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  • Is This The Start Of The Factor Crash That Morgan Stanley Has Been Warning About

    ZeroHedge - Feb 20th 2020 12:21pm EST

    Is This The Start Of The Factor Crash That Morgan Stanley Has Been Warning About In the past few weeks, there has been much investor speculation whether the recent record crowding in factor investing would have an adverse impact on the broader market. As a reminder, just yesterday, JPM’s Marko Kolanovic called the low-vol (i.e., […]

  • China Injects A Record 5 Trillion Yuan In New Debt To Arrest Economic Crash

    ZeroHedge - Feb 20th 2020 11:55am EST

    China Injects A Record 5 Trillion Yuan In New Debt To Arrest Economic Crash There was a palpable sense of disappointment last night when instead of cutting its benchmark overnight interest rates, Loan Prime Rate, as some – notably Goldman Sachs – had speculated might happen, the PBOC announced that it would only lower its […]

  • Decoding Business Media Speak

    ZeroHedge - Feb 20th 2020 11:35am EST

    Decoding Business Media Speak Authored by Lance Roberts via RealInvestmentAdvice.com, Just recently, the Institutional Investor website published a brilliant piece entitled “Asset Manager B.S. Decoded.” “The investment chief for one institution-sized single-family fortune decided to put pen to paper, translating these overused phrases, sales jargon, and excuses into plain — and satirical — English.” A Translation […]

  • No Mo’ Momo – Gold Soars As Stocks & Bond Yields Suddenly Plunge

    ZeroHedge - Feb 20th 2020 11:22am EST

    No Mo’ Momo – Gold Soars As Stocks & Bond Yields Suddenly Plunge While the catalyst for this sudden move is unclear, the fact is a notable regime shift is underway today in factors as the long-momo-short-value trade is reversing fast as Treasury yields tumble. Is this the start of a September-like reversal As all […]

  • ViaBomb? Media Company Crashes Most in a Decade After Revenue Shortfall

    ZeroHedge - Feb 20th 2020 11:14am EST

    ViaBomb? Media Company Crashes Most in a Decade After Revenue Shortfall ViacomCBS shares crashed Thursday morning, now down 15% at the 29-handle following a disastrous earnings report.  Shares are poised for the worst day in 11 years as the company posts Q4 revenue of $6.87 billion, below analysts’ estimates of $7.36 billion. It reported a net […]

  • WTI Extends Longest Win Streak In 13 Months On Weak Crude Inventory Build

    ZeroHedge - Feb 20th 2020 11:05am EST

    WTI Extends Longest Win Streak In 13 Months On Weak Crude Inventory Build Oil prices continued to surge overnight, despite a bigger than expected crude inventory build reported by API. Up 7 days in a row, WTI has topped $54 on signs of tighter global supply and hopes that Chinese economic stimulus will cushion fuel […]

  • Largest Shipping Decline Since 2009 And That’s Before Coronavirus

    ZeroHedge - Feb 20th 2020 10:50am EST

    Largest Shipping Decline Since 2009 And That’s Before Coronavirus Authored by Mike Shedlock via MishTalk, The January Cass Freight Shipping Index is more bad news for the global economy. The Cass Freight Shipping Index is down 9.4% year-over-year, the largest decline since 2009. And this is for January, before the Coronavirus disruption. The turn of the calendar […]

  • Key Apple Supplier Hynix Tells 800 Workers To Stay Home After Trainee Contracts Virus

    ZeroHedge - Feb 20th 2020 10:35am EST

    Key Apple Supplier Hynix Tells 800 Workers To Stay Home After Trainee Contracts Virus Chipmaker SK Hynix, a key Apple supplier, reported Thursday that a trainee tested positive for Covid-19 at its Icheon, South Korea, facility, reported Reuters. Hynix told 800 employees on Thursday not to return to work and conduct self-quarantining at their homes as […]

  • In Surprise Flip, Turkey Asks US For Patriot Missiles “To Deter” Russia In Idlib

    ZeroHedge - Feb 20th 2020 10:05am EST

    In Surprise Flip, Turkey Asks US For Patriot Missiles “To Deter” Russia In Idlib In a breaking major development in the battle for Idlib, Turkey has reportedly asked the United States for its Patriot missile defense system “to deter” the Russian and Syrian Army offensive in Idlib, reports Bloomberg citing an official in Ankara.  This would constitute a […]

  • Goldman Warns Stocks Are “Underestimating” Virus Impact On Earnings

    ZeroHedge - Feb 20th 2020 9:51am EST

    Goldman Warns Stocks Are “Underestimating” Virus Impact On Earnings One thing is for sure, the coronavirus has been a boon for stock market investors. The biggest global viral killer in decades has left tech stocks around the world up 5-10% (China’s ChiNext +11% since the start of the outbreak)… …and while multiples have expanded dramatically […]

  • After Failing With Worm-Burgers, Norwegian Grocery Chain To Launch Cricket Burgers

    ZeroHedge - Feb 20th 2020 9:30am EST

    After Failing With Worm-Burgers, Norwegian Grocery Chain To Launch Cricket Burgers Authored by Paul Joseph Watson via Summit News, After failing to convince consumers to buy worm burgers, a Norwegian grocery chain is trying to market burgers made from ground up crickets. Supermarket Meny scrapped the idea of worm burgers after insufficient demand but seem […]

  • “Negative Impact” – Top Apple Supplier Foxconn Warns Over Revenue Hit

    ZeroHedge - Feb 20th 2020 9:10am EST

    “Negative Impact” – Top Apple Supplier Foxconn Warns Over Revenue Hit Top Apple supplier, Foxconn Technology Group, warned Thursday that the Covid-19 outbreak in China would lead to lower full-year revenue.  Foxconn said it would “cautiously” resume output at critical facilities in China that have been shut down because of the virus outbreak.  “As we […]

  • Peter Schiff: Printing Money Is Not The Cure For Cononavirus

    ZeroHedge - Feb 20th 2020 8:50am EST

    Peter Schiff: Printing Money Is Not The Cure For Cononavirus Via SchiffGold.com, In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market […]

  • Philly Fed Unexpectedly Soars To Second Highest Since Financial Crisis

    ZeroHedge - Feb 20th 2020 8:49am EST

    Philly Fed Unexpectedly Soars To Second Highest Since Financial Crisis Anyone expecting the coronavirus pandemic to hit regional Fed surveys following the recent plunge in the Chicago PMI was in for a disappointment this week, when first the NY Fed’s Empire State mfg survey unexpectedly printed at the highest since mid-2018, and then moments ago […]

  • “If This Doesn’t Knock Him Out Of The Race, Nothing Will” – Bloomberg Battered By Left & Right In Debate Disaster

    ZeroHedge - Feb 20th 2020 8:32am EST

    “If This Doesn’t Knock Him Out Of The Race, Nothing Will” – Bloomberg Battered By Left & Right In Debate Disaster Last night’s Democratic presidential candidates debate at the Paris Las Vegas Hotel lived up to its hype. The New York Post summed it up best… The billionaire’s self-bankrolled presidential bid was torn to shreds […]

  • Epstein Mentor Les Wexner Leaves L Brands, Sells 55% Stake In Victoria’s Secret For $525 Million

    ZeroHedge - Feb 20th 2020 8:31am EST

    Epstein Mentor Les Wexner Leaves L Brands, Sells 55% Stake In Victoria’s Secret For $525 Million Les Wexner is stepping down as chairman and CEO of L Brands as the company prepares to sell a 55% stake in its flagship brand, Victoria’s Secret, to private equity firm Sycamore Partners for $525 million, according to a […]

  • Morgan Stanley Can’t Believe What’s Going On: “All Aboard The Crazy Train”

    ZeroHedge - Feb 20th 2020 8:26am EST

    Morgan Stanley Can’t Believe What’s Going On: “All Aboard The Crazy Train” Submitted by Chris Metli, executive director in Quantitative Derivative Strategies at Morgan Stanley All Aboard!  Fed ‘liquidity’ has powered the S&P 500 to a 16% gain since they announced Permanent Open Market Operations in October 2019, while the NDX is up a cool […]

  • Dollar Roars, Futures Slide On Surge In New Virus Corona Cases In Japan, South Korea

    ZeroHedge - Feb 20th 2020 8:02am EST

    Dollar Roars, Futures Slide On Surge In New Virus Corona Cases In Japan, South Korea S&P futures slipped, Asian stocks eased and European markets were a sea of red even as the relentless dollar juggernaut continued on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a […]

  • Morgan Stanley Is Buying E-Trade For $13 Billion, Outmaneuvers Archrival Goldman With Pivot To Retail

    ZeroHedge - Feb 20th 2020 7:33am EST

    Morgan Stanley Is Buying E-Trade For $13 Billion, Outmaneuvers Archrival Goldman With Pivot To Retail Tired of being outmaneuvered by its formidable longtime rival, Goldman Sachs, Morgan Stanley has epically one-upped the Vampire Squid with a deal to buy E*Trade Financial Corp. in what would be the largest takeover by major US bank since the […]

  • Coronavirus Deaths Outside China Surge Overnight As Explosion Of New Cases Suggests Outbreak Far From Over

    ZeroHedge - Feb 20th 2020 7:12am EST

    Coronavirus Deaths Outside China Surge Overnight As Explosion Of New Cases Suggests Outbreak Far From Over Hours after Japanese press reports claimed that two passengers who contracted COVID-19 aboard the ‘Diamond Princess’ died yesterday – news that was later confirmed by Japanese authorities – South Korea reported its first fatality while one of its major […]

  • Macron Ends Unsupervised Imam Program Over Risk Of ‘Separatism’

    ZeroHedge - Feb 20th 2020 5:45am EST

    Macron Ends Unsupervised Imam Program Over Risk Of ‘Separatism’ With Emmanuel Macron’s popularity in freefall and his allies taking hits, the French President has yet again attempted to appease France’s growing populist movement – announcing on Tuesday that he would end a program which allowed foreign countries to send imams and other religious teachers in […]

  • Covid-19: Summing Up The FUD

    ZeroHedge - Feb 20th 2020 5:00am EST

    Covid-19: Summing Up The FUD Authored by ‘Amarynth’ via The Saker blog, drawing together a braintrust from The Movable Feast Cafe, We set up a ‘brain trust’ in the Cafe in order to write a combined sitrep for The Saker Blog about the Coronavirus. The new name in the taxonomy is COVID-19 but let’s stick […]

  • Credit Suisse MD Dies In Freak Accident After Slipping Through Chairlift And Being Suffocated By His Own Jacket

    ZeroHedge - Feb 20th 2020 4:15am EST

    Credit Suisse MD Dies In Freak Accident After Slipping Through Chairlift And Being Suffocated By His Own Jacket Almost exactly 10 years ago, we detailed the tragic death of Gerard Reilly in a skiing accident – the point man on Repo 105, the point person for E&Y’s “investigation” into the Matthew Lee whistleblower campaign, Lehman’s […]

  • The Vector Of The European Political Agenda Is Changing: Russia Is Becoming A Necessary Partner

    ZeroHedge - Feb 20th 2020 3:30am EST

    The Vector Of The European Political Agenda Is Changing: Russia Is Becoming A Necessary Partner Authored by Anastasia Frank via TheDuran.com, One of the main political events of the past week was the Munich Security Conference, which brought together more than 150 heads of state, senior diplomats and prime ministers in the Bavarian capital for […]

  • UBS Hires ING Boss To Replace Ermotti 1 Week After Credit Suisse Ousts Thiam

    ZeroHedge - Feb 20th 2020 2:45am EST

    UBS Hires ING Boss To Replace Ermotti 1 Week After Credit Suisse Ousts Thiam Switzerland’s cross-town banking rivals are now under new management. Despite presiding over several epic ‘compliance failures’ at ING that led the Dutch bank into the morass of a multibillion Russian money laundering scandal that has rocked the European banking system, ING […]