We expect that the theater over the latest round of fiscal stimulus is almost over and within days if not hours, Dems and Republicans will announce a "deal" for a new fiscal stimulus round of just around $1.5 trillion
Investor “psychology” will collide with “reality,” and the rush to exit will not be a slow and methodical process. Instead, much like we saw in March, it will be a stampede...
"Having done everything from being a sell side analyst to working at a hedge fund to writing market strategy over a +30-year career, I think I’ve either made every rookie mistake in the book and/or watched others do the same."
WMT comments that sales begin to "normalize" in July "may suggest that the outsized gains experienced over the last few months may be starting to ebb" as government stimulus money “tapered off."
If you really think a 100bp risk premium is a fair payment for taking corporate risk on a name one step away from junk in the face of this looming recession... then I have some bonds you really should buy.
"A lot of investment professionals as well as retail investors are on the sidelines partially because they are waiting for this second stimulus package."
The mutation "is said to have a higher possibility of transmission or infectiousness, but we still don’t have enough solid evidence to say that that will happen,"
Senior editor, Ash Bennington, is joined by editor, Max Wiethe, to talk gold, stocks, housing, and New York. After Ash analyzes the dismal Empire Manufacturing…
"This was a May of 1942 moment: things couldn’t have looked bleaker, yet what’s followed a historic collapse in risk assets has been a historic recovery."
