Stocks Sink as Peak Euphoria Reverses Rapidly! Did the Fed Just Pull the Plug?

The sheer amount of panic that investors have felt in a matter of a few days has been real. Even the new mascot for day traders, the guy from Barstool Sports, literally said he’s overleveraged and lost millions in an instant. When people take on more risk than they even realize, eventually they face the consequences. The stock market doesn’t need to have a major crash for people to lose their shirts. It happens when ignorance becomes a foundational principle. 

 

Weekly jobless claims miss estimates as employment gains taper

www.cnbc.com/2020/09/10/us-weekly-jobless-claims-total-884000-vs-850000-expected.html

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Jobless claims come in worse than forecast, and with a key ‘red flag’

theweek.com/speedreads/936842/jobless-claims-come-worse-than-forecast-key-red-flag

Manhattan rental market plunges, leaving 15,000 empty apartments

www.cnbc.com/2020/09/10/manhattan-rental-market-plunges-leaving-15000-empty-apartments.html

The stock market is detached from economic reality. A reckoning is coming. – The Hour

www.thehour.com/opinion/article/The-stock-market-is-detached-from-economic-15556189.php

Crude Oil Prices Today | OilPrice.com

oilprice.com/

Second wave of floating storage triggered by ailing oil market | Reuters

www.reuters.com/article/us-global-oil-floating/second-wave-of-floating-storage-triggered-by-ailing-oil-market-idUSKBN2602EX

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fingfx.thomsonreuters.com/gfx/ce/dgkvllekovb/Pasted%20image%201599655350148.png

Baltic Exchange Dry Index | 1985-2020 Data | 2021-2022 Forecast | Price | Quote

tradingeconomics.com/commodity/baltic

 

www.federalreserve.gov/publications/files/smccf-transaction-specific-disclosures-8-10-20.xlsx

www.federalreserve.gov/publications/files/smccf-transaction-specific-disclosures-9-8-20.xlsx