.S. shale gas pioneer Chesapeake Energy  said on Monday it was evaluating a Chapter 11 bankruptcy protection reorganization—along with other options–as the low oil and gas prices weigh heavily on its finances and substantial outstanding debt. Chesapeake Energy—which helped …

READ MORE

It Gets Rough for US Airlines: Why Buffett Dumped His Airline Stocks Though There Was Blood on the Tarmac, Which Should Have Been a Buy Signal

Just can’t catch a break: Friday after hours, United disclosed it abandoned its junk-bond offering after investors balked. Shares fell. By Wolf Richter for WOLF STREET. Here’s what US airlines are going through: The TSA has been reporting the number of daily checkpoint screenings. …

READ MORE

Consumer Discretionary DD

by AnimalTom23 Skip to “Actual DD” if you want to short story. Position at the bottom. Many moons ago I gave up trying to find a real job. After 20+ years in the restaurant industry I have come to realize …

READ MORE

The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown

The near doubling of death predictions in a closely followed model underscores a frustrating reality: Many basic facts about the coronavirus remain unknown https://t.co/vEkSuIwhKI — The Wall Street Journal (@WSJ) May 10, 2020 As researchers begin to test homeless individuals …

READ MORE