Central bank monetization of Treasury debt, QE4ever, and “repo madness” will not fix a non-financial disaster like a global pandemic. We’ll know in a few months.

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by Gary Christenson Cycles: What Goes Up Comes Down Miles Franklin sponsored this article by Gary Christenson. The opinions are his. From Charles Nenner: “It’s Time to Sell.” (January 28, 2020) “Market will go down 40%” “We are totally out of stocks.” “These bull markets don’t stop on a dime.” “Small investors are upset if they miss another … Read more

UK Budgets end up having no fiscal rules

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by Shaun Richards This morning has seen something of a think tank old reliable in play. The Institute for Fiscal Studies has put out a press release on the issue of fiscal rules in the UK so let us take a look. The emphasis is theirs. On current policy borrowing next year could be £63 … Read more

Shale Decline Inevitable As Oil Prices Crash

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By Nick Cunningham The U.S. shale industry continues to show signs of slowing down, with production declining in major shale basins outside of the Permian. Financing stress has plagued the shale sector for quite some time, but investors continue to bail on oil and gas stocks. The FT points out that the energy sector is now underperforming the … Read more

Unicorns & Non-Unicorns Hung Out to Dry: As SoftBank Licks its Wounds, Startup Funding Fizzles, Shutdowns & Layoffs Spread

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The out-of-money moment is here. The party is over. But it sure was fund, so to speak, while it lasted. By Wolf Richter for WOLF STREET. It’s now a near daily litany: Startups, once assured to be fed endless cash to burn, are laying off people or are shutting down entirely as funding for them dries up, and … Read more

Coronavirus wipes out $1.7 trillion in US stock market value in two days

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https://www.cnbc.com/2020/02/25/coronavirus-wipes-out-1point7-trillion-in-us-stock-market-value-in-two-days.html The S&P 500 lost an estimated $1.737 trillion in value in two days, according to S&P Dow Jones Indices’ Senior Index Analyst Howard Silverblatt. Stocks cratered again on Tuesday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. The Nasdaq Composite fell 2.8% on … Read more

Multiple CEOs stepped down today (02/25): Disney, MasterCard, Salesforce, Uber eats….

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by metalreflectslime Multiple CEOs stepped town today and this week: Disney, MasterCard, L Brands, Salesforce, Uber Eats, HULU, MGM, IBM, LinkedIn, Match.com, Aurora Cannabis and more. Disney: https://abcnews.go.com/Business/wireStory/disney-ceo-bob-iger-steps-bob-chapek-named-69210724 Mastercard: https://www.reuters.com/article/us-mastercard-ceo-idUSKBN20J1LG Salesforce: https://www.msn.com/en-us/finance/companies/salesforce-co-ceo-steps-down-leaving-founder-marc-benioff-in-charge/ar-BB10nWu9 Uber eats https://kvia.com/news/business-technology/2020/02/25/uber-eats-head-steps-down-as-company-focuses-on-making-meal-deliveries-profitable/ I wonder if they plan to retire to a nice resort in New Zealand.    

10Y Treasury Yield Hits Lowest Level In Modern History (Kocherlakota Calls For 25-50 Basis Point Cut)

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by confoundedinterest Mac! Mac! Mac!  While the US Treasury 10-year has just hit modern history lows, the Freddie Mac 30-year survey rate is CLOSE to its all-time low rate!! Meanwhile, former Minneapolis Fed President Narayana Kocherlakota is calling for The Fed to cut rates immediately! The Fed’s rate-setting Federal Open Market Committee holds its next meeting … Read more

Amarin (AMRN) 2/25/2020 AMC – Profit collect later PLEASE

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by HITLERMAHJONG Stock: AMARIN (AMRN) Direction: Bullish Price Target: 20$, 22$ Type: Put Credit Spread Fundamental: Amarin is currently off a slow decline due several weaknesses, most prominent being its patent lawsuit against 2 other companies. This can hurt their profitability and market share, as AMRN currently dominates the heart disease medicine area with Vascepa. In addition, AMRN is … Read more

Its the first time since at least 1927 that the S&P 500 fell this fast in the days after hitting a record

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via theedgemarkets Amid the darkest stretch U.S. stocks since 2018, one thing stands out. American investors are paying dearly for the optimism that drove the S&P 500 at the start of the year. While big declines often follow big run-ups, this reversal — coming after weeks of euphoric buying — has been almost historically violent. In … Read more

China’s Floods The Market With Fuel As Coronavirus Shatters Local Demand

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By Tsvetana Paraskova China’s fuel exports are booming amid battered domestic demand due to the coronavirus outbreak, analysts and trade sources tell Reuters as higher Chinese exports flood the Asian market, which sees depressed demand from the outbreak itself. In the first quarter of 2020, China’s demand for refined oil products will slump by 35.7 percent year … Read more

Lynette Zang: IS CORONAVIRUS THE BLACK SWAN? Get Prepared, Here are The Only Two Outcomes…

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ITM Trading, Released on 2/25/20 Links to slides and sources: https://www.itmtrading.com/blog/is-co… Over the weekend reported new cases and new deaths caused by the coronavirus spiked outside of China. European markets fell near 5% and this morning the Dow opened Down almost 1,000 points. We’ve been wondering where and when the black swan event that would topple … Read more