Investment grade energy credit spreads are anywhere from 250 to 550 basis points wider. Some Canadian energy bonds are down $30 points. If this lasts, bankruptcies everywhere. 😱
— GreekFire23 (@GreekFire23) March 9, 2020
Circuit-breakers today:
* If the S&P 500 declines 7%, (208 points), trading will pause for 15 min
* If declines 13%, (386 pts) trading will again pause for 15 mins
* If falls 20%, (594 pts) the markets would close for the day.
(via @peterschack) @CNBC
— Carl Quintanilla (@carlquintanilla) March 9, 2020
Soon you'll send this tweet with the words 'below zero' https://t.co/BN6PtrQBhb
— Richard Werner (@scientificecon) March 9, 2020
So bank runs this week or next week? The speed of things moving now is amazing. This is different than 2008 as things can deteriorate faster. https://t.co/iZhv3ZeBLZ
— Brad Huston (@BradHuston) March 9, 2020
The whole move up from worst December since 1931, so the whole 2019 was just a dead-cat bounce … with deteriorating macro, earnings and inverting curve…
That's it. Moves shouldn't be a surprise now. https://t.co/OlhbQYgFlq
— GregTheAnalyst (@Analyst_G) March 9, 2020
High yield CDX 5.7 sigmas above its three-month mean, worse than anything we saw in 2015 or 2018 pic.twitter.com/wTLaIEYb5C
— Luke Kawa (@LJKawa) March 9, 2020
market's probability of 3 cuts next meeting grows to nearly 100%.. #CME #Fed pic.twitter.com/E3cEcpOgMU
— Rothko Research Ltd. (@RothkoResearch) March 9, 2020