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As stocks hover back near record highs, entirely shrugging off virus fears, the rest of the world's financial markets seem anything bit convinced this is a temporary shock - as The Fed's Jim Bullard proclaimed this morning on CNBC.
Wall Street has found a new favorite speculative stock as Virgin Galactic surges 23%
Yen Crashes Near Record Lows Against Gold
This collapse of price will manifest in all sorts of markets that are based on debt-funded purchases of desires rather than a warily prudent priority on needs.
Gold futures have just surged back above $1600 as investors worldwide charge into safe-havens this morning (bonds are also bid, as is the USDollar) as it becomes clearer and clearer that China is lying and no one really knows the situation of the Cov
Morgan Stanley is looking more and more like a dog chasing its tail in its "analysis" of Tesla. Recall, about one month ago, Tesla was downgraded to "Sell" by Morgan Stanley after the stock's run up to about $520 per share.
European stocks rose on Monday, Chinese shares surged, recovering all their post-coronavirus losses and S&P and Nasdaq futures jumped to new all time highs as investors took encouragement from the Asian country's monetary (if not fiscal) pledges to
Investors largely shrugged off the factor rotation on Feb 4th as an isolated event, but it shouldn't be dismissed...
WASHINGTON -- As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions.
One day after a solid 10Y auction, moments ago the US Treasury closed off the week's coupon issuance with a bang, when it sold $19 billion in 30Y bonds with a bang, thanks to a high yield of 2.061%, which not only stopped through the When Issued 2.06
We've talked about the year 2000 comparison (Party like it's 1999).
Kering shares on the Euronext Paris jumped several percents on Wednesday following higher-than-expected sales for 4Q19.
In mid-December 2019 we published a list of the 11 worst performing names in the S&P 500. The purpose of that exercise was twofold.
Uncertainty
In 2007, I was at a conference where Paul McCulley, who was with PIMCO at the time, was discussing the idea of a "Minsky Moment.
...but company is still worth more than Big Three automakers combined
Following yesterday's record 17% drop, Tesla shares are down again in pre-market trading on Thursday after the company announced it is temporarily closing stores in mainland China as of February 2.
That's well above Volkswagen and BMW combined.
Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year.
Well that escalated quickly...
At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news interview that the boom and bust cycle as we have come to know it in the last decades may ha
Whether it was today's abysmal Chicago PMI print, or algos finally googling "pandemic" and realizing that what is going on in China could have catastrophic consequences for the global economy ...
It isn't hard to find assets that have clearly shown distress by how they've reacted to the current news. But it's also easily enough done if you are looking for evidence of remarkable sangfroid in the face of what can only be described as scar
According to Bloomberg's latest survey, confidence among Americans climbed to a 20-year high amid record optimism about personal finances and the buying climate.
With spreads so tight - despite credit risks (leverage) at or near record highs - it would appear the bankers have returned to what they know best to be able to keep demand for new issues high and at the same offload their exposures in case of crisis
Renowned geopolitical and financial cycle expert Charles Nenner says his "stock market cycle has topped."
After a mixed December (headline flat, current up, future down), analysts expected the ongoing ramp in stocks to have lifted the Conference Board consumer confidence survey in January.
And as stocks rebound - for no reason whatsoever - copper continues to fall..
Back in late December, when the market was melting up every single day with zero regard for economic data or newsflow, we pointed out something ominous: the world's most liquid stock market, the S&P500, was now as (il)liquid as it was during the 2008
Time To Sell Apple Stock?
