Jackpot: The “Big Short 2” Trade Has Absolutely Crushed It
ZeroHedge - Mar 23rd 2020 3:00pm EDT Jackpot: The “Big Short 2” Trade Has Absolutely Crushed It Back in March 2017, a bearish trade emerged which quickly gained popularity on Wall Street, and promptly received the moniker “The Next Big Short.” As we reported at the time, similar to the run-up to the housing debacle, a small number of bearish funds were […]
Platts: 5 Commodity Charts To Watch This Week
ZeroHedge - Mar 23rd 2020 2:30pm EDT Platts: 5 Commodity Charts To Watch This Week Via S&P Global Platts Insight blog, US oil exports are under pressure as WTI’s differential to Middle Eastern offers narrows, reducing its appeal in Asia. Meanwhile, the gut-punch to global demand from the coronavirus pandemic is playing out across markets, putting EU carbon prices high on traders’ watchlist after […]
White House Axed CDC ‘Eyes & Ears’ On The Ground In China Months Before Outbreak
ZeroHedge - Mar 23rd 2020 2:15pm EDT White House Axed CDC ‘Eyes & Ears’ On The Ground In China Months Before Outbreak It appears Washington’s first failing to protect against the spread of the deadly coronavirus began on what would be the ‘front lines’ months prior to the emergence of the pandemic. A lengthy investigative report in Reuters found that the White House […]
Garrison: Beware The Deep State In A Crisis
ZeroHedge - Mar 23rd 2020 2:00pm EDT Garrison: Beware The Deep State In A Crisis Authored by Ben Garrison via GrrrGraphics.com, Old Saying: “Give them an inch and they will take a mile.” HOUSE DEMOCRAT WHIP: CORONAVIRUS A ‘TREMENDOUS OPPORTUNITY TO RESTRUCTURE THINGS TO FIT OUR VISION’ Big Government (the Deep State) claims to care about its subjects (We The People). This […]
Finally Good News: Slowdown In New Cases, Deaths Suggests Italy’s Outbreak May Be Peaking
ZeroHedge - Mar 23rd 2020 1:48pm EDT Finally Good News: Slowdown In New Cases, Deaths Suggests Italy’s Outbreak May Be Peaking Italy’s Civil Protection Agency just reported a second straight drop in new cases, offering some hope to Italians, and the global community, as the government in Rome has been desperately struggling to slow the outbreak. All of a sudden about three […]
IOC Member Says 2020 Tokyo Olympics “Will Be Postponed” Likely To 2021
ZeroHedge - Mar 23rd 2020 1:40pm EDT IOC Member Says 2020 Tokyo Olympics “Will Be Postponed” Likely To 2021 Veteran International Olympic Committee (IOC) member Dick Pound told USA Today on Monday that the 2020 Tokyo Olympic Games are going to be postponed to 2021, with more details coming next month. “On the basis of the information the IOC has, postponement has […]
How Big A Fiscal Package Is Needed? Try $3 Trillion To Start
ZeroHedge - Mar 23rd 2020 1:35pm EDTHow Big A Fiscal Package Is Needed? Try $3 Trillion To Start Submitted by Joe Carson, former chief economist of AllianceBernstein As Washington rushes to approve a fiscal aid package to cushion the economy from the coronavirus the critical question is how big of a fiscal response is needed. Drawing on the lessons of the […]
Germany Supports Rescue Loan For Italy Through Euro Area Bailout Fund
ZeroHedge - Mar 23rd 2020 1:15pm EDT Germany Supports Rescue Loan For Italy Through Euro Area Bailout Fund Who would have thought just one month ago, that “stingy, austere” Germany would emerge in just a few short weeks as a supporter of a European fiscal stimulus gusher. After a weekend in which Germany’s “debt brake”, aka “black zero” balanced-budget policy was finally […]
So Far, The Number Of Americans That Have Died From COVID-19 Is Greater Than The Number That Have Recovered
ZeroHedge - Mar 23rd 2020 12:59pm EDT So Far, The Number Of Americans That Have Died From COVID-19 Is Greater Than The Number That Have Recovered Authored by Michael Snyder via TheMostImportantNews.com, The information that I am about to share with you is quite disturbing, and it has some very alarming implications. One of the great mysteries of this coronavirus pandemic has […]
Boeing Shares Halted: Suspends Production In Puget Sound
ZeroHedge - Mar 23rd 2020 12:44pm EDT Boeing Shares Halted: Suspends Production In Puget Sound With airlines seeing 50, 60, 70% collapses in occupancy or more and layoffs looming around the world’s travel sector, Boeing shares have been halted for news pending this morning. Boeing was up 4.5% ahead of the halt… after an upgrade from Goldman Sachs overnight: We think Boeing […]
2007 Redux – Mortgage Fund Considers Asset-Sale After “High Number Of Margin Calls”
ZeroHedge - Mar 23rd 2020 12:15pm EDT 2007 Redux – Mortgage Fund Considers Asset-Sale After “High Number Of Margin Calls” On the day when The Fed unveils it will be buying agency MBS and CMBS (along with IG corporate debt) in unlimited size “to maintain the smooth functioning of markets,” The Wall Street Journal reports that for at least one major mortgage […]
“No One Saw It Coming” – Should You Worry About The 10 Best Days?
ZeroHedge - Mar 23rd 2020 12:03pm EDT “No One Saw It Coming” – Should You Worry About The 10 Best Days? Authored by Lance Roberts via RealInvestmentAdvice.com, Pippa Stevens via CNBC recently had some advice: “Panic selling not only locks in losses, but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of […]
Dow Industrials Give Up All Post-Trump-Election Gains
ZeroHedge - Mar 23rd 2020 11:48am EDT Dow Industrials Give Up All Post-Trump-Election Gains In mid-February, The Dow was up almost 60% from Trump’s election…and now, it’s gone. The Dow Jones Industrial Average joined Small Caps and Dow Transports in the red since President Trump was elected… After an initial burst of excitement, stocks tumbled back towards overnight limit-down lows after The […]
Pigs At The Trough: Private Jet Industry Now Asking For “Absurd” Government Bailout
ZeroHedge - Mar 23rd 2020 11:30am EDT Pigs At The Trough: Private Jet Industry Now Asking For “Absurd” Government Bailout It’s not the just wealthy commercial airline CEOs that have their hands out to the government, begging for bailouts as the coronavirus lockdown ravages their industry, but now also the private jet industry. Yes, the private jet industry – which is run by, […]
Rabobank: Over 100 Million Could Be In Lockdown In India
ZeroHedge - Mar 23rd 2020 11:15am EDTRabobank: Over 100 Million Could Be In Lockdown In India Submitted by Michael Every of Rabobank Police State The headlines continue to shock. Firstly, the number of coronavirus cases surged past 300,000 on Sunday with more than 13,000 deaths now reported worldwide. Secondly, predictions about the fall out on the global economic outlook have rapidly […]
US Gasoline Crashes To 50c – Lowest Since 2001 – Amid “Unprecedented” Demand Collapse
ZeroHedge - Mar 23rd 2020 11:06am EDT US Gasoline Crashes To 50c – Lowest Since 2001 – Amid “Unprecedented” Demand Collapse Gasoline futures in New York fell as much as 13% to 50.00 cents a gallon, the lowest level since the current contract started trading in 2005. Source: Bloomberg The previous gasoline contract last traded that low in 2001… Source: Bloomberg All of which […]
Democrats Holding COVID-19 Bill Hostage Over Unrelated Demands
ZeroHedge - Mar 23rd 2020 10:53am EDT Democrats Holding COVID-19 Bill Hostage Over Unrelated Demands As the country slips into economic chaos, Democratic gatekeepers to a $1.8 trillion stimulus package have made several demands which have nothing to do with coronavirus before they’ll sign off on the legislation. According to Town Hall’s Guy Benson, Senate Minority Leader Chuck Schumer (D-NY) and House […]
Buyback Backlash Begins: Fed Will Limit Buybacks & Dividends For Companies Using Its Credit Facility
ZeroHedge - Mar 23rd 2020 10:35am EDT Buyback Backlash Begins: Fed Will Limit Buybacks & Dividends For Companies Using Its Credit Facility Over the past week there has been a groundswell of populist anger aimed at companies that used roughly $4 trillion in cash over the past decade to repurchase shares instead of, say, putting the money away for a rainy day […]
“We’re All Going To Get It” – New Jersey Top Health Official Warns
ZeroHedge - Mar 23rd 2020 10:21am EDT “We’re All Going To Get It” – New Jersey Top Health Official Warns New Jersey’s top public health official, Judith Persichilli, told NJ.com some frightening news last week when she said everyone would get the virus, including her. “I’m definitely going to get it. We all are,” Persichilli said. “I’m just waiting.” At the age of 71, […]
Welcome To Sweatshop Amerika! – The Next Bailout Will Be Our Last
ZeroHedge - Mar 23rd 2020 10:05am EDT Welcome To Sweatshop Amerika! – The Next Bailout Will Be Our Last Authored by Mike Whitney via The Unz Review, Imagine if the congress approved a measure to form a public-private partnership between the US Treasury and the Federal Reserve. Can you imagine that? Now imagine if a panicky and ill-informed Congress gave the Fed […]
The Fed Is Now Buying Investment Grade Bond ETFs Like LQD
ZeroHedge - Mar 23rd 2020 9:52am EDT The Fed Is Now Buying Investment Grade Bond ETFs Like LQD Over the weekend, we reported that virtually all of Wall Street was praying for nothing short of divine intervention from the Fed, but would be content with the announcement of corporate bond buying, such as Bank of America… … and Deutsche Bank. On Monday […]
Did The Fed’s QEternity Just Kill A Fiscal Stimulus Deal?
ZeroHedge - Mar 23rd 2020 9:39am EDT Did The Fed’s QEternity Just Kill A Fiscal Stimulus Deal? US equity and bond markets have reversed their initial exuberance at The Fed’s monetary policy lunacy as investors realize that soaring stocks will dramatically reduce the urgency from The Senate to cut a deal, which once again leaves The Fed shouldering the bulk of the […]
“If I Get Corona, I Get Corona”: Deniers & Disbelievers Choose To Party Until The End
ZeroHedge - Mar 23rd 2020 9:34am EDT “If I Get Corona, I Get Corona”: Deniers & Disbelievers Choose To Party Until The End As cities across the nation began going into lockdown last week and millions of Americans started self-isolating, we brought your attention to the lascivious scenes of beer-guzzling thong-clad coeds and self-styled ‘invincible’ frat bros swarming the remainder of open beaches throughout Florida, […]
Blain: This Crisis Isn’t About The Wuhan Flu… It’s Much More
ZeroHedge - Mar 23rd 2020 9:17am EDT Blain: This Crisis Isn’t About The Wuhan Flu… It’s Much More Authored by Bill Blain via MorningPorridge.com, New World – What To Do? “Stands the clock at ten to three, and is there honey still for tea?” A week ago on Monday morning I was furiously trying to get up to London, delayed yet again […]
Unprecedented Intervention: The Fed Will Purchase $125 Billion In Securities Every Day
ZeroHedge - Mar 23rd 2020 9:00am EDT Unprecedented Intervention: The Fed Will Purchase $125 Billion In Securities Every Day At the same time as the Federal Reserve announced open-ended QE, which also included purchases of corporate bonds and loans in both the primary (as the ECB does now) and directly in the secondary market (a new twist), as well as expanding its […]
