The 2nd round of layoffs have begun. How long until we see round 3, 4, 5….?
Gary Shilling, Jeffrey Gundlach, Warren Buffett, and many others have sent out warnings in their own ways. They all see valuations stretched, and note that right now, economic conditions are horrible. The disparity in between the two are reflecting the past. Times in which we have seen such issues often end very badly. Times in which investors believe nothing can go wrong, they generally do. But the madness eventually ends.
The $600 unemployment boost is gone. So are the jobs.
The economy is in deep trouble again. Coronavirus is to blame – CNN
Las Vegas Strip casinos notify staff of furloughs, layoffs | Coronavirus | fox5vegas.com
Larry Summers Warns U.S. Economy in Grave Danger – Bloomberg
Wall Street Week Ahead: Investors hedging, worry about exuberance, as U.S. risks rise – Reuters
Gold Prices and Coronavirus: Rally Hint of Economy in Trouble – Bloomberg
Shining brightly – Unusually, copper and gold prices are rising in tandem | Finance & economics | The Economist
Everyone’s a Day Trader Now – WSJ