A much better “tell” on Chinese growth than pumped up state data.

A much better “tell” on Chinese growth than pumped up state data. ⁦@Quillintel⁩⁦@SoberLook⁩ pic.twitter.com/tS5sQatzE9 — Danielle DiMartino Booth (@DiMartinoBooth) April 1, 2020 April 1.. good one China pic.twitter.com/8tv4SGKsYz — *Walter Bloomberg (@DeItaone) April 1, 2020 The Asian countries that benefited the most from the trade war fallout have seen meager rebounds vs China which calls … Read more

Emerging markets post record $83 billion outflow in March due to coronavirus shock, says IIF

Emerging markets post record $83 billion outflow in March due to coronavirus shock, says @IIF – $52 bln equity outflow, $31 bln debt outflow. Compared to previous episodes of EM stress … there is no comparison.@RobinBrooksIIF @SergiLanauIIF pic.twitter.com/M8ixtpGp4l — Jamie McGeever (@ReutersJamie) April 1, 2020 https://twitter.com/Birdyword/status/1245149005387952128 A new wave of ASF is hitting #China >>African … Read more

A Lesson on VIX

by Hanz-Wermhat Long time lurker first time (non-shit post) poster, felt I would give back some knowledge I have learned recently on how you can use VIX to see how retarded your PUT positions are. VIX is calculated using the pricing of OTM options, the higher the pricing the higher the implied volatility and likelihood of … Read more

Quit buying short-dated puts

by Joesocktwo For the handful of people here who actually understand greeks, this post isn’t for you. For the rest of you numbnuts buying 0DTE FDs, this is for you. ​ Virtually every major crash has a characteristic anatomy You’re on the tail end of the last big upswing before the bottom of the crash. … Read more

Some Potentially Undervalued Stocks

by Reptar4President I’m looking at putting some money into a few different small and micro-caps, and one big boy. Thought I’d put them out there and see if anyone has any thoughts on them. Some background: I used to trade individual stocks (we’re not talking much, I had maybe $20k in a fund) but stopped … Read more

Oil Prices Drop below $10/bbl at American Hubs as Storage Space Fills up

https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs Oil selling below $10/bbl at key American hubs By SHEELA TOBBEN on 3/31/2020 NEW YORK (Bloomberg) –Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. The coronavirus pandemic has hit demand so hard that as benchmark futures plunge to lowest in … Read more

For any bullish investors left, the reality checks are coming thick and fast

For any bullish investors left, the reality checks are coming thick and fast https://t.co/9ztKPNui76 via @markets — Sam Potter (@SamJPotter) April 1, 2020 Good memo from Howard Marks: “.. assets were priced fairly on Friday for the optimistic case but didn’t give enough scope for the possibility of worsening news. Thus my reaction to all … Read more

“The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”

By Wolf Richter for WOLF STREET: HSBC and Goldman Sachs have now both come out with estimates about the extent of the collapse of share buybacks. So far into this crash, over 50 companies have suspended share buybacks, accounting for $190 billion in cash that is not flowing into the stock market, representing over a quarter of total share buybacks … Read more

Keith Weiner: The ‘Out’ Has Not Yet Begun To ‘Fall’

by Keith Weiner of Monetary-Metals So, the stock market has dropped. Every government in the world has responded to the coronavirus with drastic, if not unprecedented, violations of the rights of the people. Not to mention, extremely aggressive monetary policy. And, they are about to unleash massive fiscal stimulus as well (for example, the United States government is … Read more

Something Bigger is Happening

by birdlady27 *Neighbors encouraged to tell on their neighbors to the proper authorities. https://www.clarkcountytoday.com/business/gov-jay-inslee-asks-washington-residents-to-report-those-violating-stay-at-home-order/ *People being followed with drones & publicly shamed https://www.popularmechanics.com/technology/a31708776/police-drones-social-distancing-coronavirus/ slogans “Alone Together” as if that’s acceptable to the human psyche & spirit https://deadline.com/video/coronavirus-social-distancing-psa-alonetogether-mtv-comedy-central-viacomcbs/ *States threatening to “permanently” close any churches or places of worship not in compliance https://www.catholicnewsagency.com/news/nyc-mayor-threatens-permanent-closure-of-churches-defying-coronavirus-ban-64073 *Military mobilizing troops & tanks … Read more

Brazilian President Jair Bolsonaro says that: “Coronavirus crisis is a media trick”

He’s somewhat a geopolitical outsider. So does Jair Bolsonaro know the truth? Is it all a ‘media trick’ afterall?   VIDEO: Army National Guardsman “It’s the flu! It’s the flu!… I’m in the tents with them!” BREAKING VIDEO: Army National Guardsman tells @Project_Veritas #COVID19 Media Coverage Overblown: “It’s the flu! It’s the flu!… I’m in … Read more

SCOTT ADAMS: BREAKING: CDC is mulling the idea of not lying to the public about mask effectiveness anymore. #coronavirus

BREAKING: CDC is mulling the idea of not lying to the public about mask effectiveness anymore. #coronavirus https://t.co/36GCmwpinI — Scott Adams (@ScottAdamsSays) March 31, 2020 This has always bothered me from the beginning…I have been in the healthcare industry for 30 years and wearing a mask with each patient saved my life..Also when kids were … Read more

The media is furious that President Trump said some medical equipment may be getting stolen, saying he’s making things up. New York Governor Andrew Cuomo said exactly the same thing. No problem when he addresses these concerns though.

by GunToast Here is a video of him saying it https://video.twimg.com/amplify_video/1244404708699234312/vid/1280×720/WBSJnNU_k8lgCaWh.mp4 https://video.twimg.com/amplify_video/1244404708699234312/vid/1280×720/WBSJnNU_k8lgCaWh.mp4 Brooklyn man arrested for hoarding masks, coughing on FBI agents https://nypost.com/2020/03/30/brooklyn-man-arrested-for-hoarding-masks-coughing-on-fbi-agents/  

Goldman Sachs: A Quarter of Annual Buyback Volume Has Been Yanked; Credit Suisse: Hedge Demand Shows ‘No Faith in This Rally

A Quarter of Annual Buyback Volume Has Been Yanked, Goldman Says Cash-conserving companies continue to rein in buybacks. Data compiled by Goldman Sachs Group Inc. shows that almost 50 U.S. firms have suspended existing authorizations in the past two weeks, according to a note from its strategists. The firm’s buyback desk estimates that $190 billion … Read more