Who isn’t cutting jobs? You know what first thing a broke middle class employee with two kids does when they lose their job and can’t make the mortgage. Take the penalty and cash in the 401k. Companies need to sell stock, boomers, and now working class. Market on borrowed time t.co/AGgGsGhMp9
— hks55 (@hks55) May 22, 2020
Dell Halts 401(k) Matching, Pay Raises, Hiring to Preserve Cash
JP Morgan: "We raise our forecast of the unemployment rate and expect it to stay above 10% through year-end"
"We are less confident in 2021 growth prospects and see GDP in 4Q21 5% lower than the pre-pandemic path"
— Nick Timiraos (@NickTimiraos) May 22, 2020
Hmmm…..
Roughly 1-in-4 are unemployed.
Banks won't loan you money with 20% down, a 700+ credit score and a #Job
New and Existing Home Sales are in the tank.#Redfin #Homebuyer #Demand hits record high…
I call Bulls*** pic.twitter.com/3P1WlHW8F4— Lance Roberts (@LanceRoberts) May 22, 2020
B of A – Don't look for V pic.twitter.com/RzHGTlD1RF
— Win Smart, CFA (@WinfieldSmart) May 22, 2020
What angers me more than anything is Powell going on national television saying he has no limits he can buy everything. This just further incentivizes people to do the things that causes the economy to need never ending intervention stimulus moral hazard no growth inequality
What angers me more than anything is Powell going on national television saying he has no limits he can buy everything. This just further incentivizes people to do the things that causes the economy to need never ending intervention stimulus moral hazard no growth inequality
— hks55 (@hks55) May 22, 2020
#ES_F Two-month highs in every significant bear market for the last 50+ years. Any print in June above May's high will satisfy the requirement. Robinhood beware. pic.twitter.com/3JrEvAgyHR
— J. Brett Freeze, CFA (@Techs_Global) May 22, 2020