Rally is done. Going much lower from here.

Rickards: This bear market has a long way to run – get ready for social disorder

Even the worst bear markets see substantial bouncebacks. And you can expect the market to give back all of its recent gains in the months ahead as the economic fallout of the lockdowns becomes apparent.

JPMorgan Profit Sinks Nearly 70% As It Braces For Loan Defaults: WSJ

New York-based JPMorgan, the largest U.S. lender by assets, reported first-quarter earnings that showed the growing toll of the new coronavirus on the nation’s economy and banking system.

America’s Largest Bank, JPMorgan Chase, Prepares For A Massive Round Of Defaults