Wall Street is begging for a Fed bailout.
Current Fed target rate: 100-125 (after cutting by 50bps this week!)
Fed rate probabilities for March 18 meeting:
▪️ 25-50bps: 67.1%
▪️ 50-75bps: 32.9%
This is truly sad. pic.twitter.com/RnNyDkDGkz
— Hedgeye (@Hedgeye) March 6, 2020
— Planet Ponzi (@PlanetPonzi) March 6, 2020
The Fed hasn't hit their inflation target in 8 yrs; they couldn't taper the $4T in QE they said was temporary and neither has any other CB; they claim no asset bubbles, yet mkts crash whenever CB's can't hold it up🤨
"FED'S ROSENGREN: FED NEEDS TO BROADEN WHAT ASSETS IT CAN BUY"
— M/I_Investments (@MI_Investments) March 6, 2020
Treasury Yields today…
7-year: 0.69%. New all-time closing low.
10-year: 0.74%. New all-time closing low.
30-year: 1.25%. New all-time closing low. pic.twitter.com/NizsE6AlkU
— Charlie Bilello (@charliebilello) March 6, 2020
After all of that “None QE” in September, we are right back to where we started… pic.twitter.com/jsyaj3U4b4
— Michael Norinsberg (@Mnorinsberg) March 6, 2020
“The real risk to the system lies in US corporate loans, not bonds, with the growth in US leveraged loans and middle market/private credit:” UBS’s Matt Mish. Middle-market debt, for example, surged 280% since 2010 to $1 trillion, and it matures sooner, he wrote in a report today
— Lisa Abramowicz (@lisaabramowicz1) March 6, 2020
"Working assumption: we are in a global recession " pic.twitter.com/S2t1vFdarP
— Scott Barlow (@SBarlow_ROB) March 6, 2020
— Jesse Felder (@jessefelder) March 6, 2020