GIS Daily updates – worldwide. For those who care to watch it grow. https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 Bumped up to 25 dead now and 616 casees The number of people killed by a new virus in China has risen to 25 – and overall cases to 616, the country has said. https://news.sky.com/story/china-coronavirus-25-dead-as-wuhan-city-in-lockdown-11915522 We’ll see how long it takes … Read more
23 Jan – 08:36:59 AM – TOTAL NUMBER OF CORONAVIRUS CASES IN CHINA AT 634 – STATE TV – [RTRS] pic.twitter.com/M6HsHQhiPm — Alastair (@StockBoardAsset) January 23, 2020
By David Randall NEW YORK, Jan 22 (Reuters) – Investors pulled $4.5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, extending the longest consecutive pullback from the domestic stock market since the spring of 2016, according to data released on Wednesday by the Investment Company Institute. The retreat from … Read more
by bunnydoge Like Brave New World, economic activity in China always struck me as a little bit circular — aggressive local government growth targets, aggressive subsidies in strategic industries, extensive regulatory bureaucracy, and of course, ghost cities. Economic progress always seems paired with meaningful negative externalities, whether it be soaring home prices or poor air … Read more
‘We’re just in the craziest monetary-fiscal [policy] mix in history. It’s so explosive, it defies imagination. It reminds me a lot of early ’99 [when inflation was low and stock markets were soaring]. The difference is the fed funds rate was 4.75% — today it’s 1.62%. Then we had a budget surplus, today we have … Read more
Hong Kong cancels Chinese New Year celebrations https://t.co/6KJeCzXaOx — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) January 23, 2020 (Repost) 2 more cities in China in lockdown >>Wuhan virus: China locks down Huanggang, shuts down railway station in Ezhou after Wuhan lockdownhttps://t.co/9WeBNPMZsi — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) January 23, 2020 Dr. Copper https://t.co/x68GLlmPnh — Tracy Shuchart … Read more
via factset For the fourth quarter, the S&P 500 is reporting a year-over-year decline in earnings of -2.1%, but year-over-year growth in revenues of 2.7%. Given the dichotomy in growth between earnings and revenues, there are concerns in the market about net profit margins for S&P 500 companies in the fourth quarter. Given this concern, what … Read more
via jessefelder You can always count on a blowoff in the stock market to bring out the most creative and sincere of rationalizations. Most often we hear something along the lines of, “it’s a liquidity-driven rally,” suggesting that monetary policy is forcing stock prices higher. This is one we have heard not just for the past … Read more
via smh.com.au There’s something quite odd about a sharemarket that rises more than 26 per cent over a year in which world economic growth was the weakest since the financial crisis. That is, however, what the US market has done (the Australian market has risen just over 20 per cent) even though US GDP growth last … Read more
via mishtalk Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers. At the peak of every boom comes one final act of repetitive stupidity. This may be it. Please consider CFPB Moves to Eliminate Mortgage Debt-to-Income Rule for Borrowers. In a letter CFPB Director Kathy Kraninger sent to Congress today, … Read more
by newUsername2 No idea how they got my information but I got an email saying congrats you’ve been hired to be a mystery shopper, expect a check and instructions in the mail. Package came in addressed to me with multiple checks to deposit into my account and instructions to purchase gift cards from Apple and … Read more
(1:15) TRANSCRIPT: This is their president we are talking about. The President of the United States does not serve at the pleasure of the Legislature, does not serve at the pleasure of Joe Biden, does not serve at the pleasure of Henry Hyde, does not serve at the pleasure of the Congress, as a Prime … Read more
BREAKING: Second Chinese city, Huanggang, will be put on lockdown from midnight to prevent the spread of coronavirus — BNO News (@BNONews) January 23, 2020 Huanggang gov’t statement: – All bus and train operations are suspended from midnight – Citizens should not leave the city – All cultural, tourist, and entertainment venues to be closed … Read more
by Michael Snyder We better hope that the U.S. economy holds together in 2020, because if there is any sort of major economic crisis much of the country is going to be broke almost immediately. Today, close to half of all Americans are living on the edge financially. For many, it is out of necessity, … Read more
by Michael Snyder The mainstream media in the western world isn’t telling you that Chinese hospitals are being absolutely overwhelmed by the number of sick people showing up for treatment. So the truth is that the official numbers that the Chinese government is putting out are almost meaningless at this point because hordes of sick … Read more
Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The stock market is at all-time highs. The Nasdaq has skyrocketed even more than … Read more
by UPFINA You probably already know one of the most discussed topics on Wall Street is how stocks rallied much more than earnings increased in 2019. This is why the forward PE multiple of the S&P 500 is at 18.6 according to FactSet. As you can see from the chart below, quarterly returns on a year over … Read more
Boeing. Everyone wants to buy the dip, but it’s still trading near its highest EV to sales ever. It could be the Enron scandal of our day. Or it could just be good ole Boeing that gets crushed in every business cycle downturn. Either way, $BA does not look like a buy. pic.twitter.com/tgwJo9AmSQ — Kevin … Read more
U.S. Wage Expectations Rolling Over – @SoberLook @DataArbor pic.twitter.com/nqOVqQPJSk — Rob Hager (@Rob_Hager) January 21, 2020
by MakeTotalDestr0i I have been reading annual reports and prospectus of some big companies and some of the covenants on old loans/bond debt will get triggered and accelerate repayments and all sorts of other crazy things if the next recession hits as hard as the last one. Lots of stock buybacks and other good … Read more