"If bond yields cant rise on strong data, it beggars the question as to what will happen when the economic surprise indicator begins to turn down again - as it will surely do."
"For banks across the globe, we forecast credit losses of about $2.1 trillion for 2020 and 2021 spurred by the pandemic, with $1.3 trillion this year--more than double the 2019 level."
...while $3 trillion in Fed intervention have managed to juice the Nasdaq to new highs but preciously little else and have failed to technically repair the broken trend on The Dow...
...in the midst of the worst economic crisis in modern history, there are still more stocks that trade above 10-times revenues today (37) than there were in March of 2000 (30)
"The change came in a July 1 overhaul of lending guidelines that broadly lowered barriers to the product for existing customers, while making it far harder for new ones to qualify."
Following a series of reports claiming that the White House was weighing sanctions against Chinese officials under the "Magnitsky Act", ironically a law passed to target corruption in Russia.
Any company that uses equipment or services in their day-to-day operations from these five companies will no longer be able to sell to the U.S. government without getting a U.S. government waiver.
"With leverage, it only makes sense to add it when you can be 100% certain of gains. That usually happens when the old grannies start rushing in during the mid-to late stage of a rally."
"Presidents, prime ministers, kings and princesses... saw me and suddenly saw the chance that they could take a photo with me for their Instagram account..."
