when a conservative majority in the Michigan Supreme Court denied Gov Whitmer's to extend the emergency powers which she invoked to curb the spread of the coronavirus, declaring it unconstitutional.
"Polls can be wrong. Especially when it is harder and harder to find people who have the time and energy to answer a survey, a process that naturally leans towards the wealthier and more politically active."
...the fundamental relationship between the stock market and the economy has changed. Believe it or not, strength on Wall Street is now driven by weakness in the broader economy.
...retail positioning is once again very long-biased... monetary policy intervention has once again removed all “fears” of a correction, recession, or bear market...
The biggest reason for the surge in EPS was the plunge in loan losses, which dropped by a whopping 60% from the $1.5 billion set aside last year to just $611 million, a quarter of the $2.4 billion analysts had expected JPM to set aside.
Managing editor Ed Harrison and senior editor Ash Bennington answer questions from the Real Vision audience in this special edition of the Daily Briefing. They…
