News From ZeroHedge, Page 3198

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  • Bond Market Tears In Two: Distressed Debt Is Cratering, As Fed Buying Of Investment Grade Sends LQD NAV Soaring

    ZeroHedge - Mar 25th 2020 3:05pm EDT

    Bond Market Tears In Two: Distressed Debt Is Cratering, As Fed Buying Of Investment Grade Sends LQD NAV Soaring Just last Friday we reported that the number of distressed debt in the US – roughly defined as bonds with a spread of over 10% – had soared, doubling in just two weeks to a remarkable […]

  • Rabobank: “Is Trump Being A Cautious Optimist, Or Just Careless?”

    ZeroHedge - Mar 25th 2020 2:50pm EDT

    Rabobank: “Is Trump Being A Cautious Optimist, Or Just Careless?” Submitted by Michael Every of Rabobank It is perhaps a bit remarkable that we have seen the biggest one day [ZH: soon, two-day] gain in the Dow Jones index since 1933 and a 9.5% gain for the S&P 500 index yesterday. Where a day earlier […]

  • Pompeo Denounces China’s “Wuhan Virus Disinformation Campaign” Before G7 Leaders

    ZeroHedge - Mar 25th 2020 2:35pm EDT

    Pompeo Denounces China’s “Wuhan Virus Disinformation Campaign” Before G7 Leaders The worsening tit-for-tat exchange of blame for the spread of coronavirus between Washington and Beijing continues, as on Wednesday Secretary of State Mike Pompeo slammed China’s “intentional disinformation campaign” behind the “Wuhan virus” — something Pompeo says was discussed among the Group of Seven (G7) big economies in a […]

  • Italy Over The Hump? Decline In New Cases, Deaths Suggests Lockdown Is Working

    ZeroHedge - Mar 25th 2020 2:20pm EDT

    Italy Over The Hump? Decline In New Cases, Deaths Suggests Lockdown Is Working Italy has been by far the hardest hit developed nation as the novel coronavirus spreads across the world, with really only Iran ranking as a more severe outbreak, while outbreaks in Spain and France are rapidly accelerating and threaten to soon join […]

  • “Greatest Depression Has Already Started”, Celente Warns

    ZeroHedge - Mar 25th 2020 2:05pm EDT

    “Greatest Depression Has Already Started”, Celente Warns Via Greg Hunter’s USAWatchdog.com, Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says the world is already in an economic depression. Celente explains, “Never in the history of the world has the whole world, or most of the world, been shut down by politicians destroying […]

  • 47,000 Stores Shutter Across The US As Virtually All Retailers Stop Paying Rent

    ZeroHedge - Mar 25th 2020 1:50pm EDT

    47,000 Stores Shutter Across The US As Virtually All Retailers Stop Paying Rent Even before the coronavirus pandemic ground the US economy to a halt, the US brick and mortar retail sector was facing an apocalypse of epic proportions with dozens of retailers filing for bankruptcy in recent years as Amazon stole everyone’s market share… […]

  • Coronavirus Bill May Suffer Further Delay After GOP Senators Demand Fix For “Massive Drafting Error”

    ZeroHedge - Mar 25th 2020 1:37pm EDT

    Coronavirus Bill May Suffer Further Delay After GOP Senators Demand Fix For “Massive Drafting Error” First it was Nancy Pelosi ‘rode into town from her extended vacation’ to kill the GOP coronavirus bill. Now, despite what we were told was a done dea, three Republican Senators have demanded an “immediate fix” to a drafting error […]

  • Pompeo Urges Saudi Crown Prince To “Rise To Occasion”, Help Lift The Price Of Oil

    ZeroHedge - Mar 25th 2020 1:32pm EDT

    Pompeo Urges Saudi Crown Prince To “Rise To Occasion”, Help Lift The Price Of Oil With the world obsessing over every daily update of new cases in Lombardy or New York to gauge if we have “peaked the curve”, many appear to be forgetting that there is another, just as pressing problem facing global capital […]

  • 5Y Auction Treasury Prices At Lowest Yield Ever Despite Sharp Foreign Buyer Pullback

    ZeroHedge - Mar 25th 2020 1:25pm EDT

    5Y Auction Treasury Prices At Lowest Yield Ever Despite Sharp Foreign Buyer Pullback If yesterday’s tailing 2Y auction was more of a shot in the dark, with an avalanche of new issuance coming down the pipe and was hardly indicative of what future demand will look like, the same can be said for today’s 5Y […]

  • Poll: 100% Of Americans Expect To Get COVID-19

    ZeroHedge - Mar 25th 2020 1:16pm EDT

    Poll: 100% Of Americans Expect To Get COVID-19 Authored by Steve Watson via Summit News, A new survey has discovered that every single American is convinced they will get the coronavirus, highlighting just how entrenched the message about the crisis has become in the US. The poll by Survey USA finds that 100 percent of respondents said […]

  • Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban

    ZeroHedge - Mar 25th 2020 1:00pm EDT

    Stocks Roar, Dow Up 1,000 After More Clarity Emerges On Buyback Ban Earlier today we reported that one of the reasons why futures slumped after rising as high as 2,500 in the overnight session following the announcement that a fiscal stimulus deal had been reached between the White House and Congress, is that according to […]

  • Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks

    ZeroHedge - Mar 25th 2020 12:49pm EDT

    Bill Ackman’s Spectacular Trade: How Pershing Square Made $2.6 Billion – A 100x Return – In Just Three Weeks Over the past week, an at-times manic Bill Ackman made headlines when he appeared, on several occasions, on CNBC and Bloomberg, urging viewers (and certainly his LPs) to remain invested in the market which until yesterday’s […]

  • DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities

    ZeroHedge - Mar 25th 2020 12:45pm EDT

    DHS Warns NYC Morgues Near Capacity As Local Hospitals Construct Makeshift Facilities New York City morgues are nearing capacity and will be full as soon as next week, according to a Department of Homeland Security official which was corroborated by a Politico source. Makeshift tents outside Manhattan’s Bellevue Hospital Another person familiar with the situation […]

  • $5 Trillion Down The Drain

    ZeroHedge - Mar 25th 2020 12:30pm EDT

    $5 Trillion Down The Drain Authored by Stephen Moore via RasmussenReports.com, In the face of the coronavirus pandemic, everyone should read Robert Higgs’ economic classic “Crisis and Leviathan.” The critical warning of this masterpiece is that government always uses a crisis – from the Civil War to the Great Depression to World War II – […]

  • Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison

    ZeroHedge - Mar 25th 2020 12:15pm EDT

    Mayor de Blasio Fighting Coronacrisis By Letting Hundreds Of Criminals Out Of Prison In the latest example of “outside the box thinking” from America’s favorite mayor, Bill de Blasio – whose city is being ravaged by the coronavirus and is slowly becoming the epicenter for the outbreak in the U.S. – decided to release inmates […]

  • Environmentalist Group: “Corona Is The Cure – Humans Are The Disease”

    ZeroHedge - Mar 25th 2020 12:00pm EDT

    Environmentalist Group: “Corona Is The Cure – Humans Are The Disease” Authored by Paul Joseph Watson via Summit News, A climate change group that aligns itself with Extinction Rebellion posted stickers claiming that coronavirus is a “cure” for the “disease” that is humanity. “Earth is healing. The air and water is clearing,” tweeted Extinction Rebellion […]

  • Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ

    ZeroHedge - Mar 25th 2020 11:45am EDT

    Japan’s QE On Verge Of Failure As Nobody Wants To Sell To The BOJ Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and […]

  • How COVID-19 May Move Markets From Here

    ZeroHedge - Mar 25th 2020 11:30am EDT

    How COVID-19 May Move Markets From Here Authored by Patrick Hill via RealInvestmentAdvice.com, As the pandemic drives markets to the 2018 lows, certain relationships in trends between the markets and the COVID-19 virus are evident.  As social distancing increases, markets continue to fall. So, by looking at the expected breakout levels of the virus, we […]

  • CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown”

    ZeroHedge - Mar 25th 2020 11:15am EDT

    CME Urged To Change Physical Gold Delivery Rules Amid Market “Breakdown” Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold. And, as we detailed yesterday, that decoupling has become extreme. A […]

  • Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy?

    ZeroHedge - Mar 25th 2020 11:00am EDT

    Why Did Hundreds Of CEOs Resign Just Before The World Started Going Absolutely Crazy? Authored by Michael Snyder via The End of The American Dream blog, In the months prior to the most ferocious stock market crash in history and the eruption of the biggest public health crisis of our generation, we witnessed the biggest […]

  • Putin Postpones Controversial National Referendum After COVID-19 Cases Leap Overnight

    ZeroHedge - Mar 25th 2020 10:45am EDT

    Putin Postpones Controversial National Referendum After COVID-19 Cases Leap Overnight A day after Putin donned a hazmat suit for a ‘high risk’ photo op while visiting Covid-19 patients at a hospital outside Moscow, the Russian president gave an important address to the nation, updating the country on new drastic measures amid the pandemic, starting with urging the […]

  • WTI Erases Overnight Gains On Demand Fears, Crude Inventory Build

    ZeroHedge - Mar 25th 2020 10:35am EDT

    WTI Erases Overnight Gains On Demand Fears, Crude Inventory Build Oil prices extended gains overnight, along with the rest of the markets, on hope The Fed’s buying will work and optimism that US Congress will agree a bigly Stimulus Bill and helped by a surprise crude draw reported by API. But early on this morning […]

  • The Massive Fiscal Stimulus Deal Is Done – Now Comes The Hard Part

    ZeroHedge - Mar 25th 2020 10:25am EDT

    The Massive Fiscal Stimulus Deal Is Done – Now Comes The Hard Part After the traditionally infuriating song and dance, early on Wednesday morning Congress agreed to a $2 trillion fiscal stimulus package (+4$ trillion in Fed buying power) that is so full of pork that there is no way it would not have passed. […]

  • “Sell The News”? Stocks Are Crashing After 2 Massive Pumps Overnight

    ZeroHedge - Mar 25th 2020 10:12am EDT

    “Sell The News”? Stocks Are Crashing After 2 Massive Pumps Overnight Despite getting help from Boeing’s gains, The Dow has now crashed over 1000 points twice from the post-“we have a deal” highs… and is back in the red for the day… This all has the stench of some major gamma pukes with VIX flying […]

  • Mortgage Apps Crash Most Since 2009

    ZeroHedge - Mar 25th 2020 10:11am EDT

    Mortgage Apps Crash Most Since 2009 While The Fed cut rates to zero and unleashed unprecedented QE and backstops, mortgage rates have spiked in the last two weeks… Source: Bloomberg So much for “helping Main Street.” Amid COVID-19 shutdowns and quarantines and related financial turmoil, general anxiety has taken the shine off a renaissance in […]