Global earning estimates for the next 12 months show expectations have been cut sharply.

 

This Bond Market Signal Indicates the Bear Market Isn’t Over Yet

The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics.

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Treasury Secretary Warns of ‘Permanent Economic Damage’ if US Doesn’t Reopen

Treasury Secretary Steven Mnuchin said on May 10 that reopening the economy must be done in a strategic way, but he stressed that “permanent economic damage” might be done if lockdown measures aren’t lifted.