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07/05/20 – Tyler Durden: Top Economist Warns No Recovery Until 2022, Stock Market Correction Ahead

It remains to be seen if the US economy even began anything that could realistically be called a “recovery” in June. After all, virus cases are surging, states are pausing or reversing reopening plans, and retail foot traffic has stalled. The “V-shaped recovery” hype in which jobs and economic growth will surge to 2019 levels ahead of the election is nothing more than propaganda hogwash from the Trump administration. Read More.

Market Update Thursday 06/25/20

ssFollowing yesterday’s mini-crash, US stocks zigged and zagged their way to a solidly higher close.  The DJIA rebounded 299 points (1.1%) and the NASDAQ recovered 107 points (1.1%).

Stay tuned as the battle 0of the SkyNet StockBots continues.

06/25/20 – John Rubino: We’ve Been Here Before – And It Ended With An Epic Crash

Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared back to record highs are being elevated by an amazingly small number of stocks – Apple, Microsoft, Amazon, Google and Facebook to be specific — which he calls the “Giant 5.” These stocks now account for nearly one-fifth of the Wilshire 5000 stock index’s value. Read More.

06/23/20 – Annie Lowrey: The Second Great Depression – At least four major factors are terrifying economists and weighing on the recovery.

The American economy is reopening. In Alabama, gyms are back in business. In Georgia, restaurants are seating customers again. In Texas, the bars are packed. And in Vermont, the stay-at-home order has been lifted. People are still frightened. Americans are still dying. But the next, queasy phase of the coronavirus pandemic is upon us. Read More.

06/24/20 – Daniel Lacalle: Why the Central Bank “Bailout of Everything” Will Be a Disaster

Despite massive government and central bank stimuli, the global economy is seeing a concerning rise in defaults and delinquencies. The main central banks’ balance sheets (those of the Federal Reserve, Bank of Japan, European Central Bank, Bank of England, and People’s Bank Of China) have soared to a combined $20 trillion, while the fiscal easing announcements in the major economies exceed 7 percent of the world’s GDP according to Fitch Ratings. Read More.

06/23/20 – Sven Henrich: Still a Bear Market

Don’t let new highs on Nasdaq fool you. It’s still a bear market and I can prove it. First let’s acknowledge they are have and continue to throw the kitchen sink at this: Historic monetary and fiscal stimulus with more to come apparently as the powers that be are discussing another trillion dollar stimulus package on top of the $3 trillion they’ve already thrown at this and of course the Fed’s historic balance sheet expansion. Read More.

06/22-20 – Bill Blain: The Mars Bar Conundrum

People are getting very optimistic. I’m reading predictions the massive retail splurge of the last few weeks means the crisis will result in much less severe slowdown – the US economy will only contract 4% rather than the earlier 6% decline. Brilliant..! We’re all going to be saved then? Read More.

Market Update Friday 06/12/20

Following yesterday’s mini-crash, US stocks struggled to stabilize and regain its footings. After opening sharply higher, stocks zigged and zagged all over the place and ended solidly in the green. The DJIA recovered 477 points (1.9%) and the NASDAQ ended higher by 96 points (1.0%) to a fresh closing high.

Stay tuned as the battle 0of the SkyNet StockBots continues.

06/18/20 – Colby Smith: Emerging markets to face ‘judgment day’ as QE goes global

The coronavirus pandemic — and the accompanying period of financial turmoil — will long be remembered for the unprecedented policy responses it elicited from central banks around the world. In the US, investors have characterised the Federal Reserve’s actions as “shock and awe”, not least for its historic pledge to buy an unlimited quantity of government debt, but also its decision to support even the riskiest of corporate bonds.  Read More.