Fed fund futures went negative today. That was all I needed to short the market. That’s very deflationary, will create a banking crisis, and will result in massive pressure on funding markets. US banks are 80% over valued if we are going to negative rates
— hks55 (@hks55) May 7, 2020
I also don’t think Powell has any idea what he is doing anymore. He’s just running around trying to put out whatever fires that he sees but he has no idea if he’s changing the course of the fire to head straight for a massive housing subdivision.
— hks55 (@hks55) May 7, 2020
obvious: if there is a giant debt there is a giant supplier of debt (central banks) so there is less need of private banks that are only a channel t.co/DrdY0TKZ3R
— SpeculaThor (@SpeculaThor) May 7, 2020
$es after hours super spike with a negative price structure is exactly how markets crash
— hks55 (@hks55) May 8, 2020
Negative Fed Funds rate in the US! Another first for the market in the year 2020. The rest of the decade will have a hard time keeping up with the kind of start we have had.
Chart via WIRP via @TheTerminal pic.twitter.com/OxCUNrCOVd— Rishi Mishra (@aRishisays) May 7, 2020
Record IG issuance so far this week $86 Billion
— Ed Bradford (@Fullcarry) May 7, 2020
Every night in the thinly traded futures…..magical levitation. #NYFed
— Brad Huston (@BradHuston) May 8, 2020
"Number of companies with rock-bottom credit ratings has exceeded the peak of the 2008 financial crisis, as dozens of businesses struggling under heavy debt burdens have been downgraded" t.co/OVStXC7it0 pic.twitter.com/N09fLwEtKu
— Trevor Noren (@trevornoren) May 7, 2020
As a record number of companies fall into the lowest rungs of junk, Moody's finds that the bulk of them are backed by private-equity companies. t.co/1oQQFd4kXI
— Lisa Abramowicz (@lisaabramowicz1) May 7, 2020
Another nice share, @LanceRoberts @DiMartinoBooth @SheepleAnalytic @MI_Investments @wolfofwolfst @Hedgeye t.co/xL6em89TnP
— NoMorForcedDebt (@NoMorForcedDebt) May 7, 2020
The Fed has slowed the pace of its bond buying, but is still expanding its balance sheet at a dramatic pace, with its assets now at $6.7 trillion. pic.twitter.com/hDFoTJVNSv
— Lisa Abramowicz (@lisaabramowicz1) May 8, 2020