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  • Will We Revisit The Lows? The Answer – Is It 1987 Or 1929

    ZeroHedge - Apr 6th 2020 1:56pm EDT

    Will We Revisit The Lows? The Answer – Is It 1987 Or 1929 Two weeks ago, on quad-witch Friday March 20 which (so far) marked the lows of the coronavirus crisis, when US stocks plunged to levels not seen since late 2016, we showed a staggering chart from BofA putting the crash of 2020 in […]

  • BMO: The US Recession Is About As Subtle As A Network Outage At Netflix

    ZeroHedge - Apr 6th 2020 1:40pm EDT

    BMO: The US Recession Is About As Subtle As A Network Outage At Netflix Authored by BMO Capital Markets rates strategists Ian Lyngen, Ben Jeffery, and Jon Hill It’s an optimistic start to the week in decidedly pessimistic times. With chatter that Spain and Italy may have crossed the Covid-19 apex and a slowing of […]

  • “Money Doesn’t Grow On Trees… It Floats On The Ocean”

    ZeroHedge - Apr 6th 2020 1:25pm EDT

    “Money Doesn’t Grow On Trees… It Floats On The Ocean” “There’s oil all over the oceans right now. That’s where they are storing oil; we have never seen anything like that,” Trump, rather oddly bringing up such an archaic topic, said this week from the podium of the White House. “Every ship is now loaded […]

  • 3Y Auction Tails On Muted Buyer Demand Despite Unlimited Fed QE

    ZeroHedge - Apr 6th 2020 1:16pm EDT

    3Y Auction Tails On Muted Buyer Demand Despite Unlimited Fed QE Last month’s 3Y auction, which tailed by 2.7bps or the most in at least 4 years, was ugly as a result of the total chaos that hit the market in the second week of March as both the oil price war and the corona […]

  • Clarmond: The Virus Exposed That Treasury Collateral Is Anything But Stable

    ZeroHedge - Apr 6th 2020 1:10pm EDT

    Clarmond: The Virus Exposed That Treasury Collateral Is Anything But Stable Authored by Mustafa Zaidi, head of Research and Development at Clarmond Wealth My father’s dark brown attache case, with its light, soft suede interior, lay invitingly open on his bed. The case was filled with intriguing goodies for a 10yr old to examine. There […]

  • Trump Weighs Legal Action Against China Over PPE Hoarding As International ‘Mask Wars’ Heat Up

    ZeroHedge - Apr 6th 2020 12:55pm EDT

    Trump Weighs Legal Action Against China Over PPE Hoarding As International ‘Mask Wars’ Heat Up The Trump administration is considering legal action against China after leading US manufacturers of medical safety gear say Beijing has prohibited them from exporting goods in what the New York Post says was a bid to “corner the world market” […]

  • Platts: 6 Commodity Charts To Watch This Week

    ZeroHedge - Apr 6th 2020 12:45pm EDT

    Platts: 6 Commodity Charts To Watch This Week Authored by S&P Global Platts Insight blog, In this week’s pick of energy and commodity charts to watch, super tankers are in high demand to store oil while prices remain at historic lows. Plus, regional gas prices converge around all-time lows, European steel and aluminum demand plummets, […]

  • Tesla Posts Video Of Engineers Working On Ventilator Prototype Made From Tesla Car Parts

    ZeroHedge - Apr 6th 2020 12:30pm EDT

    Tesla Posts Video Of Engineers Working On Ventilator Prototype Made From Tesla Car Parts Just days after we reported that Elon Musk had sent several boxes of sleep apnea machines to New York under the guise of buying ventilators for help with the coronavirus, Tesla has now posted a video of their engineers working on […]

  • Aaand Its Gone… The Biggest Support For Asset Prices

    ZeroHedge - Apr 6th 2020 12:15pm EDT

    Aaand Its Gone… The Biggest Support For Asset Prices Authored by Lance Roberts via RealInvestmentAdvice.com, Since the passage of “tax cuts,” in late 2017, the surge in corporate share buybacks has become a point of much debate. I previously wrote that stock buybacks were setting records over the past couple of years. Jeffery Marcus of TP Analytics, recently confirmed the same: […]

  • Yellen Blames “Enormous Debt And Buybacks” For Coming Default Wave; Morgan Stanley Says It’s All The Fed’s Fault

    ZeroHedge - Apr 6th 2020 11:38am EDT

    Yellen Blames “Enormous Debt And Buybacks” For Coming Default Wave; Morgan Stanley Says It’s All The Fed’s Fault In June 2017, Janet Yellen decided to wave a red flag before the bulls of fate, and responding to a question on financial system stability, the then Fed chair said post-crisis regulations had made financial institutions much […]

  • “…More Still To Endure, But Better Days Will Return…”

    ZeroHedge - Apr 6th 2020 11:20am EDT

    “…More Still To Endure, But Better Days Will Return…” Authored by Bill Blain via MorningPorridge.com, It took less than 5 minutes for Her Majesty to put us right last night: “..we may have more still to endure, better days will return, we will be with our friends again; we will be with our families again, […]

  • Kudlow Says He “Likes” Cramer’s “War Bonds” Plan, Promises He’ll “Mention It” To Trump

    ZeroHedge - Apr 6th 2020 11:11am EDT

    Kudlow Says He “Likes” Cramer’s “War Bonds” Plan, Promises He’ll “Mention It” To Trump Appearing on CNBC once again Monday morning, Larry Kudlow tried to throw more fuel on Monday’s market rally by insisting that the outbreak in the US was finally slowing, while defending the administration by insisting that “no one could have expected” […]

  • NYT Op-Ed Calls For People To Stop Using Toilet Paper

    ZeroHedge - Apr 6th 2020 11:05am EDT

    NYT Op-Ed Calls For People To Stop Using Toilet Paper The New York Times has published an Op-Ed which shames people into the ‘correct’ way to clean up after dropping a steamer – arguing that amid an absurd toilet paper shortage due to coronavirus, people should simply ditch trees and begin using bidets to strip-mine […]

  • Rabobank: “There Will Be Attempts To Go Back To Normal After This Crisis, But It Will Be Impossible”

    ZeroHedge - Apr 6th 2020 10:50am EDT

    Rabobank: “There Will Be Attempts To Go Back To Normal After This Crisis, But It Will Be Impossible” Submitted by Michael Every of Rabobank The Grand National-ists The weekend’s world-famous UK horse race, the Grand National, was won by Potters Corner, trained in Wales and ridden by Jack Tudor, at 18-1. That’s a little unusual […]

  • Tesla Cutting “Hundreds” Of Contractors From California And Nevada Factories

    ZeroHedge - Apr 6th 2020 10:35am EDT

    Tesla Cutting “Hundreds” Of Contractors From California And Nevada Factories Just weeks after Tesla decided to argue with the Alameda County Sheriff’s department in an attempt to keep its workers coming into work during a global pandemic lockdown, the gate is now swinging in the other direction. Tesla is now reportedly cutting hundreds of contractors from its […]

  • ‘Ugly Choices’ Will Have To Be Made… Very Soon

    ZeroHedge - Apr 6th 2020 10:20am EDT

    ‘Ugly Choices’ Will Have To Be Made… Very Soon Authored by Sven Henrich via NorthmanTrader.com, I had a lot of time away from screens this weekend which is probably a good thing. Always good to get to step away and get a different perspective away from the constant bombardment of news, opinions, and, dare I […]

  • ‘Hope’ Vs ‘Nope’ – Dow Soars 1000 Points As Gold Spikes Near $1,700

    ZeroHedge - Apr 6th 2020 10:08am EDT

    ‘Hope’ Vs ‘Nope’ – Dow Soars 1000 Points As Gold Spikes Near $1,700 One market is saying “hope”… Dow Futures are up over 1,000 points, topping 22k… While another is yelling “nope”… Gold futures are up over 2%, nearing $1,700… Is this investors claiming to “…barbell the virus turning point?” The dollar has drifted back […]

  • Germany Announces “Limitless” Aid Program For Small Business: SBA Are You Listening?

    ZeroHedge - Apr 6th 2020 9:55am EDT

    Germany Announces “Limitless” Aid Program For Small Business: SBA Are You Listening? To anyone who fell asleep some time in early February and woke up today, it will come as a shock that Germany – which until very recently was perceived as the fiscally stingiest nation in Europe, if not the world – is fast […]

  • “Nobody’s Traveling For Next Two Months” – Airlines Dumping Chemicals In Fuel Tanks To Prevent Algae

    ZeroHedge - Apr 6th 2020 9:45am EDT

    “Nobody’s Traveling For Next Two Months” – Airlines Dumping Chemicals In Fuel Tanks To Prevent Algae The unprecedented collapse of airline traffic across the world has left many carriers on the brink of bankruptcy. Parking lots of commercial jets are scattered across the globe as carriers reduce flights amid travel restrictions due to the COVID-19 […]

  • “This Is The End Of Western Capitalism As We Knew It…”

    ZeroHedge - Apr 6th 2020 9:30am EDT

    “This Is The End Of Western Capitalism As We Knew It…” Authored by Garfield Reynolds via Bloomberg, The sheer speed of the coronavirus crisis means investors are way behind the curve in assessing its long-term impact on economies, companies and stock market valuations. The global business environment is being transformed – we are all socialists […]

  • Millions Of Applicants But “Only 100 Loans Disbursed” In Latest Small Business Bailout Shock

    ZeroHedge - Apr 6th 2020 9:18am EDT

    Millions Of Applicants But “Only 100 Loans Disbursed” In Latest Small Business Bailout Shock On Friday, we reported that millions of small business owners around the country were stunned to learn that they weren’t eligible for loans via the government’s “Paycheck Protection Program”, or would at least face more roadblocks, and more critical delays, as […]

  • Here Comes Round Two: China Just Reported The Most New Covid Cases In A Month

    ZeroHedge - Apr 6th 2020 9:00am EDT

    Here Comes Round Two: China Just Reported The Most New Covid Cases In A Month Last week we reported that even as the world’s attention had shifted to the new global coronavirus outbreak epicenters of New York, Italy, Spain and other western nations, China – which rushed to restart its economy at any cost as […]

  • If Lockdown Is A Needless Over-Reaction, Then Why Did China Lockdown Half Its Economy?

    ZeroHedge - Apr 6th 2020 8:45am EDT

    If Lockdown Is A Needless Over-Reaction, Then Why Did China Lockdown Half Its Economy? Authored by Charles Hugh Smith via OfTwoMinds blog, Recall that the initial deaths and related costs are only the first-order effects; policy makers have to consider the second-order effects. Everyone who reckons that the lockdown is needless and more destructive than […]

  • ‪COVID-19 “Changes Everything” – Mark Cuban Welcomes “America 2.0”

    ZeroHedge - Apr 6th 2020 8:30am EDT

    ‪COVID-19 “Changes Everything” – Mark Cuban Welcomes “America 2.0” Mark Cuban appeared on Fox News’ “Watters’ World” on Saturday night to discuss how he would approach the bailout of America a little more different than the current administration. Cuban said after the virus clears, “everything” will fundamentally change about this country.  TONIGHT @mcuban will share what he […]

  • 2008 Playbook Update: What’s Happened So Far…

    ZeroHedge - Apr 6th 2020 8:18am EDT

    2008 Playbook Update: What’s Happened So Far… Submitted by Nick Colas and Jessica Rabe of DataTrek Three points to cover today: New York City is bracing for “Peak COVID-19” this week but there are hopes that we can avoid the worst-case outcomes. The 2008 Playbook calls for 2-3 weeks of volatile stability for the S&P […]