The fact that IFRS books it as “Equity” should be a dead giveaway. $DB Leverage actually increased to 36x tangible equity ex DTAs in 4Q19.
— PlungeProtectionTeam (@gamesblazer06) February 26, 2020
Stop me if you’ve head this before:
The 30 Year TSY hit a record low today 1.30%$TLT @chigrl @GaryKaltbaum @DiMartinoBooth #treasuries #rates
— Reminiscences of an American Capitalist (@4Awesometweet) February 26, 2020
Surely that’s nothing a half a trillion in Fed liquidity can’t repair. Oh…wait. That’s already pissed into the wind, I mean, judiciously deployed to address some technicalities that had hampered the transmission mechanisms in the shortest of short term lending markets#Winning https://t.co/KWOaikU88i
— Danielle DiMartino Booth (@DiMartinoBooth) February 26, 2020
The S&P 500 is up 1.4% today.
Is it signaling the worst has past?Consider:
10-year yields = down
Crude oil = down
Copper = down
Gold = up
Dollar = strongerAll this is consistent with more "issues" ahead.
Stocks are, for the moment, the outlier.
— Jim Bianco (@biancoresearch) February 26, 2020
.@Nouriel tells @FerroTV V-shaped recovery hopes are "delusional" https://t.co/c8FC7tkzhw pic.twitter.com/uZtB8H6uRh
— Bloomberg TV (@BloombergTV) February 26, 2020