I hate to break it to you, but:
IG bonds just formed a death cross.
Rest in peace. pic.twitter.com/KTkN72ORwN
— Otavio (Tavi) Costa (@TaviCosta) April 7, 2020
đ§Recession Statement on track, as have been warning pic.twitter.com/ImDQWR77aw
— Antonio PĂ©rez AlgĂĄs (@apanalis) April 8, 2020
twitter.com/FocusEconomics/status/1247887073870135298
In prior 2 bear markets, margin debt was more than cut in half from high to low. Should this occur this time, it drops to $334bn. In Feb, it stood at $545bn. $SPX t.co/K3Fsn1Ggdt pic.twitter.com/DcmlB6gPPO
— hedgopia (@hedgopia) April 8, 2020
US share buybacks are plunging, which will have a âsignificant impactâ on the stock market, with less downside support for equity prices, since companies have been the biggest buyers of their own shares since 2010: GS t.co/D0ksuuJn0L
— Lisa Abramowicz (@lisaabramowicz1) April 8, 2020
Great Depression Is Closest Parallel to Pandemic, Warns Odeyt.co/URqyqDlUJJ
— Stalingrad & Poorski (@Stalingrad_Poor) April 8, 2020
10 million initial unemployment claims in 2 weeks & the next one could be another 5 million plus. & most folks aren't even able to access the online websites to apply. & once they apply the paperwork and backlog to get the benefits is endless. This is a total jobless nightmare! t.co/utZOCqwgJB
— Nouriel Roubini (@Nouriel) April 8, 2020
Percentage of Americans who didn't pay rent in the first week of March: 19%
Percentage of Americans who didn't pay rent in the first week of April: 31%t.co/EvHMjevBI8— MarketWatch (@MarketWatch) April 8, 2020
Forget that US-China #tradewar. The World Trade Organization expects global #trade to fall by a whopping 32% in the pessimistic scenario. pic.twitter.com/UQivUhFezb
— jeroen blokland (@jsblokland) April 8, 2020
So does anyone want to talk about the overvalued housing market that is about to collapse? pic.twitter.com/w0rBA453eb
— Nicholas Ramos (@NickVRamos) April 8, 2020
Global Airline Industry May Now Need A $1 Trillion Bailout via @forbes t.co/IFpHYwEWJR
— Jeff Lee (@JeffLee2020) April 8, 2020
INDIA'S OIL DEMAND SLUMPS 70% ON LOCKDOWN OF WORLD'S NO.3 BUYER
— Trading News (@4xInsight) April 8, 2020
The Evidence Mounts That the Global Recession Is Already Here
The breadth of the collapse is beginning to appear in the initial trickle of economic data across the world, revealing a cratering of trade, reined-in business investment, cowering consumers and surging unemployment thatâs sparing few industries.
OECD Says Leading Indicators Flag Biggest Monthly Drop on Record
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.
Somebody Just Bet $10,000 on WTI Oil at 50 Cents a Barrel: Bloomberg
WTI is down 56% this year, and some obscure corners of the U.S. market have even seen negative prices. But a drop below $1 for headline prices seems a long shot. Still, traders have been snapping up contracts that would profit from crude at phenomenally low levels.